Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/36153
Title: Share-of-surplus product line optimisation with price levels
Authors: Luo, XG
Zhang, ZC
Kwong, CK 
Tang, JF
Issue Date: 2014
Publisher: Hindawi Publishing Corporation
Source: Mathematical problems in engineering, 2014, 389749 How to cite?
Journal: Mathematical problems in engineering 
Abstract: Kraus and Yano ( 2003) established the share-of-surplus product line optimisation model and developed a heuristic procedure for this nonlinear mixed-integer optimisation model. In their model, price of a product is defined as a continuous decision variable. However, because product line optimisation is a planning process in the early stage of product development, pricing decisions usually are not very precise. In this research, a nonlinear integer programming share-of-surplus product line optimization model that allows the selection of candidate price levels for products is established. The model is further transformed into an equivalent linear mixed-integer optimisation model by applying linearisation techniques. Experimental results in different market scenarios show that the computation time of the transformed model is much less than that of the original model.
URI: http://hdl.handle.net/10397/36153
ISSN: 1024-123X
EISSN: 1563-5147
DOI: 10.1155/2014/389749
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