Research on the Product Platform Life Cycle and its Management Strategies

Wang, Hao Lun; Hou, Liang; Li, Miao; Wang, Shuai Feng

doi:10.4028/www.scientific.net/amm.37-38.1105

Cited by 3 publications

(3 citation statements)

References 3 publications

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“…Bayesian Networks have powerful capabilities for dealing with uncertainty reasoning problems, and its network model is an effective tool to express and derivate the uncertainty knowledge. The frequently used derivation algorithms include Junction Tree reasoning, Global Junction Tree reasoning, Belief Propagation reasoning, variable elimination reasoning, and so on [24]. In this study, we employ junction tree reasoning to derivate the network model.…”

Section: Reasoning Analysisbetween Functional and Structuralmentioning

confidence: 99%

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A Bayesian Network Based Adaptability Design of Product Structures for Function Evolution

et al. 2018

Applied Sciences

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Section: Reasoning Analysisbetween Functional and Structuralmentioning

confidence: 99%

“…In order to understand the upgrade and derivation of the platform, Meyer presented the methods of evolution platform and R&D performance management [23]. Wang [24] put forward the development and management strategy of product platform, based on the theory of life cycle of product platform.…”

Section: Introductionmentioning

confidence: 99%

A Bayesian Network Based Adaptability Design of Product Structures for Function Evolution

et al. 2018

Applied Sciences

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“…The theory abandons the traditional cost management narrow perspective of studying cost in production field. It provides a more macro perspective to co-ordinate the entire product life cycle cost management [4] .…”

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confidence: 99%

The Strategy Framework of Product Life Cycle Cost Management

Wang

Ke²

2016

Proceedings of the 2016 International Conference on Education, E-Learning and Management Technology

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Abstract. In knowledge economy and information age, the full life cycle cost management mode opens up a new way for the traditional cost management with its unique perspective. In this article, on the basis of discussing the theory and connotation of product life cycle cost management, we put forward that we should pay more attention to the product life cycle cost management strategies while managing the cost vertically and horizontally, and then construct the product life cycle cost management strategy framework. An Overview of Product Life Cycle The Theory of Product Life CycleProduct life cycle refers to the whole process including self-inoculation, generation and extinction of the product [1] .The theory of product life cycle was firstly put forward by Harvard University professor Raymond Vernon in 1966 in the "the International Investment and International Trade in the Product Cycle ".Vernon hold that product life is the marketing life of a product , which is the same as people's lives experiencing the cycle of formation, growth, maturity and decline. For the product, it goes through the cycle of development, introduction, growth, maturity and decline. So the product life cycle was defined by him as the product's market life, the process of a new product from being created to enter the market to being eliminated by the market. This is the initial definition of product life cycle from the perspective of market. With the development of economy, people found that the product life cycle can also be understood from the view of the product itself. Therefore, product life cycle also refers to the whole process of product formation to demise, including product planning, development and design, production, usage and disposal [2] . The Cost Theory of Product Life CycleProduct life cycle cost is an important concept in the theory of product life cycle. The theory originated from a research on the cost control of military materials which conducted by the U.S. Defense Department in the early 1960s.At that time, the U.S. Defense Department required material suppliers to design and develop the provided supplies according to the certain specifications and standards and the cost of product should achieve the lowest sum in the whole life cycle, in order that they can obtain the necessary military supplies and control the expenditure of national defense. Based on the product life cycle perspective, this cost management has opened up a new idea for traditional cost management. After 1960s, with the widely used of information technology and the emergence of new economic environment, such as the diversification of social demand, reduction of product life cycle and differentiation of market, the market emerged a large number of electronic products and other high-tech products. What a unique feature for high-tech products is the quite high use-cost and disposal cost. Therefore, when consumers purchased the products which they want, they would use the lowest costs standard to decide whether the products worthy to buy or not. In ord...

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A modular method of developing an eco-product family considering the reusability and recyclability of customer products

Yang

Jiang

2014

Journal of Cleaner Production

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Research on the Product Platform Life Cycle and its Management Strategies

Cited by 3 publications

References 3 publications

A Bayesian Network Based Adaptability Design of Product Structures for Function Evolution

A Bayesian Network Based Adaptability Design of Product Structures for Function Evolution

The Strategy Framework of Product Life Cycle Cost Management

A modular method of developing an eco-product family considering the reusability and recyclability of customer products

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