Profitability of Industrial Product Service Systems (IPS²) – Estimating Price Floor and Price Ceiling of Innovative Problem Solutions

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dc.contributor.authorSteven, M.
dc.contributor.authorRese, M.
dc.contributor.authorSoth, T.
dc.contributor.authorStrotmann, W.-C.
dc.contributor.authorKarger, M.
dc.contributor.editorRajkumar Roy
dc.contributor.editorEssam Shehab
dc.date.accessioned2009-10-19T15:22:15Z
dc.date.available2009-10-19T15:22:15Z
dc.date.copyright2009
dc.date.issued2009-04-01
dc.descriptionOrganised by: Cranfield Universityen_UK
dc.description.abstractCompanies from industrialised nations are faced with the threat of competition from low-cost countries. We suggest Industrial Product Service Systems (IPS²) as a possible answer. But as the development and production can be quite expensive for the supplier, the question arises how the net benefits of an IPS² for the supplier can be determined to ensure that the IPS² is profitable. We establish a framework for the calculation of both the supplier’s revenues and costs of an IPS². Requirements induced by possible subsequent changes of the IPS² are emphasized. We propose a combination of the Net Present Value Approach and the Real Options Approach as a means of determining the quantified revenues and a combination of Direct Costing, Time-Driven Activity-Based Costing and the Real Options Approach for the calculation of the costs of an IPS² for a supplier over its life cycle.en_UK
dc.description.sponsorshipMori Seiki – The Machine Tool Companyen_UK
dc.identifier.citationM. Steven, M. Rese, T. Soth, W.-C. Strotmann, M. Karger, Profitability of Industrial Product Service Systems (IPS²) – Estimating Price Floor and Price Ceiling of Innovative Problem Solutions, Proceedings of the 1st CIRP Industrial Product-Service Systems (IPS2) Conference, Cranfield University, 1-2 April 2009, pp243en_UK
dc.identifier.isbn978-0-9557436-5-8
dc.identifier.urihttp://hdl.handle.net/1826/3842
dc.language.isoenen_UK
dc.publisherCranfield University Pressen_UK
dc.relation.ispartofProceedings of the 19th CIRP Design Conference – Competitive Design
dc.rightsCopyright: Cranfield University 2009
dc.subjectIndustrial Product Service Systemsen_UK
dc.subjectNet Present Value Approachen_UK
dc.subjectReal Options Approachen_UK
dc.subjectTime Drivenen_UK
dc.subjectActivity-Based Costingen_UK
dc.subjectLearning Effectsen_UK
dc.subjectPrice Ceilingen_UK
dc.titleProfitability of Industrial Product Service Systems (IPS²) – Estimating Price Floor and Price Ceiling of Innovative Problem Solutionsen_UK
dc.typeConference paperen_UK

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1st CIRP Industrial Product-Service Systems (IPS2) Conference, 2009