OntheExchange ofInformation inCollaborative Product Development
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We develop adynamic programming (DP)model design tasks) thatmakedecisions undertime-andbudget- oftheproduct development (PD)process. We conceptualize PD constraints (7), (3). Thecoretradeoff inallthese models is asasequence ofdecisions: whether toincorporate a piece of tostrike abalance between thetimespent onworking alone information thatjust arrived (i.e. becameavailable) or wait os a balance tween thetimespentonmwork ing longer. Weutilize this formulation toderive optimal decision rulesonaspecific design taskversus thetmespentcommunicahtng todetermine whether (andwhen) toincorporate newly available withother designers. Whilecommunication reduces thechance information inanarchetypal situation inPD.Themanagerial offuture rework, itprevents designers fromspending time implications arediscussed withseveral numerical examples.onactually performing their job.Theobjective function in
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