Conference Session

Engineering Economics New Frontiers

Collection

2015 ASEE Annual Conference & Exposition

Authors

Oscar M. Bonilla, Baruch College of the City University of New York; Donald N. Merino P.E., Stevens Institute of Technology (SES)

Tagged Divisions

Engineering Economy

fourdomains are the foundation blocks of the DFC model and each component of the modeldeliberately addresses the individual factors through a series of engineering, financial andoperational strategies that are combined in a comprehensive systems approach.Design for Commercialization (DFC)Many people think of commercialization as the final stage of a neat, linear process of innovation.They think in terms of someone with an idea in a laboratory, and imagine that, step by step, theidea matures into a product, service or process that enters the marketplace (Expert Panel onCommercialization, 2006)4.Commercialization is a complex, integrated system anchored in the world of business. It hasmany components that come together in different ways. Each