An Approach for Choosing the Cost Effective Design for a Product-Service System While Maintaining its Desired Reliability

Publikation: Beitrag in FachzeitschriftKonferenzaufsatz in FachzeitschriftForschungPeer-Review

Autoren

  • Jannik Alexander Schneider
  • Iryna Mozgova
  • Roland Lachmayer
Forschungs-netzwerk anzeigen

Details

OriginalspracheEnglisch
Seiten (von - bis)3041-3050
Seitenumfang10
FachzeitschriftProceedings of the International Conference on Engineering Design, ICED
Jahrgang1
Ausgabenummer1
Frühes Online-Datum26 Juli 2019
PublikationsstatusVeröffentlicht - Juli 2019
Veranstaltung22nd International Conference on Engineering Design, ICED 2019 - Delft, Niederlande
Dauer: 5 Aug. 20198 Aug. 2019

Abstract

With the spread of product-service systems as business models the life cycle costs are of increasing importance as a measurement of product cost. A key factor that drives these costs is the desired reliability of the products used to provide the service. Since the customer usually expects as uninterrupted service availability, it is imperative to achieve the the required reliability. Therefore a large variety of methods has been developed to maximize the reliability of a product. But these approaches focus on the maximization of the reliability and disregard the resulting product costs. This can lead to designs that over perform concerning their reliability requirements but also exceed their target costs. Which will result in the product-service system not being competitive in the marketplace or lowering the company's profit. This paper shows an approach on how to use markov chains to enable a quick comparison of life cycle costs from different product-service system designs With this it will be possible to make better informed decisions about the costs of a system while still meeting the reliability targets.

ASJC Scopus Sachgebiete

Zitieren

An Approach for Choosing the Cost Effective Design for a Product-Service System While Maintaining its Desired Reliability. / Schneider, Jannik Alexander; Mozgova, Iryna; Lachmayer, Roland.
in: Proceedings of the International Conference on Engineering Design, ICED, Jahrgang 1, Nr. 1, 07.2019, S. 3041-3050.

Publikation: Beitrag in FachzeitschriftKonferenzaufsatz in FachzeitschriftForschungPeer-Review

Schneider, JA, Mozgova, I & Lachmayer, R 2019, 'An Approach for Choosing the Cost Effective Design for a Product-Service System While Maintaining its Desired Reliability', Proceedings of the International Conference on Engineering Design, ICED, Jg. 1, Nr. 1, S. 3041-3050. https://doi.org/10.1017/dsi.2019.311, https://doi.org/10.15488/10896
Schneider, J. A., Mozgova, I., & Lachmayer, R. (2019). An Approach for Choosing the Cost Effective Design for a Product-Service System While Maintaining its Desired Reliability. Proceedings of the International Conference on Engineering Design, ICED, 1(1), 3041-3050. https://doi.org/10.1017/dsi.2019.311, https://doi.org/10.15488/10896
Schneider JA, Mozgova I, Lachmayer R. An Approach for Choosing the Cost Effective Design for a Product-Service System While Maintaining its Desired Reliability. Proceedings of the International Conference on Engineering Design, ICED. 2019 Jul;1(1):3041-3050. Epub 2019 Jul 26. doi: 10.1017/dsi.2019.311, 10.15488/10896
Schneider, Jannik Alexander ; Mozgova, Iryna ; Lachmayer, Roland. / An Approach for Choosing the Cost Effective Design for a Product-Service System While Maintaining its Desired Reliability. in: Proceedings of the International Conference on Engineering Design, ICED. 2019 ; Jahrgang 1, Nr. 1. S. 3041-3050.
Download
@article{edb3b2dc19e442fc80dfbb05affb06db,
title = "An Approach for Choosing the Cost Effective Design for a Product-Service System While Maintaining its Desired Reliability",
abstract = "With the spread of product-service systems as business models the life cycle costs are of increasing importance as a measurement of product cost. A key factor that drives these costs is the desired reliability of the products used to provide the service. Since the customer usually expects as uninterrupted service availability, it is imperative to achieve the the required reliability. Therefore a large variety of methods has been developed to maximize the reliability of a product. But these approaches focus on the maximization of the reliability and disregard the resulting product costs. This can lead to designs that over perform concerning their reliability requirements but also exceed their target costs. Which will result in the product-service system not being competitive in the marketplace or lowering the company's profit. This paper shows an approach on how to use markov chains to enable a quick comparison of life cycle costs from different product-service system designs With this it will be possible to make better informed decisions about the costs of a system while still meeting the reliability targets.",
keywords = "Design costing, Evaluation, Life cycle costing, Product-Service Systems (PSS), Reliability",
author = "Schneider, {Jannik Alexander} and Iryna Mozgova and Roland Lachmayer",
year = "2019",
month = jul,
doi = "10.1017/dsi.2019.311",
language = "English",
volume = "1",
pages = "3041--3050",
number = "1",
note = "22nd International Conference on Engineering Design, ICED 2019 ; Conference date: 05-08-2019 Through 08-08-2019",

}

Download

TY - JOUR

T1 - An Approach for Choosing the Cost Effective Design for a Product-Service System While Maintaining its Desired Reliability

AU - Schneider, Jannik Alexander

AU - Mozgova, Iryna

AU - Lachmayer, Roland

PY - 2019/7

Y1 - 2019/7

N2 - With the spread of product-service systems as business models the life cycle costs are of increasing importance as a measurement of product cost. A key factor that drives these costs is the desired reliability of the products used to provide the service. Since the customer usually expects as uninterrupted service availability, it is imperative to achieve the the required reliability. Therefore a large variety of methods has been developed to maximize the reliability of a product. But these approaches focus on the maximization of the reliability and disregard the resulting product costs. This can lead to designs that over perform concerning their reliability requirements but also exceed their target costs. Which will result in the product-service system not being competitive in the marketplace or lowering the company's profit. This paper shows an approach on how to use markov chains to enable a quick comparison of life cycle costs from different product-service system designs With this it will be possible to make better informed decisions about the costs of a system while still meeting the reliability targets.

AB - With the spread of product-service systems as business models the life cycle costs are of increasing importance as a measurement of product cost. A key factor that drives these costs is the desired reliability of the products used to provide the service. Since the customer usually expects as uninterrupted service availability, it is imperative to achieve the the required reliability. Therefore a large variety of methods has been developed to maximize the reliability of a product. But these approaches focus on the maximization of the reliability and disregard the resulting product costs. This can lead to designs that over perform concerning their reliability requirements but also exceed their target costs. Which will result in the product-service system not being competitive in the marketplace or lowering the company's profit. This paper shows an approach on how to use markov chains to enable a quick comparison of life cycle costs from different product-service system designs With this it will be possible to make better informed decisions about the costs of a system while still meeting the reliability targets.

KW - Design costing

KW - Evaluation

KW - Life cycle costing

KW - Product-Service Systems (PSS)

KW - Reliability

UR - http://www.scopus.com/inward/record.url?scp=85079750402&partnerID=8YFLogxK

U2 - 10.1017/dsi.2019.311

DO - 10.1017/dsi.2019.311

M3 - Conference article

AN - SCOPUS:85079750402

VL - 1

SP - 3041

EP - 3050

JO - Proceedings of the International Conference on Engineering Design, ICED

JF - Proceedings of the International Conference on Engineering Design, ICED

SN - 2220-4334

IS - 1

T2 - 22nd International Conference on Engineering Design, ICED 2019

Y2 - 5 August 2019 through 8 August 2019

ER -