Title :
On the Exchange of Information in Collaborative Product Development
Author :
Sreenivas, R.S. ; Yassine, A.
Author_Institution :
Illinois Univ., Urbana
Abstract :
We develop a dynamic programming (DP) model of the product development (PD) process. We conceptualize PD as a sequence of decisions: whether to incorporate a piece of information that just arrived (i.e. became available) or wait longer. We utilize this formulation to derive optimal decision rules to determine whether (and when) to incorporate newly available information in an archetypal situation in PD. The managerial implications are discussed with several numerical examples.
Keywords :
dynamic programming; groupware; product design; product development; collaborative product development; dynamic programming; information exchange; optimal decision rule; product design; Collaboration; Collaborative work; Costs; Delay effects; Dynamic programming; Job design; Process design; Product development; Solid modeling; Systems engineering and theory;
Conference_Titel :
Industrial Technology, 2006. ICIT 2006. IEEE International Conference on
Conference_Location :
Mumbai
Print_ISBN :
1-4244-0726-5
Electronic_ISBN :
1-4244-0726-5
DOI :
10.1109/ICIT.2006.372627
