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Operations Research, Systems Engineering and Industrial Engineering Commons™
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Information theory in economics<br />Lean manufacturing<br />New products -- Development<br />Risk assessment -- Methodology<br />Value analysis (Cost control)
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A Value Model For Product Development Process Using Lean Principles, Salik Yadav
A Value Model For Product Development Process Using Lean Principles, Salik Yadav
Masters Theses
"This research presents a value quantification model for multi-stage product development Process (PDP) using lean value principles. The PDP stages considered in this research include conceptual development, systems design, detailed design and prototyping stages. The value at any of the PDP stages is formulated as a function of six factors: (a) importance of customer requirements, (b) cost of customer's ownership, (c) parts/service availability, (d) weighted average cost of capital, (e) information evolution, and (f) risk reduction. Factors (a)-(d) are adequately addressed in the literature. This study focuses on information evolution and risk reduction factors. These two factors are defined by …