A multi-objective tabu search algorithm for product portfolio selection: A case study in the automotive industry

Alfieri, Arianna; Castiglione, Claudio; Pastore, Erica

doi:10.1016/j.cie.2020.106382

Cited by 18 publications

(8 citation statements)

References 56 publications

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“…Design knowledge can be systematically retained and managed through the use of CBR. Alternatively, some studies investigated the problem of new-product portfolio selection to facilitate planning the number of units per variant allocated in a given period, where the multi-objective tabu search algorithm can be applied accordingly [16]. Effective product portfolio selection is essential to reduce the perceived risks in the supply chain and manufacturing processes [17].…”

Section: Intelligent Methods For Portfolio Configuration and Managementmentioning

confidence: 99%

Transfer-Learning-Based Opinion Mining for New-Product Portfolio Configuration over the Case-Based Reasoning Cycle

Li¹,

Lee²

2022

Applied Sciences

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Due to the ever-changing business environment, enterprises are facing unprecedented challenges in their new-product development (NPD) processes, while the success and survival of NPD projects have become increasingly challenging in recent years. Thus, most enterprises are eager to revamp existing NPD processes so as to enhance the likelihood of new products succeeding in the market. In addition to the determination of sustainable new-product ideas and designs, new-product portfolio management (NPPM) is an active research area for allocating adequate resources to boost project development, while projects that perform poorly can be terminated. Since the existing new-product portfolio configuration is manually decided, this study explores the possibility of standardising NPPM, particularly the configuration mechanism, in a systematic manner. Subsequently, case-based reasoning can be applied to structure the entire NPPM process, in which past knowledge and successful cases can be used to configure new projects. Furthermore, customer feedback was analyzed using the transfer-learning-based text classification model in the case-retrieval process to balance the values of enterprises and customers. A new-product portfolio was therefore configured to facilitate NPPM under an agile–stage-gate model. To verify the effectiveness of the proposed system, a case study in a printer manufacturing company was conducted, where positive feedback and performances were found.

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Section: Intelligent Methods For Portfolio Configuration and Managementmentioning

confidence: 99%

Transfer-Learning-Based Opinion Mining for New-Product Portfolio Configuration over the Case-Based Reasoning Cycle

Li¹,

Lee²

2022

Applied Sciences

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“…The automotive industry has switched from mass produc-tion to MC to meet customer expectations better [5]. However, it increases the complexity and diversity of end-products that drive many commonalities and significant differences [9]. This case can also be applied to the subject company.…”

Section: A Analysis Phasementioning

confidence: 99%

“…This situation generates Bill-of-Materials (BoM) for each product with its components [7]. Furthermore, because a car is the result of an assembly of hundreds of components, it has exploded a variety of components that far outstrips actual production volume [8,9]. Therefore, handling Material Resource Planning (MRP) related to materials and components becomes a complex issue with increasing variability.…”

Section: Introductionmentioning

confidence: 99%

Integrated Information System of Material Resource Planning and Supply Chain Procurement: A Case Study of XYZ Company

Wijaya¹,

Sari²,

Supriatna³

2022

CommIT (Communication and Information Technology) Journal

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Human errors are inevitable due to the mass customization and complex supply chain, which must be considered in the Material Resource Planning (MRP) explosion calculation and the Supply Chain Procurement (SCP) distribution of sales orders. Such errors lead to SCP problems with the subject company. The research presents the design and implementation of an integrated information system of MRP and SCP. The objective is to solve the issues in the subject company by designing and implementing an Integrated Information System (IIS) framework with an open-source software platform, which utilizes a generic Bill-of-Materials (BoM) explosion algorithm to calculate the MRP of customers’ sales orders. Then, an algorithm is also proposed to calculate SCP distribution to enable the framework in the implementation stage. The research subject is the process business in Indonesia’s local Original Equipment Manufacturer (OEM) for automotive components. The name of the company is concealed to be XYZ Company. The calculation is introduced in the testing phase to illustrate the algorithm’s mechanism. This approach ensures a valid calculation of efficient supply chain processes. The combined approaches in the subjected business process yield satisfactory results. It reduces significant issues to 12.5% for the stated problems. Hence, the design objective is achieved.

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“…Shorter product life cycles, increasingly complex networked products and a volatile business environment are increasing the challenge of the future robust development of products (Alfieri et al, 2020). Future-robust development is a key activity for companies to be successful in the long term (Cooper and Edgett, 1999).…”

Section: Introductionmentioning

confidence: 99%

Future-robust product portfolio development: insights into the advancement of product portfolios in companies – an interview study

Schlegel,

Just,

Wiederkehr

et al. 2024

Proc. Des. Soc.

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A volatile environment and an increasing number of products along with a growing range of functions pose a challenge for companies when it comes to further development. Existing methods are no longer sufficient to cope with these challenges. In order to develop new methods, the process and challenges in the advancement of product portfolios must be understood. In this paper we conduct an interview study with ten experts to gain a better understanding of the advancement of product portfolios. Triggers, changes and actions are examined and goals and requirements for new methods are derived.

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A multi-objective tabu search algorithm for product portfolio selection: A case study in the automotive industry

Cited by 18 publications

References 56 publications

Transfer-Learning-Based Opinion Mining for New-Product Portfolio Configuration over the Case-Based Reasoning Cycle

Transfer-Learning-Based Opinion Mining for New-Product Portfolio Configuration over the Case-Based Reasoning Cycle

Integrated Information System of Material Resource Planning and Supply Chain Procurement: A Case Study of XYZ Company

Future-robust product portfolio development: insights into the advancement of product portfolios in companies – an interview study

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