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A Technology Planning Methodology Based on Axiomatic Design Approach

Selection of the technology alternative to implement among many potential ones is a very complex problem. The number of technologies available in the market, potential innovations, technical complexity of products and process, resource requirement for investment, time requirement for a particular innovation all contribute to this complexity. Therefore the need of investing on the most feasible technology requires a multidimensional and systematic approach in the process of technology planning. In this research axiomatic design approach will be used for technology planning in manufacturing. In the methodology, planning problem will be divided into subproblems or self-contained functional elements by decomposition, then the interrelations among these elements will be investigated to find out a feasible technology plan of a firm. A hypothetical example is given to define the methodology