NDLI: New Product Development with Dynamic Decision Support

Content Provider	IEEE Xplore Digital Library
Author	Venter, J.P. Van Waveren, C.C.
Copyright Year	2007
Description	Author affiliation: Pretoria Univ., Pretoria (Venter, J.P.; Van Waveren, C.C.)
Abstract	The development of new and improved management methods for new product development is important. Existing methods suffer from a number of shortcomings, especially the ability to deal with a mixture of quantitative and qualitative data. The objective of this study is to apply decision support techniques (especially Bayesian networks) to the area of new product development management in order to address some of the shortcomings. The research approach is one of decision structuring and modelling. A three step decision structuring framework is used to develop a conceptual model, based on a Bayesian network, to support new product development management. The result is a Bayesian network that incorporates the knowledge of experts into a decision support model. It is shown that the model is requisite because it contains all the essential elements of the problem from which a decision maker can take action. The model can be used to perform what-if analysis in various ways, thereby supporting the management of risk in new product development. This research contributes not only a model to support new product development management but also provides insight into how decision support, and especially Bayesian networks, can enhance technology management methods.
Starting Page	1914
Ending Page	1923
File Size	747479
Page Count	10
File Format	PDF
ISBN	9781890843151
DOI	10.1109/PICMET.2007.4349518
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2007-08-05
Publisher Place	USA
Access Restriction	Subscribed
Rights Holder	PICMET
Content Type	Text
Resource Type	Article

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1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
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6	Contents and Copyright Issues	Queries related to content curation and copyright issues	content@ndl.gov.in
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9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in

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