TY - GEN
T1 - The interaction of PSS and PHM - A mutual benefit case
AU - Grubic, Tonci
AU - Jennions, Ian
AU - Baines, Tim
PY - 2009/1/1
Y1 - 2009/1/1
N2 - In the PHM literature a majority of the research deals with solving technically related issues and there is a lack of material addressing the business benefits of such technology. Although PHM has the potential of creating a true paradigm shift, little consideration has been given to PHM being used for revenue generation other than the frequently cited case of maintenance cost reduction and certainly not as a new and powerful business model enabler. The thesis offered here is that a Product-Service System (PSS), which offers a bundle of products and services where emphasis shifts from selling a product to selling the use of a product, is the true business reason for adopting PHM. This paper presents an approach and the tools developed to support a cost/benefit analysis of deploying PHM technologies on a machine tool, where PHM is being used to support a PSS business model. The paper also introduces a model which could frame future research direction, exploring the further benefits PHM technology could bring to a business and the changes necessary to realise those benefits.
AB - In the PHM literature a majority of the research deals with solving technically related issues and there is a lack of material addressing the business benefits of such technology. Although PHM has the potential of creating a true paradigm shift, little consideration has been given to PHM being used for revenue generation other than the frequently cited case of maintenance cost reduction and certainly not as a new and powerful business model enabler. The thesis offered here is that a Product-Service System (PSS), which offers a bundle of products and services where emphasis shifts from selling a product to selling the use of a product, is the true business reason for adopting PHM. This paper presents an approach and the tools developed to support a cost/benefit analysis of deploying PHM technologies on a machine tool, where PHM is being used to support a PSS business model. The paper also introduces a model which could frame future research direction, exploring the further benefits PHM technology could bring to a business and the changes necessary to realise those benefits.
UR - http://www.scopus.com/inward/record.url?scp=84920614310&partnerID=8YFLogxK
M3 - Conference publication
AN - SCOPUS:84920614310
T3 - Annual Conference of the Prognostics and Health Management Society, PHM 2009
BT - Annual Conference of the Prognostics and Health Management Society, PHM 2009
T2 - Annual Conference of the Prognostics and Health Management Society, PHM 2009
Y2 - 27 September 2009 through 1 October 2009
ER -