Model-Based Design of Product-Related Information Management System for Accelerating Resource Circulation

In the manufacturing industry, information about products accumulated through the whole life cycle such as design descriptions, usage data, and failure event history is considered crucial to innovate the industry’s value propositions. Although such information can be used to increase the efficiency of the operations and decision makings in the end-of-life stage, such information is not effectively shared and used by the potential stakeholders involved in the life cycle of products. In order to analyze the value of information sharing among the stakeholders and design a system to realize desired information sharing, this study proposes a simulation-based approach to specify the external and internal requirements of such a system and evaluate the impact of the system on resource circulation and profitability of the stakeholders.