This paper contains a model of waste elimination through design. It argues for the importance of managing design complexity in improving cost, quality, variety, and time-to-market performance variables. Management of design complexity is identified with creation, choice, and application of...

This paper contains a model of waste elimination through design. It argues for the importance of managing design complexity in improving cost, quality, variety, and time-to-market performance variables. Management of design complexity is identified with creation, choice, and application of...

The economic theory of technological change is a theory of investment. Agents invest in an activity called research; a black box process returns a value for a variable that shifts the production function. This paper proposes a way to open the black box. It is motivated both by theoretical...