2012
DOI: 10.3233/aop-120028
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A novel method to enable trade-offs across the whole product life of an aircraft using value driven design

Abstract: The increasing need to understand complex products and systems with long life spans, presents a significant challenge to designers who increasingly require a broader understanding of the operational aspects of the system. This demands an evolution in current design practice, as designers are often constrained to provide a subsystem solution without full knowledge of the global system operation. Recently there has been a push to consider value centric approaches which should facilitate better or more rapid conv… Show more

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Cited by 22 publications
(23 citation statements)
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“…All aspects of value were quantified in monetary terms, enabling easy trade-off with more traditional requirements. This quantification process was based on the implementation of Net Present Value (NPV) from the VDD literature [25]. The dataset also contained information enabling mapping each design variable directly to components or subsystems in the structural hierarchy.…”
Section: Case Studymentioning
confidence: 99%
“…All aspects of value were quantified in monetary terms, enabling easy trade-off with more traditional requirements. This quantification process was based on the implementation of Net Present Value (NPV) from the VDD literature [25]. The dataset also contained information enabling mapping each design variable directly to components or subsystems in the structural hierarchy.…”
Section: Case Studymentioning
confidence: 99%
“…Monetary units are convenient, practical, and universally understood metrics for value, and are beneficial in the design process to stress the potential success of investments [59]. This quantification process in the arena is driven by the implementation of Net Present Value (NPV) and Surplus Value (SV) from the Value Driven Design (VDD) literature [60]. Different models, which exploit a probabilistic approach using Monte Carlo simulation, are then developed and 'called' in the MDDA to generate the necessary data for the NPV function to be populated.…”
Section: Value Analysismentioning
confidence: 99%
“…The use of value functions has been often linked to the need to monetary quantify the profits, or losses, linked to a specific design solution (e.g., Castagne, Curran & Collopy 2009;Cheung et al 2012). In these cases, the value function took the form of a net present value assessment or of surplus-value calculation (e.g., Price et al 2012;Selva & Crawley 2013).…”
Section: Value and Sustainability Challenges In Aerospace Product Devmentioning
confidence: 99%