Life Cycle Cost Calculations as the Means for Value Communication in Networks

Susanna Kunttu, Outi Kettunen, Tero Välisalo

    Research output: Chapter in Book/Report/Conference proceedingChapter or book articleScientificpeer-review

    1 Citation (Scopus)

    Abstract

    Financial benefits of products and services during the whole life cycle can be challenging to communicate to different stakeholders in industrial networks. To support the decision-making processes, the supplier and its network partners should discuss with the buyers the pros and cons achieved by their products and services and transform those into monetary values. There is a need for tools to facilitate the communication in the network. The aim of this chapter is to describe how product service suppliers and their network partners can support their customers by providing information about life cycle costs with the help of a LCC tool. The chapter describes the role of a LCC tool in a network, related background theory, LCC calculation process, and a case example.
    Original languageEnglish
    Title of host publicationPractices for Network Management
    Subtitle of host publicationIn Search of Collaborative Advantage
    EditorsJukka Vesalainen, Katri Valkokari, Magnus Hellström
    Place of PublicationCham
    PublisherPalgrave Macmillan
    Pages205-217
    ISBN (Electronic)978-3-319-49649-8
    ISBN (Print)978-3-319-49648-1, 978-3-319-84208-0
    DOIs
    Publication statusPublished - 1 Jan 2017
    MoE publication typeA3 Part of a book or another research book

    Keywords

    • life cycle cost
    • value communication
    • industrial networks

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