Modelling time-varying value of an end-of life product for design for recovery

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

Estimating residual value of an end-of-life product is an essential preliminary to design for recovery. This paper presents a quantitative model for estimating time-varying value of an end-of-life product. The model estimates the expected economic value of a product by considering two major depreciation factors, physical deterioration and technological obsolescence. The developed model is illustrated with an example of desktop computer and potential applications to design for recovery are presented. The model can contribute to enhancing the residual value of a product and/or improving the way of retrieving the residual value. It can also assist the recovery system design, such as product take-back planning and recovery strategy planning.

Original languageEnglish (US)
Title of host publicationICED 11 - 18th International Conference on Engineering Design - Impacting Society Through Engineering Design
Pages70-80
Number of pages11
StatePublished - Dec 1 2011
Event18th International Conference on Engineering Design, ICED 11 - Copenhagen, Denmark
Duration: Aug 15 2011Aug 18 2011

Publication series

NameICED 11 - 18th International Conference on Engineering Design - Impacting Society Through Engineering Design
Volume5

Other

Other18th International Conference on Engineering Design, ICED 11
CountryDenmark
CityCopenhagen
Period8/15/118/18/11

Keywords

  • Design for recovery
  • End-of-life
  • Product reuse
  • Remanufacturing
  • Take-back

ASJC Scopus subject areas

  • Industrial and Manufacturing Engineering

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