Critical end of life analysis: Managing the downside of the lifecycle

Research output: Contribution to conferencePaper

Abstract

Planning for product lifecycles contains many unknowns and uncertain projections of future
conditions. The further into the future that planning is projected, the more uncertain or subject to
change are the factors that determine product life such as market conditions, product performance in
the field, economic environment, dominant legislation, competition, etc.
Through a series of detailed interviews with product developers and analysis of real-world product
lifecycles, a picture emerges of the degree of uncertainty around predicting product production life.
Comparisons of planned versus actual product cycle (point of introduction, production/sales volumes,
rise and decay rates, end of life), provides insights into the relative impact each stage has on return
on investment and decisions concerning whether a product should be removed from the market.
A sensitivity analysis has been conducted to provide a view on the criticality of end of life decisions on
overall product lifecycle success. Consideration is given to premature termination of life, decisions on
life extension through modification, adaptation and upgrade, as well as the implications of unmanaged
terminal decline.
The consequences on passive management of end of life are considered, with the broader
consequences this may have on follow-on products, service support and resource utilization.
The findings indicate that end of life planning is generally poorly done and inadequately managed.
This has a significant impact on product commercial success, potentially greater than introducing the
wrong product to market or not achieving desired sales volumes.
Original languageEnglish
Publication statusPublished - 17 Jun 2015
EventPLATE 2015: Product Lifetimes and the Environment - Nottinham Trent University, Nottingham, United Kingdom
Duration: 17 Jun 201519 Jun 2015

Conference

ConferencePLATE 2015
Abbreviated titlePLATE 2015
CountryUnited Kingdom
CityNottingham
Period17/06/1519/06/15

Bibliographical note

© 2015 The Author

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  • Cite this

    Price, B. J. (2015). Critical end of life analysis: Managing the downside of the lifecycle. Paper presented at PLATE 2015, Nottingham, United Kingdom.