Masters Theses
Abstract
"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 a set of value attributes including performance, risk, schedule, cost, form, fit, function, and timeliness. The efficacy of the proposed value quantification model is demonstrated using a case example of a Detonator Disposal (DD) robot family. The proposed model determines an optimal solution for each of the design variables to maximize the overall value of the PDP"--Abstract, page iv.
Advisor(s)
Allada, Venkat
Committee Member(s)
Dagli, Cihan H., 1949-
Grantham Lough, Katie, 1979-
Department(s)
Engineering Management and Systems Engineering
Degree Name
M.S. in Engineering Management
Sponsor(s)
Missouri University of Science and Technology. Intelligent Systems Center
National Science Foundation (U.S.)
Research Center/Lab(s)
Intelligent Systems Center
Publisher
Missouri University of Science and Technology
Publication Date
Spring 2010
Pagination
xii, 54 pages
Note about bibliography
Includes bibliographical references (pages 131-134).
Rights
© 2010 Salik Yadav, All rights reserved.
Document Type
Thesis - Open Access
File Type
text
Language
English
Subject Headings
Information theory in economics
Lean manufacturing
New products -- Development
Risk assessment -- Methodology
Value analysis (Cost control)
Thesis Number
T 9633
Print OCLC #
692202185
Electronic OCLC #
745905909
Link to Catalog Record
Recommended Citation
Yadav, Salik, "A value model for product development process using lean principles" (2010). Masters Theses. 4981.
https://scholarsmine.mst.edu/masters_theses/4981