Profit-Optimizing Product Line Design, Selection and Pricing with Manufacturing Cost Consideration

Author(s):  
Candace Yano ◽  
Gregory Dobson
Author(s):  
Jeremy J. Michalek ◽  
Oben Ceryan ◽  
Panos Y. Papalambros ◽  
Yoram Koren

An important aspect of product development is design for manufacturability (DFM) analysis that aims to incorporate manufacturing requirements into early product decision-making. Existing methods in DFM seldom quantify explicitly the tradeoffs between revenues and costs generated by making design choices that may be desirable in the market but costly to manufacture. This paper builds upon previous work coordinating models for engineering design and marketing product line decision-making by incorporating quantitative models of manufacturing investment and production allocation. The result is a methodology that considers engineering design decisions quantitatively in the context of manufacturing and market consequences in order to resolve tradeoffs, not only among performance objectives, but also between market preferences and manufacturing cost.


2002 ◽  
Vol 124 (3) ◽  
pp. 385-392 ◽  
Author(s):  
Hui Li ◽  
Shapour Azarm

An approach in product line design is presented in which a line of products is selected while accounting for their market potential. In this approach, the product line design selection is viewed as a selection problem with two main stages: design alternative generation and product line design evaluation and selection. The focus of this paper is on the product line design evaluation and selection stage. Issues considered include a large variety of customers’ preferences, market competitions, multiple business goals, uncertainties in several factors that are used for evaluating the design alternatives, and commonality among the alternatives in a product line. Because of the combinatorial nature of the problem, a genetic algorithm is used in the evaluation stage. Product line design selection of a cordless screwdriver is used as a demonstration example. The emphasis in the example is more on the approach and not in the details of the example per se.


Author(s):  
Hui Li ◽  
Shapour Azarm

Abstract An approach for product line design is presented in which a line of products is selected for launching into the market. In the approach, the product line design is viewed as a selection process with two main stages: design alternative generation and design alternative evaluation. The focus of this paper is on the design alternative evaluation stage. Issues considered include a large variety of customer preferences, market competitions, multiple business goals, uncertainty, and commonality among the alternatives in a product line. Because of the combinatorial nature of the problem, genetic algorithms are used in the design evaluation stage. Product line design selection of a cordless screwdriver is used as a demonstration example. However, the emphasis in the example is on the approach and not in the details per se.


Author(s):  
Michail Pantourakis ◽  
Stelios Tsafarakis ◽  
Konstantinos Zervoudakis ◽  
Efthymios Altsitsiadis ◽  
Andreas Andronikidis ◽  
...  

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