2005
DOI: 10.1177/1063293x05050912
|View full text |Cite
|
Sign up to set email alerts
|

Decision Support in Concurrent Engineering – The Utility-Based Selection Decision Support Problem

Abstract: Decisions are an important part of Concurrent Engineering and engineering design in general. Accordingly, more attention should be paid to the means and methods for making these decisions. In this article, a utility-based decision support method for the selection of an engineering design is presented. The utility-based selection decision support problem (u-sDSP) is a synthesized construct that facilitates selection decisions involving trade-offs among multiple, conflicting attributes and mitigation of risk ass… Show more

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
2
1
1
1

Citation Types

0
48
0

Year Published

2008
2008
2022
2022

Publication Types

Select...
4
3
1

Relationship

0
8

Authors

Journals

citations
Cited by 64 publications
(48 citation statements)
references
References 14 publications
0
48
0
Order By: Relevance
“…EU theory is a mathematical method that is used to collapse probability distributions associated with uncertain outcomes into a single EU that is consistent with the risk preferences of an individual. 58 In utility theory, the risk preferences of an individual are captured using a utility function and the most preferred design has the highest EU. 52 Equation (1) shows an example of a utility function that relates an outcome's value (V) to the utility (U) that a person receives.…”
Section: Design Decision-making Under Uncertaintymentioning
confidence: 99%
See 1 more Smart Citation
“…EU theory is a mathematical method that is used to collapse probability distributions associated with uncertain outcomes into a single EU that is consistent with the risk preferences of an individual. 58 In utility theory, the risk preferences of an individual are captured using a utility function and the most preferred design has the highest EU. 52 Equation (1) shows an example of a utility function that relates an outcome's value (V) to the utility (U) that a person receives.…”
Section: Design Decision-making Under Uncertaintymentioning
confidence: 99%
“…This paper deals with normative decision theory using EU theory, as the paper is concerned with optimal choices. EU theory is a mathematical method that is used to collapse probability distributions associated with uncertain outcomes into a single EU that is consistent with the risk preferences of an individual . In utility theory, the risk preferences of an individual are captured using a utility function and the most preferred design has the highest EU .…”
Section: Introductionmentioning
confidence: 99%
“…There has also been work in categorising risks and using this to indicate promising design directions Raine, 2004, 2005). Nonstochastic approaches to risk modelling include inducing regression trees to identify paretooptimal designs (Forouraghi, 1999) and using utility function based approaches for risk mitigation based on designer preferences (Fernandez et al, 2005).…”
Section: Design Model Structurementioning
confidence: 99%
“…Through this feature, the users will be able to quantitatively specify the characteristics based on which the concepts should be evaluated. The underlying construct used for implementing the decision mechanism is the (utility-based) selection Decision Support Problem (sDSP), as reviewed in the literature [6,20] and summarized in words in Table 1. In this context, designers are encouraged to specify their preferences, for example through the definition of scales [6] or multi-attribute utility functions [32], along with the solution-neutral problem description.…”
Section: Collective Concept Selectionmentioning
confidence: 99%