On the exchange of information in collaborative product development

R. S. Sreenivas, A. Yassine

    Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

    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
    Title of host publication2006 IEEE International Conference on Industrial Technology, ICIT
    Pages2735-2740
    Number of pages6
    DOIs
    StatePublished - 2006
    Event2006 IEEE International Conference on Industrial Technology, ICIT - Mumbai, India
    Duration: 15 Dec 200617 Dec 2006

    Publication series

    NameProceedings of the IEEE International Conference on Industrial Technology

    Conference

    Conference2006 IEEE International Conference on Industrial Technology, ICIT
    Country/TerritoryIndia
    CityMumbai
    Period15/12/0617/12/06

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