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

Reed, Sean and Löfstrand, Magnus and Karlsson, Lennart and Andrews, John (2016) Analysis of the contributions to the performance of a functional product design using simulation. Safety and Reliability, 34 (2). pp. 41-61. ISSN 0961-7353

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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.

Item Type: Article
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.
Schools/Departments: University of Nottingham, UK > Faculty of Engineering
Identification Number: https://doi.org/10.1080/09617353.2014.11691005
Depositing User: Eprints, Support
Date Deposited: 07 Feb 2017 11:53
Last Modified: 08 Feb 2017 11:54
URI: http://eprints.nottingham.ac.uk/id/eprint/40380

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