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Retooling Manufacturing Bridging Design, Materials, and Production (2004) / Chapter Skim
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4 Economic Dimension of Bridging Design and Manufacturing
Pages 70-73

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From page 70...
... Productivity growth is a key factor affecting the accumulation of income and wealth. Understanding the dimensions and challenges associated with bridging design and manufacturing could generate insights into how application of information technology enhances productivity growth.
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From page 71...
... Economic models can estimate the private and social rate of return for investments in virtual design and manufacturing tools and help understand how incentives and organizational structures affect the adoption of virtual design and manufacturing tools. THE COST OF BRIDGING Developing virtual computer simulation of the production process from design conception to product life and disposal would enable a firm to quickly examine multiple designs and the trade-offs between various goals, including performance, cost, and environmental impacts.
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From page 72...
... Feldstein speculates that incentives, work rules, and other institutional constraints may have slowed the adoption and flexible, innovative application of information technology in Europe and Japan. Well-defined case studies are needed in order to examine how incentives affect the creation and adoption of technologies that lead to a more integrated design process.
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From page 73...
... What is the utility function of the design process in terms of trade-offs between cost, fatigue life, flexibility, and other attributes? There are management science tools available to optimize systems with many process and product choices given constraints, technical parameters, and multiple objectives.
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Key Terms

  • bridging design
  • design process
  • design tools
  • engineering tools
  • organizational structures

  • outside vendor
  • computer simulation
  • manufacturing tools
  • various engineering
  • virtual design

  • integrated design
  • underwater vehicle
  • firm involves
  • reduced productivity
  • bridge design

  • substantially larger
  • lock companies
  • technology enhances
  • development teams
  • activity amortized

  • huge cost
  • narrowly confined
  • production process
  • strategic benefits
  • faster productivity

  • comprehensive knowledge
  • encourage firms
  • innovative application
  • invest heavily
  • development cost


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