TY - CHAP
T1 - Economic and Environmental Impacts of Product Service Lifetime
T2 - A Life-Cycle Perspective
AU - Kwak, Minjung
AU - Kim, Harrison
N1 - Publisher Copyright:
© 2013, Springer-Verlag Berlin Heidelberg.
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 -