A Multiobjective Optimization Approach for Product Line Design

Abstract

Product line design is a key decision area that a product development team has to deal with in the early stages of product development. Previous studies of product line design have focused on single-objective optimization. However, several optimization objectives may be simultaneously pursued, and the solutions that can address the objectives are required in many practical scenarios. In this research, we propose a one-step multiobjective optimization approach for product line design. The proposed optimization model has three objectives: 1) maximizing the market share of a company's products; 2) minimizing the total product development cost of a product line; and 3) minimizing the total product development cycle time. A curve-fitting method is introduced into the part-worth utility models so that the optimization model can be applied to products with level-based attributes and attributes that have continuous values. A multiobjective genetic algorithm is adopted to solve the optimization model, obtaining a set of nondominated solutions. With the solutions, a new product development team can select a preferred solution interactively in a 2-D graph. An example of the optimal design of a product line of digital cameras is used to illustrate the proposed approach.

Cite this work

No public copy is stored for this record, so only the metadata is cited.

Stored only when both papers are in the corpus — 53 citations exist upstream.

Papers that cite the same references — the relational fallback while embeddings are still backfilling.