Use-Oriented Business Models and Flexibility in Industrial Product-Service Systems

Date

2009-04-01

Supervisor/s

Journal Title

Journal ISSN

Volume Title

Publisher

Cranfield University Press

Department

Type

Conference paper

ISSN

Format

Free to read from

Citation

A. Richter, T. Sadek, M. Steven, E. G. Welp, Use-Oriented Business Models and Flexibility in Industrial Product-Service Systems, Proceedings of the 1st CIRP Industrial Product-Service Systems (IPS2) Conference, Cranfield University, 1-2 April 2009, pp186

Abstract

Today’s corporate environments are characterized by growing dynamics and uncertainties. Here, flexibility gains importance as a critical success factor. This is especially true for long-term customer-supplier relationships. As a solution to the mentioned uncertainties connected with such a business relationship, one can think of flexible systems. The contribution at hand focuses on contracts to control for customer-supplier relationships. By reallocating property rights in use-oriented business models it is possible to distribute incentives and risks to better balance the interests of customers and suppliers. Our contribution points out the importance of flexibility and describes the opportunity to detect the optimal degree of flexibility of an IPS².

Description

Organised by: Cranfield University

Software Description

Software Language

Github

Keywords

Use-oriented business models, Industrial Product-Service Systems, incomplete contracts, flexibility

DOI

Rights

Copyright: Cranfield University 2009

Relationships

Relationships

Supplements

Funder/s

Mori Seiki – The Machine Tool Company