2022
DOI: 10.31181/rme2001260122y
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A multi-criteria decision making approach to the new product development process in industry

Abstract: New product development is the process of taking a new idea and turning that idea into an actual product, available on the market. This process includes a number of stages, starting with the product concept and increasingly refining that concept until it becomes the final product and is ready for marketing. The primary function of a Multi-Criteria Decision Making approach is to take the values of a set of criteria and determine an optimal course of action. This research aims to evaluate the significance of u… Show more

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Cited by 21 publications
(11 citation statements)
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“…The outcomes of MCDM models often become unstable because of sudden changes in the governing conditions, such as changes in the criteria set, variations in the weights, selection of the alternatives, and addition/removal of elements of the decision matrix [ 62 , 63 , 64 , 65 , 66 , 67 , 68 ]. Therefore, it is important to carry out a sensitivity analysis (SA) to examine the stability of the solution.…”
Section: Resultsmentioning
confidence: 99%
“…The outcomes of MCDM models often become unstable because of sudden changes in the governing conditions, such as changes in the criteria set, variations in the weights, selection of the alternatives, and addition/removal of elements of the decision matrix [ 62 , 63 , 64 , 65 , 66 , 67 , 68 ]. Therefore, it is important to carry out a sensitivity analysis (SA) to examine the stability of the solution.…”
Section: Resultsmentioning
confidence: 99%
“…e Dombi Bonferroni mean operators of neutrosophic cubic hesitant fuzzy sets will be established. e Dombi exponential laws and Dombi exponential aggregation operators for Pythagorean fuzzy sets and picture hesitant fuzzy sets will be established [51][52][53][54][56][57][58][59][60].…”
Section: Discussionmentioning
confidence: 99%
“…Riaz and Farid [50] established picture fuzzy aggregation approach and applied it to the third-party logistic provider selection process. Several researchers [51][52][53][54], proposed useful techniques and successfully applied their models to solve decision-making problems.…”
Section: Introductionmentioning
confidence: 99%
“…With that said, this study is meant to explore various tools to integrate health and safety, quality management and stewardship systems and controls to improve manufacturing plant standards and business results. It is also important to highlight that the implementation of artificial intelligence and optimization techniques has also been found effective for evaluation, monitoring, and enhancement of quality for various business sectors (Fučić et al, 2022;Kovačić et al, 2022;Mišić et al, 2023;Youssef and Webster, 2022;Wang and Dong, 2023).…”
mentioning
confidence: 99%