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Value Creation Mechanisms of Modularisation in the Engineering Asset Life Cycle

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 publicationProceedings of the 13th World Congress on Engineering Asset Management
EditorsJayantha P. Liyanage, Joe Amadi-Echendu, Joseph Mathew
PublisherSpringer
Pages846-854
Number of pages9
ISBN (Electronic)978-3-030-48021-9
ISBN (Print)978-3-030-48020-2
DOIs
Publication statusPublished - 2020
Publication typeA4 Article in a conference publication
EventWorld Congress on Engineering Asset Management -
Duration: 1 Jan 1900 → …

Publication series

NameLecture Notes in Mechanical Engineering
PublisherSpringer
ISSN (Print)2195-4356
ISSN (Electronic)2195-4364

Conference

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

Abstract

Many companies offering physical assets have to adapt to different market requirements to maintain profitability. Product modularisation is a common solution for this challenge used by suppliers (manufacturers) of engineering assets. Modularisation enables greater 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 case specific partitioning logic. This paper reviews the main value creation mechanisms (VCMs) of product modularisation in the manufacturing industry, and studies what kind of VCMs are related to the main life cycle stages of engineering assets and how companies in case studies have incorporated VCMs. Key VCMs were identified based on the engineering asset life cycle, but other VCMs were considered to be important from a supplier’s perspective. Suppliers should consider the whole life cycle when designing engineering assets and clarify which VCMs are the most important guiding principles for their product and make trade-offs when required.

Publication forum classification

Field of science, Statistics Finland