Details
| Original language | English |
|---|---|
| Pages (from-to) | 3041-3050 |
| Number of pages | 10 |
| Journal | Proceedings of the International Conference on Engineering Design, ICED |
| Volume | 1 |
| Issue number | 1 |
| Early online date | 26 Jul 2019 |
| Publication status | Published - Jul 2019 |
| Event | 22nd International Conference on Engineering Design, ICED 2019 - Delft, Netherlands Duration: 5 Aug 2019 → 8 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.
Keywords
- Design costing, Evaluation, Life cycle costing, Product-Service Systems (PSS), Reliability
ASJC Scopus subject areas
- Engineering(all)
- Engineering (miscellaneous)
- Engineering(all)
- Industrial and Manufacturing Engineering
- Mathematics(all)
- Modelling and Simulation
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In: Proceedings of the International Conference on Engineering Design, ICED, Vol. 1, No. 1, 07.2019, p. 3041-3050.
Research output: Contribution to journal › Conference article › Research › peer review
}
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 -