Through Life Costing

Newnes, Linda, Mileham, Antony, Cheung, Wai Ming and Goh, Yee Mey (2011) Through Life Costing. In: Service Design and Delivery. Service Science: research and innovations in the service economy . Springer, London, pp. 135-151. ISBN 978-1441983213

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Official URL: http://dx.doi.org/10.1007/978-1-4419-8321-3_9

Abstract

When an innovation is launched in such a market, reliable information about the life cost of the novel product is naturally lacking. This has proven to be a key obstacle to venture capital funded cleantech companies with innovations that are conceptually proven and that deliver significant improvements to conventional alternatives, but that lack enough reference installations to provide reliable data on life costs. One way out of this dilemma that is increasingly discussed among practitioners is servitization, i.e., the notion that the owner of the innovation should be an agency that is specialised in using and maintaining the product, letting the end customer become a buyer of the product’s service (such as heat) rather than the product itself.

Item Type: Book Section
Subjects: H100 General Engineering
H300 Mechanical Engineering
H400 Aerospace Engineering
H700 Production and Manufacturing Engineering
L100 Economics
Department: Faculties > Engineering and Environment > Mechanical and Construction Engineering
Related URLs:
Depositing User: Wai Ming Cheung
Date Deposited: 17 Apr 2012 14:52
Last Modified: 10 Nov 2016 12:40
URI: http://nrl.northumbria.ac.uk/id/eprint/6234

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