Product Development Projects: Dynamics and Emergent Complexity (Understanding Complex Systems) - Hardcover

Schlick, Christopher; Demissie, Bruno

Hardcover

ISBN 10: 331921716X ISBN 13: 9783319217161

Publisher: Springer, 2015

Synopsis

This book presents an analysis of the dynamics and the complexity of new product development projects which are organized according to the concept of concurrent engineering. The approach of the authors includes both a theoretical and an empirical treatment of the topic, based on the theory of design structure matrices. Readers will discover diverse perspectives and mathematical models, as well as an extensive discussion of two case studies.

About this title

From the Back Cover

This book primarily explores two topics: the representation of simultaneous, cooperative work processes in product development projects with the help of statistical models, and the assessment of their emergent complexity using a metric from theoretical physics (Effective Measure Complexity, EMC). It is intended to promote more effective management of development projects by shifting the focus from the structural complexity of the product being developed to the dynamic complexity of the development processes involved.

The book is divided into four main parts, the first of which provides an introduction to vector autoregression models, periodic vector autoregression models and linear dynamical systems for modeling cooperative work in product development projects. The second part presents theoretical approaches for assessing complexity in the product development environment, while the third highlights and explains closed-form solutions for the complexity metric EMC for vector autoregression models and linear dynamical systems. Lastly, part four validates the models and methods using a case study from the industry, together with several Monte Carlo experiments.

Presenting a truly unique, integrated treatment of statistical approaches for modeling simultaneous, cooperative work processes in product development projects and assessing their complexity, the book offers a valuable resource for researchers in Industrial Engineering, Engineering Management and Project Management, as well as Project Managers seeking to model and evaluate their own development projects.

Edition details

• Publisher: Springer
• Publication date: 2015
• Language: English
• ISBN 10: 331921716X
• ISBN 13: 9783319217161
• Binding: Hardcover
• Edition number: 1
• Number of pages: 373