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In a presentation that formalizes what makes up decision based design, Decision Based Design defines the major concepts that go into product realization. It presents all major concepts in design decision making in an integrated way and covers the fundamentals of decision analysis in engineering design. It also trains engineers to understand the impacts of design decision. The author teaches concepts in demand modeling and customer preference modeling and provides examples. This book teaches most fundamental concepts encountered in engineering design like: concept generation,...

Today's business environment involves design decisions with significant uncertainty. To succeed, decision-makers should replace deterministic methods with a risk-based approach that accounts for the decision maker’s risk tolerance. In many problems, it is impractical to collect data because rare or one-time events are involved. Therefore, we need a methodology to model uncertainty and make choices when we have limited information. This methodology must use all available information and rely only on assumptions that are supported by evidence.

This book explains theories and...