Value-Driven Design

Collopy, Paul; Hollingsworth, Peter

doi:10.2514/6.2009-7099

Cited by 95 publications

(123 citation statements)

References 26 publications

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“…We observed that current service design patterns should be leveraged to accommodate business modeling and economic analysis, and that this high level tradeoff can be addressed from a value driven design perspective [4], [19].…”

Section: Discussionmentioning

confidence: 99%

“…Most existing work focus on a specific functionality or quality property from a technical perspective which does not directly cater the core value of service applications where providers' side profitability and growth depend more directly on customer satisfaction [2] in short run and customer loyalty in long run [3]. "Value Driven Design" [4] promotes a movement that is using economic theory to transform the system engineering to better utilize optimization to improve complex design. Enlightened by this ideology, we work towards the foundation of integrating the IT implementation, business modeling and economic analysis by introducing the Service Value Broker (SVB ) [5] pattern.…”

Section: Introductionmentioning

confidence: 99%

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Service Value Broker Patterns: Integrating Business Modeling and Economic Analysis with Knowledge Management (Short Paper)

Duan

Kattepur

Zagarese

et al. 2013

2013 IEEE 6th International Conference on Service-Oriented Computing and Applications

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Service engineering is an emerging interdisciplinary subject which crosscuts business modeling, knowledge management and economic analysis. To better satisfy service providers' profiting goals, the service system modeling needs to take care of both the short and long run customer satisfaction. We believe that the ideology of value driven design fits well for this need. We propose to work towards value driven design by introducing a form of service design patterns, we call service value broker (SVB) patterns, with the aim to shorten the distance between economical analysis and IT implementation. SVB patterns allow us to not only study the value added in terms of functional and business aspects, but also reason about the need for brokerage across various domains. In this paper, we focus on modeling the basis of SVB. The analysis is provided with a formal development of SVB to be integrated across a variety of functional and business aspects of services. Placing particular emphasis on scenarios where these can be applied, an example of improvements provided by SVB is also included.

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Section: Discussionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Service Value Broker Patterns: Integrating Business Modeling and Economic Analysis with Knowledge Management (Short Paper)

Duan

Kattepur

Zagarese

et al. 2013

2013 IEEE 6th International Conference on Service-Oriented Computing and Applications

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“…There are some incredibly complex problems in Systems Engineering; this arises because some modern systems are so complex that no single human can understand all of the aspects of the system [27]. Because systems are so complex there can be a problem with teaching aspiring systems engineers how to actually handle these problems as any truly new system may contain a problem that the engineer working on the problem is seeing for the first time.…”

Section: Background: Systems Engineering Toolsmentioning

confidence: 99%

Gamification of incentives and mechanism design in systems engineering

Clerkin

Mesmer

2016

2016 Annual IEEE Systems Conference (SysCon)

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In this paper, gamification is examined as a possible training and education tool for internal and external organization communication. A review of gamification is conducted, with a focus on its use in teaching, as well as its relationship to various systems engineering research areas. Simple games related to Systems Engineering are introduced to demonstrate how mathematical principles associated with decision analysis can be incorporated. Finally, an outline for a game is proposed that incorporates the essence of the mathematically rigorous methods of mechanism design and value-driven design. Future work is discussed including a path towards human studies.

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“…These trade-offs are solved by looking at what the customers want, which is how much they "value" certain capabilities against each other. In the domain of Systems Engineering, Value-Driven Design (VDD) (Collopy and Hollingsworth, 2009) is proposed as a way to deal with such trade-offs and identify the most value-adding concept during preliminary design. Since "profitability" is by far the most intuitive dimension to assess the value of a system (Collopy and Hollingsworth, 2009), the "best" design is the one that ultimately produces the best overall economic value.…”

Section: Value-driven Design and Sustainabilitymentioning

confidence: 99%

“…In the domain of Systems Engineering, Value-Driven Design (VDD) (Collopy and Hollingsworth, 2009) is proposed as a way to deal with such trade-offs and identify the most value-adding concept during preliminary design. Since "profitability" is by far the most intuitive dimension to assess the value of a system (Collopy and Hollingsworth, 2009), the "best" design is the one that ultimately produces the best overall economic value. Hence VDD optimization is often addressed by utilizing an objective function that produces a surplus value (or Net Present Value) score, a surrogate object for profit that represents an unbiased metric of the "goodness" of the final product.…”

Section: Value-driven Design and Sustainabilitymentioning

confidence: 99%

Assessing sustainability and value of manufacturing processes: a case in the aerospace industry

Hallstedt

Bertoni

Isaksson

2015

Journal of Cleaner Production

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a b s t r a c tIn spite of the growing awareness and significance of accounting for sustainability aspects in product development, design decision support is still immature in this end compared to other decision support areas, such as product performance and manufacturability. This paper proposes a novel decision support method that combines qualitative sustainability assessment techniques with a quantitative analysis, without losing transparency and still covering a full sustainability perspective. The aim is to contribute to an understanding for how to enable value assessment of sustainability issues already in early product development situations. The method, named Sustainability Assessment and Value Evaluation, combines two qualitative sustainability assessment techniques with a quantitative Net Present Value analysis based on alternative future scenarios. A case study, related to the development of a new hightemperature aero-engine component, illustrates both how the sustainability assessment identifies hotspots and clarifies potential sustainability consequences for a new product technology, and how Net Present Value is used to assess alternative solution strategies based on the hotspot, to facilitate early stage decision-making in design. The paper argues that the method serves two main purposes: i) to make sustainability consequences more concrete and understandable during design concept selection activities, rather than to have an exact measurement, and ii) to simplify and prioritize, systematically asking what is important in the sustainability analysis, rather than to reduce the sustainability problem. The method allows undertaking the sustainability assessment in a more structured way than what happens today in preliminary design, through scenario building based on socio-ecological assessments, including back-casting to cover the longer time perspective. In addition, the Sustainability Assessment and Value Evaluation-method provided the design team of a means for displaying sustainability consequences on an equal basis with other decision support tool results.

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Value-Driven Design

Cited by 95 publications

References 26 publications

Service Value Broker Patterns: Integrating Business Modeling and Economic Analysis with Knowledge Management (Short Paper)

Service Value Broker Patterns: Integrating Business Modeling and Economic Analysis with Knowledge Management (Short Paper)

Gamification of incentives and mechanism design in systems engineering

Assessing sustainability and value of manufacturing processes: a case in the aerospace industry

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