This book contains the description of machines and systems as investments goods in production. These machines have a technological and economical life cycle over the time used. By explaining the paradigms of life cycle management, the book describes how the life cycle of such investment goods can be designed, operated and optimized to deliver maximum benefit in industrial environment. Additional examples from industry including case studies and calculations demonstrate practical applications and deliver benefit not only for academic or educational purpose but also for industrial practitioners.
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Prof. Dr.-Ing. habil. Dipl.-Wirt.-Ing. Jörg Niemann has been a professor at Hochschule Düsseldorf since 2012, specializing in Industrial Engineering with a focus on Production in the Department of Mechanical and Process Engineering. He is the managing director of the interdisciplinary research institute FMDauto and the founder of the FLiX Research Center for Life Cycle Excellence. His expertise lies in Life Cycle Management and the assessment and optimization of production systems using Lean Six Sigma. Benedikt Reich, M.Sc. mult., studied Industrial Engineering and Business Analytics. He worked for many years at the FLiX Research Center for Life Cycle Excellence at Hochschule Düsseldorf and is currently Head of Digital Solutions Purchase to Pay at Henkel AG & Co. KGaA. His main areas of expertise include optimizing and digitizing purchasing processes. Carsten Stöhr, M.Sc. mult., studied industrial engineering and business analytics. He was a long-standing member of the FLiX Research Center for Life Cycle Excellence at Düsseldorf University of Applied Sciences. Carsten Stöhr works as a data analyst at L'Oréal Deutschland GmbH. He is responsible for consulting and developing reporting tools for the consumer goods division of the L'Oréal Group. Carsten Stöhr is also a lecturer at the Hochschule für Ökonomie und Management (FOM) in the fields of mathematics and computer science.
This book contains the description of machines and systems as investments goods in production. These machines have a technological and economical life cycle over the time used. By explaining the paradigms of life cycle management, the book describes how the life cycle of such investment goods can be designed, operated and optimized to deliver maximum benefit in industrial environment. Additional examples from industry including case studies and calculations demonstrate practical applications and deliver benefit not only for academic or educational purpose but also for industrial practitioners.
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