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|Title: ||What is ‘Value’ and how can we capture it from the product value chain?|
|Authors: ||Lee, Jacquetta|
Wilson, Garrath T.
|Issue Date: ||2016|
|Publisher: ||© Springer|
|Citation: ||LEE, J. ... et al., 2017. What is ‘Value’ and how can we capture it from the product value chain? IN: Matsumoto, M. ...et al. (eds.) Sustainability Through Innovation in Product Life Cycle Design, New York: Springer, pp. 297-313.|
|Abstract: ||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 stocks and flows 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.|
|Description: ||This paper was originally presented at the EcoDesign 2015 International Symposium, Tokyo, Japan, 2-4th Dec. The final publication is available at Springer via http://www.springer.com/gb/book/9789811004698.|
|Sponsor: ||The authors wish to thank the Engineering and Physical Sciences Research Council (EPSRC) for their financial support of this work as part of the CLEVER project (Closed Loop Emotionally Valuable E-waste Recovery), funded under grant number ep/k026380/1.|
|Version: ||Accepted for publication|
|Publisher Link: ||http://www.springer.com/gb/book/9789811004698|
|Appears in Collections:||Conference Papers and Presentations (Design School)|
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