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Journal Article

Design with Uncertain Technology Evolution

2012-04-16
2012-01-0912
A major decision to make in design projects is the selection of the best technology to provide some needed system functionality. In making this decision, the designer must consider the range of technologies available and the performance of each. During the useful life of the product, the technologies composing the product evolve as research and development efforts continue. The performance evolution rate of one technology may be such that even though it is not initially a preferably technology, it becomes a superior technology after a few years. Quantifying the evolution of these technologies complicates the technology selection decision. The selection of energy storage technology in the design of an electric car is one example of a difficult decision involving evolving technologies.
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