An Integrated Aerospace Requirement Setting and Risk Analysis Tool for Life Cycle Cost Reduction and System Design Improvement

In the early conceptual stage of the service orientated model, decisions regarding the design of a new technical product are largely influenced by Service Requirements. Those decisions, therefore, have to merge both technical and business aspects to obtain desired product reliability and reduced Whole Life Cost (WLC). It is, therefore, critical at that phase to define the risk of potential noncompliance of Service Requirements in order to ensure the right design choices; as these decisions have a large impact on the overall product and service development.This paper presents outcome of research project to investigate different approaches used by companies to analyse Service Requirements to achieve reduced Life Cycle Cost (LCC). Analysis using Weibull distribution and Monte Carlo principle have been proposed here; based on the conducted literature review these are considered as the most widely used techniques in product reliability studies. Based on those techniques, a methodology and its software tool for risk evaluation of failure to deliver a new product against Service Requirements are presented in this paper. This is part of the on-going research project which, apart from analysing the gap between the current Service Requirements achievements and the design targets for a new aircraft engine, it also facilitates an optimisation of those requirements at the minimum risk of nonconformity.