Business Model Engineering for Smart Product-Service Systems

Abstract

Smart product-service systems offer new opportunities for the innovation of digital business models by integrating digitized product and service components. A key aspect of these industrial solutions is the life cycle accompanying fulfilment of customer value. Consequently, the corresponding digital business models must dynamically adapt to changing customer demands. To date, there is a lack of comprehensive research to develop the digital business models that accompany them, resulting in a lack of holistic methodologies that integrate modeling and simulation techniques that map their architecture and dynamic behavior. This paper presents an iterative business model engineering approach for the design and analysis of dynamic business models for smart product-service systems (sPSS).

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