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Analysis of the contributions to the performance of a functional product design using simulation

Reed, Sean; L�fstrand, Magnus; Karlsson, Lennart; Andrews, John

Authors

Sean Reed

Magnus L�fstrand

Lennart Karlsson

JOHN ANDREWS john.andrews@nottingham.ac.uk
Professor of Infrastructure Asset Management



Abstract

Functional products (FP) consist of combined hardware, software and support services that are sold to the customer under performance-based contracts that guarantee a specified level of functional availability. The supplier is responsible for the development, manufacture, support and upgrade of a FP during the contract period. In comparison to a traditional hardware sale only contract, an FP transfers risk from uncertain availability and support costs from the customer to the supplier. This is a major advantage for the customer but means that the supplier must understand and optimise the availability and support costs of a FP design. During product development, simulation can be used to analyse potential FP designs, predict how they will perform and identify possible areas for improvement – providing vital qualitative and quantitative decision support. In this paper, a methodology for analysing a FP design to predict how it will perform and determine the contribution of individual elements of the FP to its overall performance is described. This methodology is then applied to analyse an example of a FP.

Citation

Reed, S., Löfstrand, M., Karlsson, L., & Andrews, J. (in press). Analysis of the contributions to the performance of a functional product design using simulation. Safety and Reliability, 34(2), https://doi.org/10.1080/09617353.2014.11691005

Journal Article Type Article
Acceptance Date Jan 31, 2016
Online Publication Date Mar 11, 2016
Deposit Date Feb 7, 2017
Journal Safety and Reliability
Print ISSN 0961-7353
Electronic ISSN 2469-4126
Publisher Taylor and Francis
Peer Reviewed Peer Reviewed
Volume 34
Issue 2
DOI https://doi.org/10.1080/09617353.2014.11691005
Public URL https://nottingham-repository.worktribe.com/output/780712
Publisher URL http://www.tandfonline.com/doi/abs/10.1080/09617353.2014.11691005
Additional Information This is an Accepted Manuscript of an article published by Taylor & Francis in Safety and Reliability on 11/03/2016, available online: http://www.tandfonline.com/10.1080/09617353.2014.11691005.
Contract Date Feb 7, 2017


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