Towards a framework for value-driven design in civil aerospace systems: a case study

Value-Driven Design combines economic theory, systems engineering and multi-disciplinary analysis and optimisation to help improve the design of complex systems. An approach to Value-Driven Design is the surplus value theory, which utilises financial measures to act as a scoring function for how muc...

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Bibliographic Details
Main Authors: Cheung, Julie (Author), Scanlan, Jim (Author), Wiseall, Steve (Author)
Format: Article
Language:English
Published: 2009-12-14.
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Summary:Value-Driven Design combines economic theory, systems engineering and multi-disciplinary analysis and optimisation to help improve the design of complex systems. An approach to Value-Driven Design is the surplus value theory, which utilises financial measures to act as a scoring function for how much a design is worth to the operation of an entire system. This is beneficial for design decisionmaking in system trades and technology evaluation. In this paper, a Value-Driven Design methodology is introduced using the surplus value metric and applied to an aerospace system case study.