Design for market systems

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== References ==
== References ==
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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.
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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.
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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?]", ''ASME Journal of Mechanical Design'', Volume 131,  Issue 1, 011011, January 2009.
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* 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.

Current revision

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.
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