scholarly journals Ten Golden Rules for Applying Life Cycle Information

2019 ◽  
Author(s):  
Jim Fava
Keyword(s):  
Life Cycle ◽  
Value Chain ◽  
Product Life Cycle ◽  
Business Models ◽  
Full Range ◽  
Climate Change Impacts ◽  
Trade Offs ◽  
New Business ◽  
Reducing Costs ◽  
The Right

We have seen rivers burning, marine litter growing, climate change impacts increasing, limited resources to name a few.  Often our resources are directed towards actions which we create unexpected impacts elsewhere, because we have not considered the full range of impacts along a product life cycle.  Life cycle assessment has increasing become a tool of choice to understand the environmental and social trade-offs associated with product and packaging systems. What have we learned that can accelerate the generation and use of life cycle information to inform decision making?  As we are approaching nearly 30 years of experiences, there is much still to do to develop the capacity and capabilities to generate and use life cycle information to ensure we are working on the right issue, at the right place in the value chain, and by the right groups.    We see a future where products will be designed, manufactured, used and managed at the end of life in ways to create reduced environmental and social impacts than the previous generation.  These innovative products will create business value, e.g., growing revenue, enhancing brand, reducing costs, and mitigating risk). All actors over a product’s life cycle have a role.  New business models will surface.  These outcomes are happening now, but not at the scale needed.  Based upon nearly 30 years of experiences, we have identified Ten Golden Rules for applying life cycle information.  These will be described with examples and guidance on how they can be applied within your own organization.

scholarly journals Sustainability Requirements of Digital Twin-Based Systems: A Meta Systematic Literature Review

2021 ◽  
Vol 11 (12) ◽  
pp. 5519
Author(s):  
Rui Carvalho ◽  
Alberto Rodrigues da Silva
Keyword(s):  
Life Cycle ◽  
Literature Review ◽  
Systematic Literature Review ◽  
Environmental Sustainability ◽  
Product Life Cycle ◽  
Data Communication ◽  
Three Dimensions ◽  
Digital Twin ◽  
The Subject ◽  
Reducing Costs

Sustainable development was defined by the UN in 1987 as development that meets the needs of the present without compromising the ability of future generations to meet their own needs, and this is a core concept in this paper. This work acknowledges the three dimensions of sustainability, i.e., economic, social, and environmental, but its focus is on this last one. A digital twin (DT) is frequently described as a physical entity with a virtual counterpart, and the data, connections between the two, implying the existence of connectors and blocks for efficient and effective data communication. This paper provides a meta systematic literature review (SLR) (i.e., an SLR of SLRs) regarding the sustainability requirements of DT-based systems. Numerous papers on the subject of DT were also selected because they cited the analyzed SLRs and were considered relevant to the purposes of this research. From the selection and analysis of 29 papers, several limitations and challenges were identified: the perceived benefits of DTs are not clearly understood; DTs across the product life cycle or the DT life cycle are not sufficiently studied; it is not clear how DTs can contribute to reducing costs or supporting decision-making; technical implementation of DTs must be improved and better integrated in the context of the IoT; the level of fidelity of DTs is not entirely evaluated in terms of their parameters, accuracy, and level of abstraction; and the ownership of data stored within DTs should be better understood. Furthermore, from our research, it was not possible to find a paper discussing DTs only in regard to environmental sustainability.

Sustainable life cycle offers through cooperation

2015 ◽  
Vol 4 (1) ◽  
pp. 4-24 ◽  
Author(s):  
Julia Selberherr
Keyword(s):  
Sustainable Development ◽  
Life Cycle ◽  
Business Model ◽  
Value Creation ◽  
Business Models ◽  
Service Providers ◽  
Construction Sector ◽  
Content Type ◽  
New Business ◽  
Societal Level

Purpose – Sustainable buildings bear enormous potential benefits for clients, service providers, and our society. To release this potential a change in business models is required. The purpose of this paper is to develop a new business model with the objective of proactively contributing to sustainable development on the societal level and thereby improving the economic position of the service providers in the construction sector. Design/methodology/approach – The modeling process comprises two steps, the formal structuring and the contextual configuration. In the formal structuring systems theory is used and two levels are analytically separated. The outside view concerns the business model’s interaction with the environment and its impact on sustainability. The inside view focusses on efficient value creation for securing sustainability. The logically deductively developed business model is subsequently theory-led substantiated with Giddens’ structuration theory. Findings – The relevant mechanisms for the development of a new service offer, which creates a perceivable surplus value to the client and contributes to sustainable development on the societal level, are identified. The requirements for an efficient value creation process with the objective of optimizing the service providers’ competitive position are outlined. Research limitations/implications – The model is developed logically deductively based on literature and embedded in a theoretical framework. It has not yet been empirically tested. Practical implications – Guidelines for the practical implementation of more sustainable business models for the provision of life cycle service offers are developed. Social implications – The construction industry’s impact requires it to contribute proactively to a more sustainable development of the society. Originality/value – This paper analyzes the role for the players in the construction sector in proactively contributing to sustainable development on the societal level. One feasible strategy is proposed with a new business model, which aims at cooperatively optimizing buildings and infrastructures and taking the responsibility for the operating phase via guarantees.

Suppliers in the privatised UK wastewater market and their possible moves towards integrated solutions

Water Policy ◽  
2006 ◽  
Vol 8 (6) ◽  
pp. 559-572 ◽  
Author(s):  
Charlotta Windahl
Keyword(s):  
Value Chain ◽  
Support Services ◽  
System Integration ◽  
Business Models ◽  
Spare Parts ◽  
New Business ◽  
Water Companies ◽  
The Uk ◽  
New Business Models ◽  
New Strategies

An increasing number of companies in the capital goods industry are turning towards new strategies where the focus is to add value for customers by providing integrated solutions (combining products and services), instead of selling components, spare parts and support services. These new strategies represent moves in the value chain and create a need for new business models as well as new competencies. In this paper, the fairly new concept of integrated solutions is explored in the context of a privatised industry. The findings are based on empirical case studies carried out at two companies supplying products and services to the UK wastewater industry. In the UK, both water companies and their suppliers are influenced by economic and environmental regulations, an increased focus on cost, and outsourcing. On one hand, the two manufacturers have increased their competence with respect to system integration and operational services – competencies for supplying integrated solutions. On the other hand, a fragmented and vertically structured market with a multitude of different actors increases the distance between the water companies and the manufacturers. In addition, the division of the industry into a capital and operational side complicates the coordination between new sales and services.

The future of the Internet of Things: toward heterarchical ecosystems and service business models

2018 ◽  
Vol 33 (6) ◽  
pp. 749-767 ◽  
Author(s):  
Seppo Leminen ◽  
Mervi Rajahonka ◽  
Mika Westerlund ◽  
Robert Wendelin
Keyword(s):  
Internet Of Things ◽  
Business Model ◽  
Value Chain ◽  
Large Scale ◽  
Business Models ◽  
The Internet ◽  
Content Type ◽  
Industry Collaboration ◽  
New Business ◽  
The Internet Of Things

Purpose This study aims to understand their emergence and types of business models in the Internet of Things (IoT) ecosystems. Design/methodology/approach The paper builds upon a systematic literature review of IoT ecosystems and business models to construct a conceptual framework on IoT business models, and uses qualitative research methods to analyze seven industry cases. Findings The study identifies four types of IoT business models: value chain efficiency, industry collaboration, horizontal market and platform. Moreover, it discusses three evolutionary paths of new business model emergence: opening up the ecosystem for industry collaboration, replicating the solution in multiple services and return to closed ecosystem as technology matures. Research limitations/implications Identifying business models in rapidly evolving fields such as the IoT based on a small number of case studies may result in biased findings compared to large-scale surveys and globally distributed samples. However, it provides more thorough interpretations. Practical implications The study provides a framework for analyzing the types and emergence of IoT business models, and forwards the concept of “value design” as an ecosystem business model. Originality/value This paper identifies four archetypical IoT business models based on a novel framework that is independent of any specific industry, and argues that IoT business models follow an evolutionary path from closed to open, and reversely to closed ecosystems, and the value created in the networks of organizations and things will be shareable value rather than exchange value.

scholarly journals THE ROLE OF COLLABORATION VALUE CHAIN DESIGN AT REWARD-BASED CROWDFUNDING PLATFORMS AND MUSIC INDUSTRY IN INDONESIA

2019 ◽  
Vol 4 (1) ◽  
pp. 1
Author(s):  
Octadila Laily Anggraeni ◽  
Elvia Shauki
Keyword(s):  
Value Chain ◽  
Business Models ◽  
Music Industry ◽  
Creative Industries ◽  
Value Chain Analysis ◽  
Design Collaboration ◽  
Funding Model ◽  
Chain Analysis ◽  
New Business ◽  
Financial Technology

<em>Industry 4.0 has brought many changes, in the financial sector there is financial technology. One form of financial technology is crowdfunding. Creative industries are quite high sectors that use crowdfunding as a funding model. This research includes collaboration between crowdfunding and the music industry. In the process of collaboration between the crowdfunding and the music industry, the parties need to conduct a value chain analysis and find out their competitive advantages to maximize fundraising. The consequence of collaboration between the crowdfunding and the music industry is the presence of new business models accompanied by changes in the value chain. This study aims to determine value chain design collaboration between reward-based crowdfunding and the music industry. This research is based on the value network theory, using a qualitative approach with multi-cases study design. This research was conducted by gathering information through interviews with crowdfunding and the music industry. The results show that collaboration leads to changes in value chain design. Crowdfunding has changed the pattern of production in the music industry with its involvement in funding, sales, and distribution. Other forms of crowdfunding and other creative industries require further investigation. This study aims to help practitioners understand how reward-based crowdfunding is changing the music industry.</em>

Publishing Industry

2015 ◽  
pp. 316-337
Keyword(s):  
Value Chain ◽  
Business Models ◽  
Publishing Industry ◽  
Rapid Development ◽  
Industry Structure ◽  
Primary Objective ◽  
Digital Content ◽  
Depth Analysis ◽  
New Business ◽  
Publishing Business

The general aim of this chapter is to show digitalization is one of the main threats that is shaping the publishing industry value chain and company business models. The analysis of the publishing industry structure is conducted from the perspective of international features. The value chain system of printed media publishing business is explored with more in-depth analysis of its elements. The primary objective of this research is to establish practical outcomes of Internet influence on the structure and business model of publishing companies. As rapid development in the IT sector and the Internet can be considered a crucial risk factor for contemporary publishing business, it creates new business models and changes the industry structure. Publishers progressively respond to changing consumer demands, especially around digital content. Effective pricing strategies for digital content will be the major challenge for magazine publishers.

Publishing Industry

2020 ◽  
pp. 1696-1717
Author(s):  
Nabyla Daidj
Keyword(s):  
Value Chain ◽  
Business Models ◽  
Publishing Industry ◽  
Rapid Development ◽  
Industry Structure ◽  
Primary Objective ◽  
Digital Content ◽  
Depth Analysis ◽  
New Business ◽  
Publishing Business

The general aim of this chapter is to show digitalization is one of the main threats that is shaping the publishing industry value chain and company business models. The analysis of the publishing industry structure is conducted from the perspective of international features. The value chain system of printed media publishing business is explored with more in-depth analysis of its elements. The primary objective of this research is to establish practical outcomes of Internet influence on the structure and business model of publishing companies. As rapid development in the IT sector and the Internet can be considered a crucial risk factor for contemporary publishing business, it creates new business models and changes the industry structure. Publishers progressively respond to changing consumer demands, especially around digital content. Effective pricing strategies for digital content will be the major challenge for magazine publishers.

Toward a Method for Improving Product Architecture Solutions by Integrating Designs for Assembly, Disassembly and Maintenance

2012 ◽  
Author(s):  
Andreas Dagman ◽  
Rikard Söderberg
Keyword(s):  
Life Cycle ◽  
Product Development ◽  
Product Life Cycle ◽  
Development Process ◽  
Business Models ◽  
Design Guidelines ◽  
Product Development Process ◽  
Product Architecture ◽  
Manufacturing Companies ◽  
Maintenance And Repair

New customer demands and increased legislation drive business-oriented companies into new business models focusing on the entire life cycle of the product. This forces the manufacturing companies into service-oriented solutions as a compliment to the original business areas. Takata [1] postulates that “the goal is no longer to produce products in an efficient way, but rather to provide the functions needed by society while minimizing material and energy consumption”. This new situation affects the product requirements as well as product development process (PD). When focusing on the entire product life cycle, product aspects such as maintenance and repair will receive more attention since the companies will be responsible for them. In the product development process of today, especially in the automotive industry, maintenance and repair aspects (repair and maintenance methods and manuals, for example) are currently taken care of when the product is more or less fully developed. Maintenance and repair requirements are difficult to quantify in terms of core product properties (for vehicles, cost, CO2 emissions, weight, and so on). This leads to difficulties in equally considering maintenance and repair requirements while balancing vast amounts of product requirements. This paper focuses on a comparison and discussion of existing design guidelines affecting the structure and organization of parts in an assembled consumer product, such as Design for Assembly (DFA), Design for Maintenance (DFMa), Design for Service (DFS) and Design for Disassembly (DFD) methods. A tool for evaluation and analyzing product architecture as well as assemblability and maintainability is proposed.

Technology roadmapping—developing a practical approach for linking resources to strategic goals

2003 ◽  
Vol 217 (9) ◽  
pp. 1183-1195 ◽  
Author(s):  
D R Probert ◽  
C J P Farrukh ◽  
R Phaal
Keyword(s):  
Life Cycle ◽  
Product Life Cycle ◽  
Technological Development ◽  
Technology Roadmapping ◽  
The Public ◽  
Business Goals ◽  
Powerful Means ◽  
Strategic Goals ◽  
The Right ◽  
The Cost

As technological development increases in pace and complexity, it is ever more important for companies to understand the link between the technological resources at their disposal, their effective deployment, and the business goals that they aim to achieve. The cost of bringing inappropriate technologies to market may be damaging for an otherwise successful firm, and it is imperative to make the right choices at all stages of the product life cycle. Technology roadmapping offers a way to explore this linkage and, together with the associated supporting analysis, is a powerful means of identifying the key required technologies. Research to date has not revealed a generally applicable roadmapping approach in the public domain, and individual company experience is fragmented and inaccessible. This paper describes the development of a particular approach to technology roadmapping. It is intended to enable any organization to assess the value of roadmapping in its own particular context by means of a rapid first application. The experience gained from the research cases is discussed, providing some guidance for further applications.

Value chain for next-generation biofuels: resilience and sustainability of the product life cycle

2016 ◽  
Vol 37 (1) ◽  
pp. 22-33 ◽  
Author(s):  
Zachary A. Collier ◽  
Elizabeth B. Connelly ◽  
Thomas L. Polmateer ◽  
James H. Lambert
Keyword(s):  
Life Cycle ◽  
Value Chain ◽  
Product Life Cycle ◽  
Next Generation ◽  
Product Life
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