Risk Propagation Through a Platform: The Failure Risk Perspective on Platform Sharing

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dc.contributor.authorKang, Chang Mukko
dc.contributor.authorHong, Yoo S.ko
dc.contributor.authorHuh, Woonghee Timko
dc.contributor.authorKang, Wanmoko
dc.date.accessioned2015-11-20T07:22:39Z-
dc.date.available2015-11-20T07:22:39Z-
dc.date.created2015-08-18-
dc.date.created2015-08-18-
dc.date.created2015-08-18-
dc.date.issued2015-08-
dc.identifier.citationIEEE TRANSACTIONS ON ENGINEERING MANAGEMENT, v.62, no.3, pp.372 - 383-
dc.identifier.issn0018-9391-
dc.identifier.urihttp://hdl.handle.net/10203/200635-
dc.description.abstractA product platform is a set of subsystems and interfaces that are commonly shared by a variety of products. Although platform sharing is considered an effective means of cost saving, it also runs the risk of propagating a particular failure across multiple products when the platform is defectively designed. Thus, sharing a common platform effectively can amplify the risk of incurring a large number of failures. In this paper, we formulate a quantitative model for assessing amplified failure risk. Our analysis shows an unexpected result that the platform risk increases as we become more assured of our design capability; i.e., when a defective design rarely happens, the magnitude of risk amplification becomes much larger. The numerical investigation of a platform planning case sheds light on the importance of risk assessment in determining the level of commonality in designing a platform.-
dc.languageEnglish-
dc.publisherIEEE-INST ELECTRICAL ELECTRONICS ENGINEERS INC-
dc.subjectPRODUCT FAMILY DESIGN-
dc.subjectPROJECT RISK-
dc.subjectSAFETY STOCK-
dc.subjectSYSTEMS-
dc.subjectPROBABILITY-
dc.subjectCOMMONALITY-
dc.subjectAPPROPRIATENESS-
dc.subjectMANAGEMENT-
dc.subjectVARIETY-
dc.subjectIMPACT-
dc.titleRisk Propagation Through a Platform: The Failure Risk Perspective on Platform Sharing-
dc.typeArticle-
dc.identifier.wosid000358207000007-
dc.identifier.scopusid2-s2.0-85027924615-
dc.type.rimsART-
dc.citation.volume62-
dc.citation.issue3-
dc.citation.beginningpage372-
dc.citation.endingpage383-
dc.citation.publicationnameIEEE TRANSACTIONS ON ENGINEERING MANAGEMENT-
dc.identifier.doi10.1109/TEM.2015.2427844-
dc.contributor.localauthorKang, Wanmo-
dc.contributor.nonIdAuthorKang, Chang Muk-
dc.contributor.nonIdAuthorHong, Yoo S.-
dc.contributor.nonIdAuthorHuh, Woonghee Tim-
dc.type.journalArticleArticle-
dc.subject.keywordAuthorDecisions under risk and uncertainty-
dc.subject.keywordAuthordecision analysis-
dc.subject.keywordAuthormathematical tools for management of technology-
dc.subject.keywordAuthornew product development process-
dc.subject.keywordAuthorR&amp-
dc.subject.keywordAuthorD management-
dc.subject.keywordPlusPRODUCT FAMILY DESIGN-
dc.subject.keywordPlusPROJECT RISK-
dc.subject.keywordPlusSAFETY STOCK-
dc.subject.keywordPlusSYSTEMS-
dc.subject.keywordPlusPROBABILITY-
dc.subject.keywordPlusCOMMONALITY-
dc.subject.keywordPlusAPPROPRIATENESS-
dc.subject.keywordPlusMANAGEMENT-
dc.subject.keywordPlusVARIETY-
dc.subject.keywordPlusIMPACT-
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