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What is ‘value’ and how can we capture it from the product value chain?

Lee, Jacquetta, Suckling, James R., Lilley, Debra and Wilson, Garrath T. (2017) What is ‘value’ and how can we capture it from the product value chain? In: Sustainability Through Innovation in Product Life Cycle Design. Environmental Issues in Logistics and Manufacturing (Part I). Springer Singapore, pp. 297-313. ISBN 978-981-10-0469-8

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The mobile phone industry is based upon the rapid development of handsets and the high turnover of devices in order to drive sales. Phones are often used for shorter periods of time than their designed life, and when discarded it is often through channels that result in lost resource. This unsustainable business model places strain on resources and creates adverse environmental and social impacts. Through interrogation of a stock and flow model, a product-service system (PSS) for a small consumer electronic device, a mobile telephone, is proposed. The points at which value may be extracted from the PSS are identified. A quantitative measure of value is proposed in order to allow the evaluation of the most appropriate time to extract it. This value is not solely monetary, but is derived from the combination of indicators which encompass environmental, economic, and technological factors. A worked example is presented, in which it is found that the precious metals within the phone are the main determinants for value extraction. These metals are found in the printed circuit board, leading to a requirement to design phones for ease of extraction of these components in order to access the value within.

Item Type: Book Section
Subjects : Sustainability
Divisions : Faculty of Engineering and Physical Sciences > Centre for Environment and Sustainability
Authors :
Suckling, James
Lilley, Debra
Wilson, Garrath T.
Editors :
Matsumoto, Mitsutaka
Masui, Keijiro
Fukushige, Shinichi
Kondoh, Shinsuke
Date : 2017
DOI : 10.1007/978-981-10-0471-1_20
Copyright Disclaimer : © 2017 Springer Japan
Uncontrolled Keywords : Product-service system, Smartphones, Value
Related URLs :
Additional Information : Full text not available from this repository.
Depositing User : Symplectic Elements
Date Deposited : 03 Nov 2016 09:03
Last Modified : 11 Mar 2020 11:38

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