A grand model for chemical product design

Product design: A pricing framework accounting for product quality and consumer awareness

“…1,2 As shown in Figure 1, it shows how one aspect leads to another. It covers a much broader scope than chemical process design, which only considers how to make.…”

“…Instead of focusing on the design procedure for a specific product or class of products, a generic approach to product design has been formulated by Bernardo and Saraiva 9 as the inversion of three design functions: quality, property, and process functions. He developed a pricing model that accounts for consumer preference and awareness of a new (either completely new or improved) product (n) in comparison to a competing product (c) p n d n 12q 5 a b q p c Y2p n d n p c 12q (1) and b5 H c H n (2) where p n (p c ) and d n (d c ) represent the price and demand of the new (competing) product, respectively, a represents how much the consumer is aware of the superiority of the new product, b is the ratio of the overall product preference for competitor's product (H c ) to that of the new product (H n ), Y is market size, and q is a parameter less than or equal to unity. Bagajewicz 11 led the way to investigate the role of microeconomics in chemical product design.…”

“…The interrelated aspects of product design have been captured in the Grand Product Design Model. 1,2 As shown in Figure 1, it shows how one aspect leads to another. Starting at the top of Figure 1, product ingredients and process design lead to material properties and product structure.…”

“…Bagajewicz 11 led the way to investigate the role of microeconomics in chemical product design. He developed a pricing model that accounts for consumer preference and awareness of a new (either completely new or improved) product (n) in comparison to a competing product (c) p n d n 12q 5 a b q p c Y2p n d n p c 12q (1) and b5 H c H n (2) where p n (p c ) and d n (d c ) represent the price and demand of the new (competing) product, respectively, a represents how much the consumer is aware of the superiority of the new product, b is the ratio of the overall product preference for competitor's product (H c ) to that of the new product (H n ), Y is market size, and q is a parameter less than or equal to unity. The preference function is in turn related to product specifications such as product ingredient type and concentrations.…”

Product design: Nanoparticle‐Loaded polyvinyl butyral interlayer for solar control

“…13 The relationships among the design tasks such as ingredient selection, process design, pricing, supply chain analysis, and so on are elucidated in the Grand Product Design Model that, along with the framework elements, provides a platform for multiobjective optimization in product design. 14 As design thinking of chemical products matures, it is clear that this body of knowledge in systems engineering needs to interface with basic engineering sciences to drive the conceptualization of innovative chemical products. This is illustrated in Figure 1, which shows how a product D in a given market sector (smart home in this case) is developed.…”