A Modular Method for Representing Product Life-Cycles

1997 ◽  
Author(s):  
Paul Jackson ◽  
David R. Wallace
Keyword(s):  
Life Cycle ◽  
Product Life Cycle ◽  
Life Cycles ◽  
Time Dependent ◽  
Integrated Network ◽  
General Process ◽  
Product Life ◽  
Product Life Cycles ◽  
Product Demand ◽  
Parameter Values

Abstract This paper describes an approach for modeling product life-cycles to create time-dependent inventories for use in environmental impact assessment. A general process module is defined relating resource inputs and outflows, based upon an embedded mathematical model. Then, a parametric model to represent the average performance of manufacturing processes is proposed and used within modules. Different parameter values may be used to represent a variety of life-cycle processes. Individual modules are combined to form product life-cycle networks. Designers may specify the required system output (product demand) as a function of time and the integrated network calculates the necessary time-dependent resource flows throughout the network.

Modeling Competition over Product Life Cycles

2015 ◽  
Vol 32 (04) ◽  
pp. 1550021 ◽  
Author(s):  
Ka Ching Chan ◽  
Terry M. Mills
Keyword(s):  
Life Cycle ◽  
Product Life Cycle ◽  
Life Cycles ◽  
Valuable Insight ◽  
Mobile Telecommunication ◽  
Product Life ◽  
Market Growth ◽  
Product Life Cycles ◽  
Market Shares ◽  
Different Types

This paper presents a mathematical model, linking the classical Markov models for brand switching and models for product life cycles, to forecast competition analysis and market share. This integrated model can be used to forecast market shares of all competitors, and their market shares, including customers retained, customers gained from market growth, and customers gained from competitors over the product life cycle. Such information provides forecasters with valuable insight about their market positions. The model is generic and can be applied to different types of products and services, under different types and patterns of product life cycle curves. A numerical example on a typical mobile telecommunication industry is used to illustrate the application of the proposed approach.

The Nature of Product Life Cycles for Industrial Goods Businesses

1981 ◽  
Vol 45 (4) ◽  
pp. 97-108 ◽  
Author(s):  
Hans B. Thorelli ◽  
Stephen C. Burnett
Keyword(s):  
Life Cycle ◽  
Growth Rates ◽  
Product Life Cycle ◽  
Market Concentration ◽  
Life Cycles ◽  
Industrial Product ◽  
Product Life ◽  
Market Structures ◽  
Product Life Cycles ◽  
Competitive Entry

This study examined the market structures, performance, and strategies of over 1000 industrial businesses to determine whether and to what extent product life cycle forces were at work. The findings indicated that the growth rates of industrial product-markets are but one aspect of the product life cycle. Other variables exhibiting life cycle behavior included market innovation, market concentration, competitive entry, and spending on R & D and marketing.

Study on life-cycle design for the post mass production paradigm

2000 ◽  
Vol 14 (2) ◽  
pp. 149-161 ◽  
Author(s):  
YASUSHI UMEDA ◽  
AKIRA NONOMURA ◽  
TETSUO TOMIYAMA
Keyword(s):  
Life Cycle ◽  
Mass Production ◽  
Product Life Cycle ◽  
Knowledge Bases ◽  
Life Cycles ◽  
Simulation System ◽  
Product Life ◽  
Cycle Simulation ◽  
Life Cycle Design ◽  
Modular Structures

Environmental issues require a new manufacturing paradigm because the current mass production and mass consumption paradigm inevitably cause them. We have already proposed a new manufacturing paradigm called the “Post Mass Production Paradigm (PMPP)” that advocates sustainable production by decoupling economic growth from material and energy consumption. To realize PMPP, appropriate planning of a product life cycle (design of life cycle) is indispensable in addition to the traditional environmental conscious design methodologies. For supporting the design of a life cycle, this paper proposes a life-cycle simulation system that consists of a life-cycle simulator, an optimizer, a model editor, and knowledge bases. The simulation system evaluates product life cycles from an integrated view of environmental consciousness and economic profitability and optimizes the life cycles. A case study with the simulation system illustrates that the environmental impacts can be reduced drastically without decreasing corporate profits by appropriately combining maintenance, reuse and recycling, and by taking into consideration that optimized modular structures differ according to life-cycle options.

Review of Life Cycle Theories

2008 ◽  
pp. 30-54
Author(s):  
Toru Higuchi ◽  
Marvin Troutt
Keyword(s):  
Life Cycle ◽  
Facility Location ◽  
Product Life Cycle ◽  
New Product ◽  
Life Cycles ◽  
Product Cycle ◽  
Product Life ◽  
Manufacturing Facility ◽  
Manufacturing Facilities ◽  
Industrial Life Cycle

In this chapter, we discuss the life cycle theories related to the business. The concept of the life cycle has been widely used in marketing. The Product Life Cycle (PLC) is the most well-known one, in which the time is divided into four stages based on the change of sales. It is expanded by combining it with the study of the various consumer types. Other life cycles have been developed from the viewpoint of the innovation and manufacturing facility location. The advancement of technology is the driver for the diffusion of a new product. Sometimes it obsoletes a category of products. The location of manufacturing facilities changes according to the market and technology condition as Product Cycle Theory demonstrates. A concept of the industrial life cycle and a linkage between the life cycle and SCM also are argued in this chapter.

Assessing Product Architecture Costing: Product Life Cycles, Allocation Rules, and Cost Models

2004 ◽  
Author(s):  
Sebastian K. Fixson
Keyword(s):  
Life Cycle ◽  
Product Life Cycle ◽  
Life Cycles ◽  
Product Architecture ◽  
Future Research ◽  
Design Decision ◽  
Cost Models ◽  
Product Life ◽  
Allocation Rules ◽  
The Cost

Product families and product platforms have been suggested as design strategies to serve heterogeneous markets via mass customization. Numerous, individual cost advantages of these strategies have been identified for various life cycle processes such as product design, manufacturing, or inventory. However, these advantages do not always occur simultaneously, and sometimes even counteract each other. To develop a better understanding of these phenomena, this paper investigates the cost implications of the underlying design decision: the product architecture choice. The investigation includes factors such as product life cycle phases, allocation rules, and cost models, all of which impact the cost analysis results. Based on this investigation, directions for future research on product architecture costing are provided.

Determinants of Human Resource Management Priorities and Implications for Industrial Relations

1989 ◽  
Vol 15 (1) ◽  
pp. 89-99 ◽  
Author(s):  
Randall S. Schuler ◽  
Susan E. Jackson
Keyword(s):  
Resource Management ◽  
Human Resource Management ◽  
Human Resource ◽  
Product Life Cycle ◽  
Industrial Relations ◽  
Life Cycles ◽  
Competitive Strategies ◽  
Product Life ◽  
Product Life Cycles ◽  
Management Priorities

Increasingly, human resource management (HRM) priorities are being treated as dependent variables. Now in addition to studying HRM priorities and practices as determinants of individual outcomes such as performance or absenteeism, researchers are studying how such conditions as competitive strategies and product life cycles shape HRM priorities. This article describes an empirical test of two major hypotheses regarding how competitive strategies and product life cycles are related to HRM priorities. Briefly, it was hypothesized that human resource management priorities would differ for firms in the growth and maturity stages of the product life cycle and they would differ across firms using the competitive strategies of differentiation and cost-efficiency. Data gatheredfrom 300firms in a variety of industries provide support for the hypotheses.

scholarly journals Considering Product Life Cycle Cost Purchasing Strategy for Solving Vendor Selection Problems

2019 ◽  
Vol 11 (13) ◽  
pp. 3739
Author(s):  
Chien-Wen Shen ◽  
Yen-Ting Peng ◽  
Chang-Shu Tu
Keyword(s):  
Life Cycle ◽  
Life Cycle Cost ◽  
Product Life Cycle ◽  
Economies Of Scale ◽  
Rejection Rate ◽  
Life Cycles ◽  
High Tech ◽  
Vendor Selection ◽  
Product Life ◽  
Strategic Relationships

The framework of product life cycle (PLC) cost analysis is one of the most important evaluation tools for a contemporary high-tech company in an increasingly competitive market environment. The PLC-purchasing strategy provides the framework for a procurement plan and examines the sourcing strategy of a firm. The marketing literature emphasizes that ongoing technological change and shortened life cycles are important elements in commercial organizations. From a strategic viewpoint, the vendor has an important position between supplier, buyer and manufacturer. The buyer seeks to procure the products from a set of vendors to take advantage of economies of scale and to exploit opportunities for strategic relationships. However, previous studies have seldom considered vendor selection (VS) based on PLC cost (VSPLCC) analysis. The purpose of this paper is to solve the VSPLCC problems considering the situation of a single buyer–multiple supplier. For this issue, a new VSPLCC procurement model and solution procedure are derived in this paper to minimize net cost, rejection rate, late delivery and PLC cost subject to vendor capacities and budget constraints. Moreover, a real case in Taiwan is provided to show how to solve the VSPLCC procurement problem.

scholarly journals Formation of marketing strategies for innovative products at separate stages of their life cycle

2021 ◽  
Vol 5 (1) ◽  
pp. 6-16
Author(s):  
Alina Martynenko ◽  
◽  
Petro Pererva ◽  
Keyword(s):  
Life Cycle ◽  
Electric Motor ◽  
Product Life Cycle ◽  
Life Cycles ◽  
Marketing Strategies ◽  
Industrial Products ◽  
Market Conditions ◽  
Product Life ◽  
Product Policy

The aim of the article. In the current market conditions, the main objectives of the product policy of the enterprise are to manage the competitiveness of products, adjusting their life cycles and assortment. For this purpose, the commodity strategy of the enterprise which is directed on achievement by the enterprise of target positions in the market by means of the products should be developed. The product is the subject of many management decisions: it is created, brought to market with the support of various marketing activities, if necessary modified and, if economically feasible, withdrawn from production. The aim of the article is to form marketing strategies for industrial products on the market on the basis of the developed classification of innovative goods depending on the level of their efficiency at separate stages of the product life cycle. Analyses results. The article develops the classification of innovative industrial products depending on the level of their efficiency at the separate stages of the product life cycle. The authors formed the recommended marketing strategies based on the proposed classification of products, depending on the range of levels of efficiency in which the product is. The article also presents the practical use of the developed recommendations on the example of the life cycle of the innovative electric motor of PJSC «Electromotor», which confirms their practical significance and suitability, allowing industrial enterprises to effectively manage their range. The article also builds a graph-analytical model of comprehensive efficiency indicators of an innovative electric motor, which allows to clearly track their dynamics over the entire period of its life cycle. Conclusions and directions for further research. In market conditions, each enterprise must determine the directions of formation and implementation of marketing product policy, taking into account the characteristics of each product. Forming a marketing product policy, the company must work on updating the range and bringing new products to market, because the right strategy for product range management will provide the desired volume of sales and corresponding profits. Thus, due to the proposed classification of goods at different stages of the life cycle, depending on the level of efficiency in which the product is or will be, the company can develop specific marketing strategies and tactics, including research and development (R&D), development of production, selection of sales channels, improvement of forms and methods of advertising, price regulation, development of new ones, modernization of existing and removal of obsolete inefficient products, etc. The use of effective marketing solutions can affect the duration and course of the product life cycle and consequently to achieve maximum profits. Keywords: efficiency, innovative product, product life cycle, marketing strategy, assortment management.

scholarly journals Joint pricing deteriorating inventory model considering product life cycle and advance payment with a discount facility

2020 ◽  
Author(s):  
Abu Hashan Md Mashud ◽  
Dipa Roy ◽  
Yosef Daryanto ◽  
H.M. Wee
Keyword(s):  
Life Cycle ◽  
Inventory Management ◽  
Product Life Cycle ◽  
Life Cycles ◽  
Inventory Model ◽  
Product Life ◽  
Advance Payment ◽  
Product Lifetime ◽  
Total Profit ◽  
Joint Pricing

The product life cycle of a deteriorating product is an important consideration in inventory management. This paper simultaneously investigates the optimum pricing and inventory decisions considering product life cycles under price-dependent demand and advance payment systems with a discount facility. A time-dependent holding cost is also introduced. The objective is to carefully balance the critical decision variables in order to maximize the total profit. Furthermore, the theoretical analysis validates the concavity of the profit function. A numerical example and sensitivity analysis are provided to show the characteristics of the model. The study shows that an advanced payment period, installment numbers, product’s maximum life cycle, purchasing cost and demand function significantly influence the total profit. This inventory model with a known product lifetime and advance payments can provide management insights to inventory manager in his/her strategic planning.

Sign in / Sign up

Export Citation Format

Share Document