Value in product development
Research Theme: Process Management
Value in Product Development in the EDC examines the current understanding of value definition, delivery mechanism, and application in product development. The aim is to enhance the understanding and develop methods that can help industry apply these approaches in practice.
The research comprises three complementary aspects:
- Value Cycle Framework- which is a systematic review-based study to describe the state-of-the-art of value thinking in product development (PD), as adapted from lean manufacturing, and explores its applicability. Findings are integrated into a conceptual framework that clarifies the delivery mechanism, highlights gaps for future research, and can be used as a customizable tool for industries to develop and monitor their value delivery process.
- Value Assessment- which is a research undertaken to develop practical evaluation for value of information, people, and process in product development.
- A modelling approach- is being developed to include value line assessment for different route selection and processes.
Objectives
- Understand what is value?, how can value be created?, and how can value be measured and modelled in product development?
- Develop approaches for value assessment and modelling during design.
Selected Publications
- SIYAM, G., WYNN, D.C. and CLARKSON, P.J. (2011) 'Re-conceptualising value in the engineering design process: The Value Cycle Map' in 18th International Conference on Engineering Design (ICED'11), Copenhagen, Denmark,
