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dc.contributor.advisorQi D. Van Eikema Hommes.en_US
dc.contributor.authorMcKellar, Robert W. (Robert William)en_US
dc.contributor.otherSystem Design and Management Program.en_US
dc.date.accessioned2015-12-16T16:35:24Z
dc.date.available2015-12-16T16:35:24Z
dc.date.copyright2015en_US
dc.date.issued2015en_US
dc.identifier.urihttp://hdl.handle.net/1721.1/100380
dc.descriptionThesis: S.M. in Engineering and Management, Massachusetts Institute of Technology, Engineering Systems Division, System Design and Management Program, 2015.en_US
dc.descriptionCataloged from PDF version of thesis.en_US
dc.descriptionIncludes bibliographical references (pages 65-67).en_US
dc.description.abstractIncorporating flexibility into business processes can provide organizations with increased agility to respond to uncertainty within complex product development projects spanning across many years and many organizations. Current methods used for determining value in order to justify associated costs for implementing and maintaining process flexibility are not sufficient in capturing the full worth of flexibilities within processes. A framework is developed which builds upon on prior research to assess value of flexibility within product development processes, combining benefits of rigid constraints with flexible options. Valuation of a simple potential flexibility within an aircraft development project is used to demonstrate the use of the framework in practice and to evaluate strengths and weaknesses of the framework. The method of valuation provides benefit of capturing hidden value that would otherwise be ignored or left on the table and provides further insight into the behavior of the process flexibility in a manner which leads to optimization of that flexibility. However, adoption of the framework is hindered by the skillset required in practice along with the inherent inability to demonstrate its full value, as measured by actual performance.en_US
dc.description.statementofresponsibilityby Robert W. McKellar.en_US
dc.format.extent74 pagesen_US
dc.language.isoengen_US
dc.publisherMassachusetts Institute of Technologyen_US
dc.rightsM.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission.en_US
dc.rights.urihttp://dspace.mit.edu/handle/1721.1/7582en_US
dc.subjectEngineering Systems Division.en_US
dc.subjectSystem Design and Management Program.en_US
dc.titleStaying nimble : a flexible approach to complex product development in a rigid environmenten_US
dc.title.alternativeFlexible approach to complex product development in a rigid environmenten_US
dc.typeThesisen_US
dc.description.degreeS.M. in Engineering and Managementen_US
dc.contributor.departmentMassachusetts Institute of Technology. Engineering Systems Division.en_US
dc.contributor.departmentSystem Design and Management Program.en_US
dc.identifier.oclc932071545en_US


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