Evaluating value requirement for Industrial Product-Service System in circular economy for wind power-based renewable energy firms

Nag, Ujjwal; Sharma, Satyendra Kumar; Padhi, Sidhartha S.

doi:10.1016/j.jclepro.2022.130689

Cited by 23 publications

(11 citation statements)

References 59 publications

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“…Similar to the definition of a PSS, the goal is to shift the emphasis from solely selling products to offering integrated solutions composed of physical products, related services, and digital solutions as a way to meet consumers' needs. Industrial PSSs typically involve close collaboration between manufacturers, service providers, and consumers and are based on the establishment of long-term relationships between a network of stakeholders [44]. Offerings vary according to industry and context, but often include elements such as product design, manufacturing, maintenance, repair, end-of-life management, and even human resource training.…”

Section: The Pss Conceptmentioning

confidence: 99%

“…Offerings vary according to industry and context, but often include elements such as product design, manufacturing, maintenance, repair, end-of-life management, and even human resource training. Services provided can also include technical and non-technical support for the product, processes and information during the lifecycle of the product, and can adapt to market dynamics [44].…”

Section: The Pss Conceptmentioning

confidence: 99%

“…Companies have a simultaneous need to establish and oversee external valueproducing networks, as well as use their internal resources to profit from them [16]. A value network is a collection of internal and external resources available to a PSS provider, who may integrate vertically or maintain co-optive connections with organizations to consume resources to create and deliver customer or end-user value [44]. Value propositions are crucial in various contexts.…”

Section: Collaboration Networkmentioning

confidence: 99%

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Product-Services for a Resource-Efficient and Circular Economy: An Updated Review

Henriques,

Figueiredo,

Nunes

2023

Sustainability

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The development of product-service systems (PSSs) has become one of the most prominent ways in which to promote a circular and resource-efficient economy. These systems shift the focus from selling products as commodities to offering solutions that fulfil customers’ needs and provide added value. PSSs have gained attention due to their potential to foster sustainability, particularly in the context of the circular economy and resource efficiency. This review article analyzes the literature on PSSs for the period of 2016–2022, aiming to explore the links between PSSs, sustainability, circular economy, and resource efficiency. Close to 160 relevant articles were identified and examined. The overall findings reinforce contributions from previous studies, which denote a tendency towards sector-specific studies, barriers, and stimuli to implementation and adoption, and PSS design methodologies in specific industries and sectors. The overall results show a steady growth of PSS literature, as well as consistency in its definition, despite variations according to the perspective from which the topic is analyzed. This study focuses on eight main trends in PSS research, along with eight challenges that arise in its design, implementation, and adoption, identifying avenues for future research.

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Section: The Pss Conceptmentioning

confidence: 99%

Section: The Pss Conceptmentioning

confidence: 99%

Section: Collaboration Networkmentioning

confidence: 99%

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Product-Services for a Resource-Efficient and Circular Economy: An Updated Review

Henriques,

Figueiredo,

Nunes

2023

Sustainability

View full text Add to dashboard Cite

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“…The rapid development of national economy and technology is inseparable from the great contribution made by industrialisation. Industry is the strong cornerstone of a nation's development [1][2][3]. In the process of industrial development, the most important task in the early stage is the process design of related industrial production.…”

Section: Introductionmentioning

confidence: 99%

“…The general term for tools, fixtures, moulds, measuring tools and station tools required to manufacture products. Process equipment not only is necessary for manufacturing products but also plays an important role as labour materials to ensure product quality, improve production efficiency and achieve safe and civilised production [4][5][6]. However, in the process of development, craft products have become diversified and refined, and more and more craft products have higher requirements for related parameters and aesthetics.…”

Section: Introductionmentioning

confidence: 99%

Research on product process design and optimisation model based on IoT intelligent computing

Yang

2022

Applied Mathematics and Nonlinear Sciences

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In this article, some complex parameters of the product and design processes, how to match and optimise the sub-parts of related industrial products and how to improve the quality of the corresponding products and the competitiveness of the product in the international market are discussed in this article. We also build an algorithm based on the particle swarm and XGBoost algorithms, combined with the intelligent computing of the Internet of Things (IoT). We transform some uncertain factors in the process of the industrial product design process through the fuzzy matrix, select the optimal design through the optimised intelligent computing of the IoT scheme and compare the influence of the scheme before and after optimisation on production efficiency. The results show that the method proposed in this article can reduce the time-consumption of optimal solution selection by 42.85%–52.94%. In addition, selecting the optimal solution for each field in a targeted manner can increase the overall production efficiency of the product by about 5%, reaching between 93.6% and 96.5%, which may save raw materials and create more economic value.

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Industry 4.0 deployment for circular economy performance—Understanding the role of green procurement and remanufacturing activities

Sahoo,

Jakhar

2023

Bus Strat Env

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As regulatory authorities emphasize sustainable practices, manufacturing organizations rely on Industry 4.0 technologies to shift their business model from a linear to a circular economy. While intuitively this transformation seems straightforward, in reality, it is rather nuanced, thereby necessitating scholarly investigation into process‐based antecedents of circular economy performance of organizations. This study used structural equation modeling to analyze empirical data from 278 Indian manufacturers. Largely, the results demonstrate that the adoption of Industry 4.0 technologies does have a significant effect on the performance of the circular economy within these organizations, owing to their strong influence on green procurement and remanufacturing activities. Additionally, the results show that these process activities (e.g., green procurement and remanufacturing) do mediate the interaction between the deployment of Industry 4.0 and circular economy performance.

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Evaluating value requirement for Industrial Product-Service System in circular economy for wind power-based renewable energy firms

Cited by 23 publications

References 59 publications

Product-Services for a Resource-Efficient and Circular Economy: An Updated Review

Product-Services for a Resource-Efficient and Circular Economy: An Updated Review

Research on product process design and optimisation model based on IoT intelligent computing

Industry 4.0 deployment for circular economy performance—Understanding the role of green procurement and remanufacturing activities

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