On the exchange of information in collaborative product development

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

We develop a dynamic programming (DP) model of the product development (PD) process. We conceptualize PD as a sequence of decisions: whether to incorporate a piece of information that just arrived (i.e. became available) or wait longer. We utilize this formulation to derive optimal decision rules to determine whether (and when) to incorporate newly available information in an archetypal situation in PD. The managerial implications are discussed with several numerical examples.

Original languageEnglish (US)
Title of host publication2006 IEEE International Conference on Industrial Technology, ICIT
Pages2735-2740
Number of pages6
DOIs
StatePublished - Dec 1 2006
Event2006 IEEE International Conference on Industrial Technology, ICIT - Mumbai, India
Duration: Dec 15 2006Dec 17 2006

Publication series

NameProceedings of the IEEE International Conference on Industrial Technology

Other

Other2006 IEEE International Conference on Industrial Technology, ICIT
CountryIndia
CityMumbai
Period12/15/0612/17/06

ASJC Scopus subject areas

  • Computer Science Applications
  • Electrical and Electronic Engineering

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