Title: Conceptual modelling of interactions among value creation factors for improved sustainable value creation

Authors: Pinar Bilge; Fazleena Badurdeen; Günther Seliger; I.S. Jawahir

Addresses: Chair of Assembly Technology and Factory Management, Department of Machine Tools and Factory Management, Berlin Institute of Technology, Production Technology Centre, PTZ 2, Pascalstr. 8-9, 10587 Berlin, Germany ' Department of Mechanical Engineering, Institute of Sustainable Manufacturing, College of Engineering, University of Kentucky, Lexington, KY 40506, USA ' Chair of Assembly Technology and Factory Management, Department of Machine Tools and Factory Management, Berlin Institute of Technology, Production Technology Centre, PTZ 2, Pascalstr. 8-9, 10587 Berlin, Germany ' Department of Mechanical Engineering, Director, Institute for Sustainable Manufacturing, College of Engineering, University of Kentucky, Lexington, KY 40506, USA

Abstract: Technological and socio-political changes driven by ever-increasing competition have posed a challenge to manufacturing. The manufacturing activities can be modified, after potential areas for improvement are identified. Manufacturing systems represent value creation networks comprised of value creation modules. Each module which is specified by five value creation factors is considered within the economic, environmental and social contexts that continuously challenge companies to create sustainable value. A conceptual model is presented to show the interactions among all factors. Characteristics of factors are identified to foster decision-making based on developed sustainability attributes and are evaluated according to the impact on the sustainability metrics. Company initiatives are analysed to build a guideline for future implementation. In the case studies, three factors (equipment, organisation and human) are considered changeable, as they influence the entire process. The two remaining factors, product and process, are treated as fixed factors determining the impact of the proposed model.

Keywords: sustainable value creation; value creation attributes; value creation factors; strategic alignment; sustainability value; sustainable development; manufacturing systems; conceptual modelling.

DOI: 10.1504/IJSEAM.2015.072123

International Journal of Strategic Engineering Asset Management, 2015 Vol.2 No.3, pp.287 - 311

Available online: 01 Oct 2015 *

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