Data-driven through-life costing to support product lifecycle management solutions in innovative product development

Innovative product usually refers to product that comprises of creativity and new ideas. In the development of such a new product, there is often a lack of historical knowledge and data available to be used to perform cost estimation accurately. This is due to the fact that traditional cost estimation methods are used to predict costs only after a product model has been built, and not at an early design stage when there is little data and information available. In light of this, original equipment manufacturers are also facing critical challenges of becoming globally competitive and increasing demands from customer for continuous innovation. To alleviate these situations this research has identified a new approach to cost modelling with the inclusion of product lifecycle management solutions to address innovative product development.The aim of this paper, therefore, is to discuss methods of developing an extended-enterprise data-driven through-life cost estimating method for innovative product development

Concepts of Transdisciplinary Engineering: A Transdisciplinary Landscape

The term ‘transdisciplinary’ is receiving increased attention within engineering academic and research funding communities. We survey authors of papers presented at the 27th ISTE International Transdisciplinary Engineering Conference (TE2020) to answer two research questions: 1) How do authors define transdisciplinary engineering? 2) What do authors perceive differentiates interdisciplinary engineering research from transdisciplinary engineering research? Responses from thirty-four participants (50%), are qualitatively analysed. Results show that for the three characteristics commonly used in characterisations of transdisciplinarity (goal, collaboration and integration), multiple concepts exist. These range from generic expressions which overlap with how interdisciplinarity is defined within the general literature, to stronger, more definitive expressions. Conclusions find that rather than a single definition a transdisciplinary landscape exists. To enable users to define where they sit in the transdisciplinary landscape, we create a framework enabling users to map their position under the three key characteristics of goal, collaboration and integration

Managing the Performance of Asset Acquisition and Operation with Decision Support Tools

Decision support tools (DSTs) are increasingly being used to assist with asset acquisition and management decisions. Whether these tools are “fit for purpose” will have both economic and non-economic implications. Despite this, the on-going governance of DST performance receives only limited attention within both the academic and industry literature. This work addresses that research gap. Within this paper a conceptual process for managing the operational performance of decision support tools is presented. The novelty of the approach is that it aligns with the ISO 5500x:2014 Asset Management Standard, therefore introducing consistency in the governance of DSTs with physical engineered assets. A case study of the UK’s National Grid Electricity Transmission (NGET) is used to inform the approach design. The evaluation demonstrates it to be both logical and useable within the context of NGET and they have expressed an intention to implement the approach within their business. A key finding of the research was that DSTs transcend functions and organisations. This is significant and can lead to a situation whereby performance and criticality are interpreted and measured differently. The introduction of a common approach for managing DST performance works towards improving consistency and creating a shared understanding

Uncertainty perception in bidding for Product-Service Systems under competition

This research investigates what impact of uncertainty perception arising from the existence of competition has on the pricing decision for Product-Service Systems (PSS) under uncertainty. PSS provision is an increasingly important area for many businesses and competition increases cognitive pressures on providers even further. We present an experimental study with industrial costing and bidding experts from the defence and aerospace sector. The study consisted of an experimental set-up via two questionnaires which differed in the existence of competition in the bidding scenario. The findings showed that bidding decision makers changed their evaluation of the cost estimate due to the introduction of competition but kept their evaluations of the profit margin and price bids constant. Furthermore, the participants listed the relevant sources of uncertainty that influenced their decision-making process. This research contributes to the literature in two ways. First, our findings showed that predictions from current theory regarding decision-making of cost estimation and pricing are not confirmed when competitively bidding for PSS. Second, we show uncertainty sources that influenced the decision makers and identified p the importance of internal processes of the PSS provider and environmental uncertainty

Through life costing in defence electronic systems: an integrated data-driven multi-level approach

Cost estimating is a business process that is critical to the defence sector, where many products have low volumes and long life cycles. The nature of a defence system is often unique (for example, a naval platform) which consists of a number of sub-systems and components. For the design of such a system cost estimating is a critical task, in particular the requirement to predict the cost throughout the systems lifetime. The aim of this paper therefore is to discuss an integrated approach that provides a general framework for through life costing in defence systems via the development of: (1) a generic data library to support designers and cost estimators, (2) data searching and transfer mechanisms to support a top-down and bottom-up hybrid cost modelling approach, (3) capturing reliability data to support product services. The paper is divided into several sections, first, a review of relevant research projects concerning integration and data capture for cost modelling. This is followed by a section, which highlights problems of performing cost estimates for low volume products, and subsequently the proposed solution, methods of cost estimation and example applications. Perhaps most importantly, the methods created in this research are able to enhance decision-making and accelerate the responsiveness of the business bidding process

Data Modelling and Optimization in Cost Estimation for Innovative Low Volume Product Development

This paper reports on the progress of the research and development of a data modelling and optimization method to support cost estimation in the product development process. This paper forms part of an investigation into Through-Life Costing of innovative low volume long life defence electronic systems. The paper briefly covers the literature review in the area of cost estimation in product development, in particularly the data sets needed to perform cost estimation and the method of modelling the data and the optimization techniques. The propose approach will be used to support cost estimation in product development decisions of innovative low volume product development

Information availability at the competitive bidding stage for service contracts

Sustainable production and consumption have become more important internationally which has led to the transformation of market structures and competitive situations into the direction of servitisation [Baines et al., 2011; Bandinelli and Gamberi, 2011]. For a manufacturing company the shift towards being a service provider is characterised by a high level of uncertainty about the future strategic development of the company caused by e.g. inadequate knowledge and information [Song et al., 2007]. For this research, a service is defined as an activity or a process which is aimed at the change of the state of the service issue such as the repair of a machine or the supply of flying hours for an aircraft [Araujo and Spring, 2006; Gadrey, 2000]. [...continues]