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SYSTEM VALUE ANALYSIS: MODEL AND EXAMPLE

Published online by Cambridge University Press:  19 June 2023

Emilia Lavi  and
Yoram Reich
Emilia Lavi*
Affiliation:
Tel Aviv University
Yoram Reich
Affiliation:
Tel Aviv University
*
Lavi, Emilia, Tel Aviv University, Israel, [email protected]

Abstract

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Systems design, being a socio-technical discipline, is highly affected by available technologies, the global economy, the state of the environment, and social issues. Hence, in recent years, the ultimate objective of design started to shift from best-performance systems to ones providing value to customers, enterprises, and society. This paper presents a holistic concept of system value, equipping the stakeholders participating in the design process with a broad view of this measure. The contribution of this paper includes a proposal for general system value taxonomy, which can be used as a foundation for a comprehensive, case-specific, system value model (SVM). As an all-round perspective of value is possible only when all stakeholders are represented, we suggest deploying the PSI framework for mapping the relevant stakeholders. The system value analysis of Tesla's Model Y electrical vehicle is demonstrated, as a test case for SVM application. We conclude that a detailed analysis of SVM, performed by a carefully chosen group of diverse stakeholders, highlights less conventionally discussed aspects of the system during design decision processes, hence is expected to improve the system's overall value.

Keywords

Systems Engineering (SE)Design methodologyEvaluationSystem valueValue-oriented systems engineering
Type
Article
Information
Proceedings of the Design Society , Volume 3: ICED23 , July 2023 , pp. 3285 - 3294
Creative Commons
Creative Common License - CCCreative Common License - BYCreative Common License - NCCreative Common License - ND
This is an Open Access article, distributed under the terms of the Creative Commons Attribution-NonCommercial-NoDerivatives licence (http://creativecommons.org/licenses/by-nc-nd/4.0/), which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is unaltered and is properly cited. The written permission of Cambridge University Press must be obtained for commercial re-use or in order to create a derivative work.
Copyright
The Author(s), 2023. Published by Cambridge University Press

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