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Value creation mechanisms of modularisation and engineering asset lifecycle

Research output: Chapter in Book/Report/Conference proceedingConference contributionScientificpeer-review

Details

Original languageEnglish
Title of host publicationEngineering Assets and Public Infrastructures in the Age of Digitalization
Subtitle of host publicationWCEAM, Proceedings of the 13th World Congress on Engineering Asset Management, 24th-26th September, Stavanger, Norway
PublisherSpringer
Number of pages8
Publication statusAccepted/In press - 2019
Publication typeA4 Article in a conference publication
EventWorld Congress on Engineering Asset Management -
Duration: 1 Jan 1900 → …

Conference

ConferenceWorld Congress on Engineering Asset Management
Period1/01/00 → …

Abstract

Many companies offering physical assets and products have to adapt to different market requirements in a profitable way. Modularisation is a common solution for this challenge that suppliers (manufacturers) of engineering assets use. Modularisation enables product variety and increases commonality between product variants. Modularisation includes defining a set of modules, interfaces, modular architecture and configuration rules and constraints based on a case specific par-titioning logic. Many motives may be behind a realised structure of a specific as-set. This paper reviews the main value creation mechanisms (VCM’s) of product modularisation in the manufacturing industry and studies what kind of VCM’s are related to the main lifecycle stages of engineering assets. Focusing on engi-neering asset lifecycle, the key VCM’s were recognised, but from a supplier’s per-spective there are also other VCM’s. Suppliers should consider the whole lifecycle when designing products and engineering assets and clarify which VCM’s are the most important guiding principles that should be followed and where trade-offs are made.

Publication forum classification

Field of science, Statistics Finland