Design for market systems
From DDL Wiki
The phrase design for market systems (DFMS) refers to a set of tools, methods, and approaches to model and predict the role that markets play in engineering design in order to support informed decision-making and produce better products. DFMS can be considered part of the Design for X toolbox that considers downstream impact of design choices in areas such as:
- consumer demand
- product pricing
- competitor reactions
- retailer decisions
- commodity prices
- economic growth
- public policy
References
- Michalek, Jeremy J., "Design for market systems", Mechanical Engineering Magazine, pages 32-36, November 2008.
- Shiau, Ching-Shin Norman, and Jeremy J. Michalek, "Should Designers Worry About Market Systems?", ASME Journal of Mechanical Design, Volume 131, Issue 1, 011011, January 2009.
- Shiau, Ching-Shin Norman, and Jeremy J. Michalek, "Optimal product design under price competition," ASME Journal of Mechanical Design, Volume 131, Issue 7, 071003, July 2009.
