Orders > Conference proceedings > Product lifecycle management PLM'05
(from Chapter 7: Product Assembly and Design)
| Full Citation and Abstract
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Title: |
Identification of Real Options for Product Family Configuration Design |
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Author(s): |
Ching Moi Lim, Jianxin Jiao, Arun Kumar, Yiyang Zhang |
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Address: |
School of Mechanical & Aerospace Engineering, Nanyang
Technological University
50, Nanyang Avenue, Singapore, 639798
vickylim @ pmail.ntu.edu.sg |
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Reference: |
PLM-SP1 - 2005 Proceedings, pp. 342 - 351 |
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Abstract/
Summary |
This paper focuses on Product Family Configuration Design (PFCD) based on Product Family Architecture, which constitutes not only individual designs but also a family of configuration designs. With large number of PFCD alternatives derived, Real Options (RO) is proposed to valuate and make selections to the feasible alternatives. Based on analogous study between RO and PFCD, screening, adding variant and abandon operational options are identified to deal with uncertainty associated with customer needs and the inherent flexibility characteristics. A case study is reported regarding the operational options execute in mobile phone vibration motor family configuration design valuation. |
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