Dynamics of Long Life Assets : From Technology Adaptation to Upgrading the Business Model PART I: Introduction and Setting the scene Dynamics of Long Life Assets: The Editors’ Intro The Challenge The Use it Wisely (UIW) Approach PART II: Tools and Methods Innovation Management with an Emphasis on Co Creation Complexity Management and System Dynamics Thinking Managing the Life Cycle to Reduce Environmental Impacts Virtual Reality and 3D Imaging to Support Collaborative Decision Making for Adaptation of Long llife Assets Operator oriented Product and Production Process Design for Manufacturing Maintenance and Upgrading Fostering a Community of Practice for Industrial Processes Extending the System Model PART III: From Theory to Practice Collaborative Management of inspection Results in Power Plant Turbines Rock crusher Upgrade Business from a PLM Perspective Space Systems Development Adaptation of High Variant Automotive Production System Using a Collaborative Approach Supporting the Small to Medium Vessel Industry Sustainable Furniture that Grows with End users Comparing Industrial Cluster Cases to Define Upgrade Business Models for a Circular Economy This book is published under a CC BY NC 4.0 license. The editors present essential methods and tools to support a holistic approach to the challenge of system upgrades and innovation in the context of high value products and services. The approach presented here is based on three main pillars: an adaptation mechanism based on a broad understanding of system dependencies; efficient use of system knowledge through involvement of actors throughout the process; and technological solutions to enable efficient actor communication and information handling. The book provides readers with a better understanding of the factors that influence decisions and put forward solutions to facilitate the rapid adaptation to changes in the business environment and customer needs through intelligent upgrade interventions. Further it examines a number of sample cases from various contexts including car manufacturing utilities shipping and the furniture industry. The book offers a valuable resource for both academics and practitioners interested in the upgrading of capital intensive products and services. “The work performed in the project “Use It Wisely (UiW)” significantly contributes towards a collaborative way of working. Moreover it offers comprehensive system modelling to identify business opportunities and develop technical solutions within industrial value networks. The developed UiW framework fills a void and offers a great opportunity. The naval construction sector of small passenger vessels for instance is one industry that can benefit.” Nikitas Nikitakos Professor at University of the Aegean Department of Shipping Trade and Transport Greece. “Long life assets are crucial for both the future competiveness and sustainability of society. Make wrong choices now and you are locked into a wrong system for a long time. Make the right choices now and society can prosper. This book gives important information about how manufacturers can make right choices.” Arnold Tukker Scientific director Institute of Environmental Sciences (CML) Leiden University and senior scientist TNO