Cooperative Decision-Making in Modular Product Family Design

Download or read book Cooperative Decision-Making in Modular Product Family Design written by Marc Windheim and published by Springer Nature. This book was released on 2019-11-21 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: The development of modular product families holds enormous economic potential for companies, as there are always great opportunities but also risks associated with all life phases of a product. However, these fundamental and far-reaching effects inevitably lead to conflicting objectives when defining modular product structures, which makes decision-making in product development particularly complex.Considering relevant theories from decision theory and product family design, this book presents an innovative method to support decision makers in the development of modular product families. The central element of the method is a novel Modularity Decision Dashboard (MDD), which interactively visualizes all decision-relevant data. The findings presented here confirm that applying the method to real-world decision-making problems leads to a more balanced ratio between internal and external variety, and thus significantly contributes to the efficient economic benefit of modularization.