RISK ASSESSMENT AND ACTION SELECTION IN PRELIMINARY DESIGN

Chung Yeh (), Wen-Chin Liu () and Chih-Lieh Lee ()
Additional contact information
Chung Yeh: Department of Industrial Engineering and Systems Management, Feng Chia University, Taichung, 407, Taiwan, R.O.C.
Wen-Chin Liu: Aero Industry Development Corporation, 13FL-3, No. 388, Tung Hwa Rd., Pei-Tung Division, Taichung 406, Taiwan, R.O.C.
Chih-Lieh Lee: Aeronautical Systems Research Division, Chung-Shan Institute of Science and Technology, Taichung, 407, Taiwan, R.O.C.

International Journal of Innovation and Technology Management (IJITM), 2011, vol. 08, issue 01, 77-94

Abstract: New product development (NPD) has typically had strategic implications for the success and prosperity of an organization. This paper applied refined failure mode and effect analysis and genetic algorithm techniques to develop and establish an integrated risk analysis model for improving preliminary design of NPD. Three core items, technological performance, cost, and schedule risk, were used to improve the process of preliminary design and resource allocation in NPD projects. Risk severity, occurrence, and correlation characteristics are collected for each core item. A real study case was implemented to conclude an improving design decision and process change for NPD project.

Keywords: New product development; failure mode and effect analysis; genetic algorithm (search for similar items in EconPapers)
Date: 2011
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.worldscientific.com/doi/abs/10.1142/S0219877011002210
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:ijitmx:v:08:y:2011:i:01:n:s0219877011002210

Ordering information: This journal article can be ordered from

DOI: 10.1142/S0219877011002210

Access Statistics for this article

International Journal of Innovation and Technology Management (IJITM) is currently edited by H K Tang

More articles in International Journal of Innovation and Technology Management (IJITM) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().