A proposal for including technical failure risk in market-based resource reallocation for spacecraft design [An article from: Reliability Engineering and System Safety]

This digital document is a journal article from Reliability Engineering and System Safety, published by Elsevier in 2007. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.

Description:
This paper summarizes past efforts to use market-based approaches to reallocate resources during the design of space systems, and it proposes an extension to these previous efforts that would include the risk of system failure as a tradable resource. The proposed approach builds from the Cassini Resource Exchange, a method used to allow instrument developers for the Cassini space mission to trade resources among themselves over the life of the project. Market-based design methods offer potential for increased efficiency in engineering design, and small-scale field trials would be a logical step in further testing and improving these approaches.