TY - GEN
T1 - On the exchange of information in collaborative product development
AU - Sreenivas, R. S.
AU - Yassine, A.
PY - 2006
Y1 - 2006
N2 - 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.
AB - 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.
UR - http://www.scopus.com/inward/record.url?scp=51349115281&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=51349115281&partnerID=8YFLogxK
U2 - 10.1109/ICIT.2006.372627
DO - 10.1109/ICIT.2006.372627
M3 - Conference contribution
AN - SCOPUS:51349115281
SN - 1424407265
SN - 9781424407262
T3 - Proceedings of the IEEE International Conference on Industrial Technology
SP - 2735
EP - 2740
BT - 2006 IEEE International Conference on Industrial Technology, ICIT
T2 - 2006 IEEE International Conference on Industrial Technology, ICIT
Y2 - 15 December 2006 through 17 December 2006
ER -