Title :
Educating the guess: strategies, concepts and tools for the fuzzy front end of product development
Author :
Jetter, Antonie J M
Author_Institution :
Rheinisch-Westfalische Tech. Hochschule, Germany
Abstract :
Many companies lack efficient management of the early phases of new product development (NPD) - the so-called fuzzy front end (FFE). Rather than on structured methods, decision makers rely on "gut-feel" or "guessing". In an attempt to "educate the guess" this paper discusses the activities and challenges of the FFE, as well as strategies to manage them successfully. It then briefly presents traditional and recent approaches to front-end management support. Based on the identified strengths and weaknesses of existing front-end solutions, the framework of a new management support system for the FFE is presented. Conceptually, the system is based on psychological findings about the process of action-regulation in complex decision environments. Methodologically, it uses fuzzy cognitive maps (FCM) for modeling and simulation.
Keywords :
decision making; fuzzy set theory; management; product development; action-regulation; complex decision environments; decision making; front-end management support; fuzzy cognitive maps; fuzzy front end concepts; fuzzy front end strategies; fuzzy front end tools; guess education; information dynamics; knowledge acquisition; new product development; psychological findings; uncertainty; Bridges; Costs; Environmental management; Fuzzy cognitive maps; Portfolios; Product development; Project management; Psychology; Strategic planning; Technology management;
Conference_Titel :
Management of Engineering and Technology, 2003. PICMET '03. Technology Management for Reshaping the World. Portland International Conference on
Print_ISBN :
1-890843-08-3
DOI :
10.1109/PICMET.2003.1222803