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New product development resource forecasting

Hird, Abigail and Mendibil, Kepa and Duffy, Alexander and Whitfield, Robert Ian (2015) New product development resource forecasting. R&D Management. ISSN 0033-6807

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    Abstract

    Forecasting resource requirements for new product development (NPD) projects is essential for both strategic and tactical planning. Sophisticated, elegant planning tools to present data and inform decision-making do exist. However, in NPD, such tools run on unreliable, estimation-based resource information derived through undefined processes. This paper establishes that existing methods do not provide transparent, consistent, timely or accurate resource planning information, highlighting the need for a new approach to resource forecasting, specifically in the field of NPD. The gap between the practical issues and available methods highlights the possibility of developing a novel design of experiments approach to create resource forecasting models.

    Item type:Article
    ID code:54620
    Keywords:novel application, DoE, NPD , planning, Engineering design, Business, Management and Accounting(all), Business and International Management, Strategy and Management, Management of Technology and Innovation
    Subjects:Technology > Engineering (General). Civil engineering (General) > Engineering design
    Department:Faculty of Engineering > Design, Manufacture and Engineering Management
    Depositing user: Pure Administrator
    Date deposited:10 Dec 2015 21:51
    Last modified:05 Feb 2019 15:46
    URI:https://strathprints.strath.ac.uk/id/eprint/54620
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