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80    Chapter Five






















               FIGURE 5.2  Dual life cycles associated with a product.


                    • The time scale of the business life cycle is determined by the
                      rate of technological change and other market conditions that
                      determine product obsolescence; the time scale of the physical
                      life cycle is determined by the length of service of a typical
                      product unit, which may range from days or weeks for con-
                      sumable products to years or decades for durable goods.
                    • The responsibility for the business life cycle and the business
                      impacts (profits or losses incurred) is borne fully by the pro-
                      ducing company; the responsibility for the physical life cycle
                      and the associated impacts is distributed among many com-
                      panies or individuals involved at different stages of trans -
                      formation; and, in some cases, the responsibility for adverse
                      impacts may be ambiguous (e.g., liability for waste impacts).
                    • The sustainability of the business cycle depends upon the abil-
                      ity of a company to innovate by developing and delivering
                      product extensions or upgrades that serve the needs of its
                      markets; the sustainability of the physical cycle depends upon
                      the ability of various interested parties, including the manu-
                      facturer, to cost-effectively acquire the necessary energy and
                      material inputs, and to recover, recycle or refurbish discarded
                      products.
                   From a conventional product development perspective, the “busi-
                ness life cycle” interpretation is the more meaningful one, since it
               provides a framework for making business decisions regarding de -
               sirable product features and cost or effort trade-offs. The concurr  ent
               engineering approach, described above, traditionally has been based
               on this model of the business life cycle, with “ilities” associated
               with different phases. On the other hand, the notion of the “physical
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