Design for market systems
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* Michalek, Jeremy J., "[http://memagazine.asme.org/articles/2008/november/Design_Market_Systems.cfm Design for market systems]", ''Mechanical Engineering Magazine'', pages 32-36, November 2008. | * Michalek, Jeremy J., "[http://memagazine.asme.org/articles/2008/november/Design_Market_Systems.cfm Design for market systems]", ''Mechanical Engineering Magazine'', pages 32-36, November 2008. | ||
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| + | * Shiau, Ching-Shin Norman, and Jeremy J. Michalek, "[http://link.aip.org/link/?JMD/131/011011 Should Designers Worry About Market Systems?]", ''Journal of Mechanical Design,'' Volume 131, Issue 1, 011011, January 2009. | ||
Revision as of 15:49, 17 December 2008
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?", Journal of Mechanical Design, Volume 131, Issue 1, 011011, January 2009.
