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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 | Source: | Mathematical problems in engineering, 2014, 389749 | 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. | Publisher: | Hindawi Publishing Corporation | Journal: | Mathematical problems in engineering | ISSN: | 1024-123X | EISSN: | 1563-5147 | DOI: | 10.1155/2014/389749 | Rights: | Copyright © 2014 X. G. Luo et al. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. The following article: Luo, X. G., Zhang, Z. C., Kwong, C. K., & Tang, J. F. (2014). Share-of-surplus product line optimisation with price levels. Mathematical problems in engineering, 2014, is available at https//doi.org/10.1155/2014/389749 |
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