An empirical approach to resource forecasting in NPD

Research output: Contribution to conferencePaper

Abstract

This paper documents the novel application of fractional factorial Design of Experiments (DoE) to predicting two important components of New Product Development (NPD) planning: resource demand per function and project phase duration. Rather than employing the traditional approaches which consider an uncertain sequence of events and activities or, correlate resource requirements with product characteristics (weight, features, lines of code etc) this model is based on correlations between resource requirements and the characteristics of a project. Results suggest significant improvements to information accuracy, consistency, transparency and timeliness.
Original languageEnglish
Number of pages4
Publication statusPublished - 2 Jun 2012
Event19th International Annual EurOMA Conference - Amsterdam, Netherlands
Duration: 1 Jul 20125 Jul 2012

Conference

Conference19th International Annual EurOMA Conference
CountryNetherlands
CityAmsterdam
Period1/07/125/07/12

Keywords

  • new product development
  • resource planning
  • predictive modelling

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  • Cite this

    Hird, A., Duffy, A. H. B., & Mendibil, K. (2012). An empirical approach to resource forecasting in NPD. Paper presented at 19th International Annual EurOMA Conference, Amsterdam, Netherlands.