TY - CHAP
T1 - Economic and Environmental Impacts of Product Service Lifetime
T2 - A Life-Cycle Perspective
AU - Kwak, Minjung
AU - Kim, Harrison
N1 - Acknowledgments. This material is based upon the work supported by Deere and Company and the National Science Foundation under Award No. 0953021. Any opinions, findings, and conclusions or recommendations expressed in this publication are those of the authors and do not necessarily reflect the views of Deere and Company and the National Science Foundation.
PY - 2013
Y1 - 2013
N2 - This paper presents a generic model for evaluating the economic and environmental impacts of product service lifetime, which is important and useful in the design and management of PSS. From a PSS provider’s perspective, the presented model conducts life-cycle costing (LCC) and life-cycle assessment (LCA) simultaneously and quantifies the total life-cycle cost and environmental impact associated with the product lifetime. The entire life cycle of the product is considered, including its manufacturing (or purchase), usage, maintenance, and end-of-life treatment. Applied with a sensitivity analysis of varying product lifetime, the model can identify the optimal service lifetime at which the life-cycle cost and environmental impact can be minimized. To illustrate, the developed model is applied to the example of a piece of currently-marketed agricultural machinery.
AB - This paper presents a generic model for evaluating the economic and environmental impacts of product service lifetime, which is important and useful in the design and management of PSS. From a PSS provider’s perspective, the presented model conducts life-cycle costing (LCC) and life-cycle assessment (LCA) simultaneously and quantifies the total life-cycle cost and environmental impact associated with the product lifetime. The entire life cycle of the product is considered, including its manufacturing (or purchase), usage, maintenance, and end-of-life treatment. Applied with a sensitivity analysis of varying product lifetime, the model can identify the optimal service lifetime at which the life-cycle cost and environmental impact can be minimized. To illustrate, the developed model is applied to the example of a piece of currently-marketed agricultural machinery.
KW - Product life cycle
KW - life-cycle assessment (LCA)
KW - life-cycle costing (LCC)
KW - optimal equipment replacement
KW - product lifetime planning
UR - http://www.scopus.com/inward/record.url?scp=84926022901&partnerID=8YFLogxK
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U2 - 10.1007/978-3-642-30820-8_16
DO - 10.1007/978-3-642-30820-8_16
M3 - Chapter
AN - SCOPUS:84926022901
T3 - Lecture Notes in Production Engineering
SP - 177
EP - 189
BT - Lecture Notes in Production Engineering
PB - Springer
ER -