On Uncertainty, Decision Values and Innovation
(2021) 4th International Conference on Uncertainty in Mechanical Engineering, ICUME 2021 In Lecture Notes in Mechanical Engineering p.252-263- Abstract
This paper contains a description, an alignment and a joint approach for technology readiness development with a three phases support of decision value analyses. The three phases are separated into the decision value forecasting, decision value analysis and the technology value quantification supporting the technological concept formulation and experimental testing, the prototype development and the technology qualification and operation. Decision value forecasting allows technology development guidance by technology performance requirements and the value creation even before the technology development is started. This approach is exemplified with load, damage and resistance information based integrity management of a structure and the... (More)
This paper contains a description, an alignment and a joint approach for technology readiness development with a three phases support of decision value analyses. The three phases are separated into the decision value forecasting, decision value analysis and the technology value quantification supporting the technological concept formulation and experimental testing, the prototype development and the technology qualification and operation. Decision value forecasting allows technology development guidance by technology performance requirements and the value creation even before the technology development is started. This approach is exemplified with load, damage and resistance information based integrity management of a structure and the ranking of the different strategies. The results can be used to guide a technology screening for matching with performance characteristics in terms of precision, cost and employability. Moreover, the first estimate of value creation of the technology for stakeholders, business models and market evaluation is provided.
(Less)
- author
- Thöns, Sebastian LU ; Irman, Arifian Agusta and Limongelli, Maria Pina
- organization
- publishing date
- 2021
- type
- Chapter in Book/Report/Conference proceeding
- publication status
- published
- subject
- keywords
- Decision analysis, Innovation, Technology readiness
- host publication
- Uncertainty in Mechanical Engineering - Proceedings of the 4th International Conference on Uncertainty in Mechanical Engineering, ICUME 2021
- series title
- Lecture Notes in Mechanical Engineering
- editor
- Pelz, Peter F. and Groche, Peter
- pages
- 12 pages
- publisher
- Springer
- conference name
- 4th International Conference on Uncertainty in Mechanical Engineering, ICUME 2021
- conference location
- Virtual, Online
- conference dates
- 2021-06-07 - 2021-06-08
- external identifiers
-
- scopus:85111381092
- ISSN
- 2195-4364
- 2195-4356
- ISBN
- 9783030772550
- 9783030772567
- DOI
- 10.1007/978-3-030-77256-7_20
- language
- English
- LU publication?
- yes
- additional info
- Publisher Copyright: © 2021, The Author(s). Copyright: Copyright 2021 Elsevier B.V., All rights reserved.
- id
- 94e51008-9e1b-4e7d-bdf0-cf7b6bec8a56
- date added to LUP
- 2021-08-09 07:24:52
- date last changed
- 2024-12-29 10:29:16
@inproceedings{94e51008-9e1b-4e7d-bdf0-cf7b6bec8a56,
abstract = {{<p>This paper contains a description, an alignment and a joint approach for technology readiness development with a three phases support of decision value analyses. The three phases are separated into the decision value forecasting, decision value analysis and the technology value quantification supporting the technological concept formulation and experimental testing, the prototype development and the technology qualification and operation. Decision value forecasting allows technology development guidance by technology performance requirements and the value creation even before the technology development is started. This approach is exemplified with load, damage and resistance information based integrity management of a structure and the ranking of the different strategies. The results can be used to guide a technology screening for matching with performance characteristics in terms of precision, cost and employability. Moreover, the first estimate of value creation of the technology for stakeholders, business models and market evaluation is provided.</p>}},
author = {{Thöns, Sebastian and Irman, Arifian Agusta and Limongelli, Maria Pina}},
booktitle = {{Uncertainty in Mechanical Engineering - Proceedings of the 4th International Conference on Uncertainty in Mechanical Engineering, ICUME 2021}},
editor = {{Pelz, Peter F. and Groche, Peter}},
isbn = {{9783030772550}},
issn = {{2195-4364}},
keywords = {{Decision analysis; Innovation; Technology readiness}},
language = {{eng}},
pages = {{252--263}},
publisher = {{Springer}},
series = {{Lecture Notes in Mechanical Engineering}},
title = {{On Uncertainty, Decision Values and Innovation}},
url = {{http://dx.doi.org/10.1007/978-3-030-77256-7_20}},
doi = {{10.1007/978-3-030-77256-7_20}},
year = {{2021}},
}