..., Domain, Domain relation INTRODUCTION Conceptual design is increasingly and extensively considered to be one of (he most important steps in (he whole product development process. The reason is that more than half of the full life cycle cost is committed, and the quality and performance of products...

... 18 06 2008 This paper outlines a methodology for optimising the multi-domain architecture of a relatively integrated system through an appropriate level of modularisation to maximise societal value created. This method is developed through the application of real options theory...