Capital equipment as a service : emerging models for equipment businesses in low and middle-income economies
Name
962183523-MIT.pdf
Description
Full printable version
Size
3.7 MB
Format
Adobe PDF
Checksum (MD5)
052c7b860154579a41dcb23e187d8ea5
Author(s)
Oni, Oluwasoga (Oluwasoga Temitope)
Advisor(s)
Joost Bonsen.
Date Issued
2016
Publisher
Massachusetts Institute of Technology
Abstract
Capital equipment is a critical component of almost every industry and is used to create valuable goods and services for the end customers. However, the initial cost of acquisition and subsequent running costs associated with these equipment pose a significant barrier to young businesses. While servitizing capital equipment is a proven method of increasing access to these machineries in many high-income countries (HICs), the benefits of servitization often do not extend to low- and middle-income countries (LMICs). In this thesis, I examine the capital equipment ecosystems of both HICs and LMICs, with a focus on the stakeholders involved. I also explore both the challenges facing equipment businesses when operating in LMICs and the innovative solutions being implemented by successful LMIC service businesses. Based on these examples, I offer recommendations for budding service-based equipment business that are working to improve affordable access to capital equipment in resource-constrained settings.
Description
Thesis: S.M. in Engineering and Management, Massachusetts Institute of Technology, School of Engineering, System Design and Management Program, Engineering and Management Program, 2016.
Cataloged from PDF version of thesis.
Includes bibliographical references (pages 57-58).
Subjects
Engineering and Management Program.
System Design and Management Program.
Engineering Systems Division.
MIT Department
Massachusetts Institute of Technology. Engineering and Management Program
System Design and Management Program.
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