Analysis of the contributions to the performance of a functional product design using simulation
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...
| Main Authors: | , , , |
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| Format: | Article |
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Taylor & Francis
2016
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| Online Access: | https://eprints.nottingham.ac.uk/40380/ |
| _version_ | 1848796042677452800 |
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| author | Reed, Sean Löfstrand, Magnus Karlsson, Lennart Andrews, John |
| author_facet | Reed, Sean Löfstrand, Magnus Karlsson, Lennart Andrews, John |
| author_sort | Reed, Sean |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | 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. |
| first_indexed | 2025-11-14T19:41:42Z |
| format | Article |
| id | nottingham-40380 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| last_indexed | 2025-11-14T19:41:42Z |
| publishDate | 2016 |
| publisher | Taylor & Francis |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-403802020-05-04T17:42:08Z https://eprints.nottingham.ac.uk/40380/ Analysis of the contributions to the performance of a functional product design using simulation Reed, Sean Löfstrand, Magnus Karlsson, Lennart Andrews, John 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. Taylor & Francis 2016-03-11 Article PeerReviewed Reed, Sean, Löfstrand, Magnus, 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 2469-4126 http://www.tandfonline.com/doi/abs/10.1080/09617353.2014.11691005 doi:10.1080/09617353.2014.11691005 doi:10.1080/09617353.2014.11691005 |
| spellingShingle | Reed, Sean Löfstrand, Magnus Karlsson, Lennart Andrews, John Analysis of the contributions to the performance of a functional product design using simulation |
| title | Analysis of the contributions to the performance of a functional product design using simulation |
| title_full | Analysis of the contributions to the performance of a functional product design using simulation |
| title_fullStr | Analysis of the contributions to the performance of a functional product design using simulation |
| title_full_unstemmed | Analysis of the contributions to the performance of a functional product design using simulation |
| title_short | Analysis of the contributions to the performance of a functional product design using simulation |
| title_sort | analysis of the contributions to the performance of a functional product design using simulation |
| url | https://eprints.nottingham.ac.uk/40380/ https://eprints.nottingham.ac.uk/40380/ https://eprints.nottingham.ac.uk/40380/ |