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System analysis

University of Central Florida

2010

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Full-Text Articles in Engineering

Optimized Market Introduction Of Large Capital Products (Lcp) With Long Development And Learning Cycles, Antje Lembcke Jan 2010

Optimized Market Introduction Of Large Capital Products (Lcp) With Long Development And Learning Cycles, Antje Lembcke

Electronic Theses and Dissertations

Any product sold is expected to be reliable and available when the customer wants to operate it. Companies that produce large capital products (LCP), such as rockets, satellites, or large gas turbines to generate electrical energy, tend to shy away from extending their testing and validation method above the requirements by law, mainly due to the very high costs of each additional test and the uncertain return on investment. This research shows that today’s state of the art validation methods for LCP, required by law, or suggested in literature, and adapted by these industries, are not capable of capturing all …