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In recent years, the residential and transportation sectors have made significant strides in reducing energy consumption, mainly by focusing efforts on low-hanging fruit in each sector independently. This independent viewpoint has been successful in the past because the user needs met and resources consumed in each sector have been clearly distinct. However, the trend towards vehicle electrification has blurred the boundary between the sectors. With both the home and vehicle now relying upon the same energy source, interactions between the systems can no longer be neglected. For example, when tiered utility pricing schemes are considered, the energy consumption of each system affects the cost of the other. In this paper, the authors present an integrated Home-Vehicle Simulation Model (HVSM), allowing the designer to take a holistic view.

Although the design phase can account for a sizable amount of the resources consumed during the product realization process, the time and costs associated with the design process are often neglected when making design decisions. To investigate this issue, we define a process-centric decision model in which the design-phase consumption of resources, such as time and money, is explicitly modeled. While it is clear that the utility of a design is almost always directly impacted by the monetary costs of the design process, our decision model also accounts for the fact that the profit earned by a product depends strongly on its launch date. The decision model allows us thus to consider the trade-off between the time necessary for analysis and the improvement in product quality that results from the analysis. The decision model is sufficiently generic that almost any set of beliefs about the alternatives or analyses, as well as any utility-based preference structure can be modeled.