Product-Service Systems (PSS) and Prognostics and Health Management (PHM) have so far been researched individually in different domains and as unrelated research theme. However, to guarantee the availability of the asset, which is a typical demand in some PSS contracts, it is fundamental for PSS providers to be able to properly manage the asset's lifetime variability in order to avoid unscheduled downtimes and contract penalties. This paper describes part of a research project to investigate how PHM can support more effective fulfilment of some PSS contracts. In particular, this paper aims to present a novel framework to link PHM and PSS using online simulation. The paper also presents a prototype of the online simulation model and three experimental cases comparing the outcomes of the online simulation model against those obtained from the traditional simulation model.
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