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New Product Development (NPD) is a crucial process to maintain the competitiveness of a company in an ever changing market. In the process of developing new products of a high level of innovation, there are various types of risks, which should be properly identified, systematically analyzed, modeled, evaluated and effectively controlled. In this paper, the Bayesian Network (BN) method will be investigated...
New product development (NPD) is a crucial process to keep a company being competitive. However, because of its inherent features, NPD is a process with high risk as well as high uncertainty. To ensure a smooth operation of NPD, the risk involved in the process need to be assessed and the uncertainty should also be addressed properly. Facing these two tasks, in this paper, the critical risk factors...
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