Abstract
Sustainable manufacturing is of great importance in today’s world. In manufacturing, keep industrial equipment well-functioning is important because failure of equipment leads to significant financial and production losses. In addition, disposal of such failed equipment is both costly and environmentally unfriendly and does not recover any residual value. This raises the need to adopt methods and means that help extending the life of equipment and reduce waste of material. This paper presents a digital toolkit of cost model to estimate and understand the costs to be incurred when applying life extension strategy for industrial equipment. It is meant to be integrated with other tools and methodologies to enable end-users to perform optimal decision-making regarding which life extension strategy (e.g., remanufacturing, refurbishment, repair) to implement for large industrial equipment that is towards its end-of-life or needs maintenance, taking into account criteria such as cost, machine performance, and energy consumption. The cost model developed integrates a combination of parametric costing and activity-based costing methods to per form cost estimation. It has been implemented in an Excel-based Macro platform. A case study with application scenarios has been conducted to demonstrate the application of the cost model to optimize life extension strategies for industrial equipment. Finally, conclusions on the developed cost model have been reported.
| Original language | English |
|---|---|
| Pages (from-to) | 263-282 |
| Number of pages | 20 |
| Journal | Journal of Remanufacturing |
| Volume | 13 |
| Issue number | 3 |
| Early online date | 5 Sept 2023 |
| DOIs | |
| Publication status | Published - Nov 2023 |
Bibliographical note
This article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. The images or other third party material in this article are included in the article’s Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the article’s Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0/.Funding: The work described in this paper is part of the RECLAIM project “REmanufaCturing and Refurbishment LArge Industrial equipMent” and received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 869884.
Keywords
- Asset management
- Circular economy
- Cost modelling
- Decision making
- Digital manufacturing
- Industrial engineering
- Industrial equipment
- Life extension
- Maintenance
- Refurbishment
- Remanufacturing
- Smart manufacturing
- Sustainable manufacturing