Simulation for Risk Assessment in Product Development

Author

Yang, Zhaofang

Author_Institution

Fac. of Comput. & Inf. Sci., Southwest Univ., Chongqing, China

Volume

3

fYear

2010

Firstpage

58

Lastpage

62

Abstract

It is very important to assess the impact of risk on decisions during the development of products or systems. The traditional way tends to make predictions quantitatively for the product design and manufacture phases but not to extend them to the service phase. This research presents a novel application of simulation to modeling the whole life cycle of a product and imitating the behavior and characteristics of products in the future use. Through modeling, a comparison of the products with and without new features is made, and the risks and benefits from the new features are quantified and assessed. The model is applied to a refrigeration system with new features called ELIMA, showing that it can be used to help managers in risk-assessing and decision-making for the product development.

Keywords

decision making; product design; product development; product life cycle management; refrigeration; risk management; decision-making; product design; product development; product life cycle assessment; product manufacture; refrigeration system; risk assessment simulation; Computational modeling; Computer simulation; Costs; Databases; Decision making; Life estimation; Maintenance; Product development; Refrigeration; Risk management; ARENA; Decision making; Product life cycle; Risk assessment;

fLanguage

English

Publisher

ieee

Conference_Titel

Computer Modeling and Simulation, 2010. ICCMS '10. Second International Conference on

Conference_Location

Sanya, Hainan

Print_ISBN

978-1-4244-5642-0

Electronic_ISBN

978-1-4244-5643-7

Type

conf

DOI

10.1109/ICCMS.2010.388

Filename

5421178