Product leasing: a strategy to allow manufacturers and customers to benefit from elongation of product life

Rogers, J.G. and Rodrigues, A. ORCID: 0000-0002-9850-8173, 2015. Product leasing: a strategy to allow manufacturers and customers to benefit from elongation of product life. In: T. Cooper ORCID: 0000-0001-8623-2918, N. Braithwaite ORCID: 0000-0001-6424-8919, M. Moreno and G. Salvia, eds., Product Lifetimes and the Environment (PLATE) Conference proceedings, [Nottingham Trent University], Nottingham, 17-19 June 2015. Nottingham: Nottingham Trent University: CADBE, pp. 318-323. ISBN 9780957600997

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Abstract

International development means that the number of people who can be considered as consumers is projected to triple by 2030. This is good news but if we consume goods in the same way as people did in the 20th Century it will lead to an unsustainable rise in industrial greenhouse gas
emissions and contribute towards material scarcities. The old axioms of maintaining profits by high turnover of low profit margins goods, and boosting demand by releasing new models needs to be reconsidered for a sustainable future. The key point is that people’s needs are met by using goods not just acquiring them. One way of reducing the demand for new goods is to use old ones for longer. This study looked at second hand car data and concluded that cars are scrapped when they have a low market value not when they are worn out. It follows that if the second hand value can be raised, cars could potentially be used for longer. One way of increasing the value of a second hand item to a business is to value it as a future profit generator as well as for its market value. A long term lease model has been considered and found to be potentially beneficial to both the supplier and customer.

Item Type:	Chapter in book
Creators:	Rogers, J.G. and Rodrigues, A.
Publisher:	Nottingham Trent University: CADBE
Place of Publication:	Nottingham
Date:	2015
ISBN:	9780957600997
Rights:	[© Nottingham Trent University 2015]., cc Proceedings are under a Creative Common License Number CC BY-NC-ND 4.0 (http://creativecommons.org/licenses/by-nc-nd/4.0/).
Divisions:	Schools > School of Architecture, Design and the Built Environment
Record created by:	Jill Tomkinson
Date Added:	08 Apr 2016 13:58
Last Modified:	09 Jun 2017 14:25
URI:	https://irep.ntu.ac.uk/id/eprint/27477

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