Product development resource allocation with foresight Conference Paper

abstract

• Shortening project duration is critical to product development project success in many industries. As a primary driver of progress and an effective management tool, resource allocation among development activities can strongly influence project duration. Effective allocation is difficult due to the inherent closed loop flow of development work and the dynamic demand patterns of work backlogs. The Resource Allocation Policy Matrix is proposed as a means of describing resource allocation policies in dynamic systems. Simple system dynamics and control theoretic models of resource allocation in a product development context are developed. The control theory model is used to specify a foresighted policy, which is tested with the system dynamics model. The benefits of foresight are found to reduce with increasing complexity. Process concurrence is found to potentially reverse the impact of foresight on project duration. The model structure is used to explain these results and future research topics are discussed. 2003 Elsevier B.V. All rights reserved.

authors

• Ford, David

published proceedings

• EUROPEAN JOURNAL OF OPERATIONAL RESEARCH

altmetric score

• 3

author list (cited authors)

• Joglekar, N. R., & Ford, D. N.

citation count

• 69

complete list of authors

• Joglekar, NR||Ford, DN

publication date

• January 2005

publisher

• Elsevier  Publisher

published in

• European Journal of Operational Research  Journal

keywords

• CONTROL THEORY
• Concurrent Development
• Product Development
• Project Management And Scheduling
• Resource Allocation
• Rework Cycle
• System Dynamics

Digital Object Identifier (DOI)

• 10.1016/j.ejor.2003.06.021

start page

• 72

end page

• 87

volume

• 160

issue

• 1

URL

• http%3A%2F%2Fdx.doi.org%2F10.1016%2Fj.ejor.2003.06.021

user-defined tag

• 9 Industry, Innovation and Infrastructure