New Business Models from Prescriptive Maintenance Strategies Aligned with Sustainable Development Goals

Mercedes Grijalvo Martín, Antonia Pacios Álvarez, Joaquín Ordieres-Meré, Javier Villalba-Díez and Gustavo Morales-Alonso
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Mercedes Grijalvo Martín: Escuela Técnica Superior de Ingenieros Industriales (ETSII), Universidad Politécnica de Madrid, José Gutiérrez Abascal 2, 28006 Madrid, Spain
Antonia Pacios Álvarez: Escuela Técnica Superior de Ingenieros Aeronáuticos y del Espacio (ETSIAE), Universidad Politécnica de Madrid, Plaza del Cardenal Cisenros 3, 28040 Madrid, Spain
Joaquín Ordieres-Meré: Escuela Técnica Superior de Ingenieros Industriales (ETSII), Universidad Politécnica de Madrid, José Gutiérrez Abascal 2, 28006 Madrid, Spain
Javier Villalba-Díez: Hochschule Heilbronn, Fakultät Management und Vertrieb, Campus Schwäbisch Hall, 74523 Schwäbisch Hall, Germany
Gustavo Morales-Alonso: Escuela Técnica Superior de Ingenieros Industriales (ETSII), Universidad Politécnica de Madrid, José Gutiérrez Abascal 2, 28006 Madrid, Spain

Sustainability, 2020, vol. 13, issue 1, 1-26

Abstract: The industry has entered on the Fourth Industrial Revolution, the so-called Industry 4.0, with global markets and strong competition, some traditional manufacturing firms are implementing new maintenance innovations and policies, based on digitalisation and data driven approach, but also based on servitisation. The implementation of these new equipment maintenance business models, could require new organisational approach at different levels. Different sorts of integration are arranged, in vertical with a flat structure of intelligent, flexible and autonomous units working integrated, in horizontal with a strong external and internal supply chain integration, and in transverse, with an integrated approach that link internal and external stakeholders. A new prescriptive maintenance business model for equipment exploiting digitalisation opportunities, including stakeholder relationship is proposed. Different perspectives such as organisational, innovation and sustainability have been adopted to discuss the implications of the proposal. The social value potentially gained as well as the alignment with the SDGs are discussed as well.

Keywords: prescriptive maintenance; sustainable business models innovation; Industry 4.0; technology systems; distributed ledger technologies; digital twin (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:13:y:2020:i:1:p:216-:d:469604

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