... to support decisions by manufacturers on product mix and by policy makers on proposing standards. A real options model is used for the time delay on investment, redesign, and pricing, integrated with a robust design formulation to optimize expected net present value (ENPV) and net present value (NPV...

... by a relationship table and maturation evaluation in a two-step process. The performance data of the system and its components over time are modeled by simplified Lotka–Volterra equations. The methods developed here allow designers, entrepreneurs, and policy makers to predict the performances of a product and its...

...Shapour Azarm 23 10 2017 23 10 2017 Design Policy Although it has been my privilege and honor to serve as Technical Editor (TE) of the ASME Journal of Mechanical Design (JMD) for the last five years, at the end of December 2017 when my term ends, I will hand over...

... for the product. This study presents and demonstrates the use of a framework for modeling the ways that policies and consumer demand influence optimal product design and, in particular, product quality and environmental sustainability. Employing this model for the tolerance and material design decisions...

... speed in this study) on the optimal energy policy. Fig. 10 Statistical analysis results of wind speed. ( a ) Probability plot and ( b ) histogram fitting. The global quest for energy sustainability has motivated the development of efficiently transforming various renewable natural...