Proceedings ArticleDOI
Developing a Capability Function Relating Aircraft Systems Cost Overruns to Aircraft Design Parameters
Christine Fanthorpe,Danielle Soban,Mark Price,Joseph Butterfield +3 more
- pp 1-10
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TLDR
In this paper, a new capability function aimed at accounting for cost overruns and delays upfront within life cycle management procedures is introduced, using gathered data, the main drivers of cost and delay will be identified and their effect on Life Cycle Cost assessed before being included within the new function which aims to achieve the highest economically valuable aircraft and program through the application of value engineering principles.Abstract:
Cost overruns and delays are threatening the economic stability of aerospace programs. In order for programs to be successful overruns in cost and time must be eradicated or managed effectively through realistic Life Cycle Costing methodologies. Being aware of their impact at the earliest stage of development ensures that realistic budgets can be assigned and potential problems can be identified and planned for before they major issues. Using Life Cycle Costing methodologies, the basis of a new capability function aimed at accounting for cost overruns and delays upfront within life cycle management procedures will be introduced. Using gathered data, the main drivers of cost and delay will be identified and their effect on Life Cycle Cost assessed before being included within the new function which aims to achieve the highest economically valuable aircraft and program through the application of value engineering principles.read more
Citations
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Co-Creation in Complex Supply Chains: The Benefits of a Value Driven Design Approach
TL;DR: In this article, the authors highlight the adoption of value-driven design in a traditionally protective domain, such as the aerospace sector, and discuss areas of further research to promote the effective use of the VDD methodology while designing complex engineering systems.
References
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Journal ArticleDOI
Value-Driven Design
TL;DR: The ideas and methods that are current in Value-Driven Design are described, particularly in aerospace and defense, which are using economic theory to transform systems engineering to better utilize optimization.
Defense Acquisitions: Assessments of Selected Weapon Programs
TL;DR: In this paper, the authors assessed 72 major defense acquisition programs and found that most of them did not meet best practice standards for demonstrating mature technologies and design stability before entering the more costly system demonstration phase.
Journal ArticleDOI
Flexibility and the value of on-orbit servicing: New customer-centric perspective
TL;DR: In this paper, a new customer-centric perspective on on-orbit servicing, where the value of onorbit servicing is studied independently from its cost, is proposed, and applications of this framework to both non-proe t and commercial systems are provided that demonstrate the usefulness of this new perspective.