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Share-of-Surplus Product Line Optimisation with Price Levels
Joint Authors
Luo, Xinggang
Tang, Jiafu
Kwong, C. K.
Zhang, Z. C.
Source
Mathematical Problems in Engineering
Issue
Vol. 2014, Issue 2014 (31 Dec. 2014), pp.1-8, 8 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2014-04-01
Country of Publication
Egypt
No. of Pages
8
Main Subjects
Abstract EN
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.
American Psychological Association (APA)
Luo, Xinggang& Zhang, Z. C.& Kwong, C. K.& Tang, Jiafu. 2014. Share-of-Surplus Product Line Optimisation with Price Levels. Mathematical Problems in Engineering،Vol. 2014, no. 2014, pp.1-8.
https://search.emarefa.net/detail/BIM-468270
Modern Language Association (MLA)
Luo, Xinggang…[et al.]. Share-of-Surplus Product Line Optimisation with Price Levels. Mathematical Problems in Engineering No. 2014 (2014), pp.1-8.
https://search.emarefa.net/detail/BIM-468270
American Medical Association (AMA)
Luo, Xinggang& Zhang, Z. C.& Kwong, C. K.& Tang, Jiafu. Share-of-Surplus Product Line Optimisation with Price Levels. Mathematical Problems in Engineering. 2014. Vol. 2014, no. 2014, pp.1-8.
https://search.emarefa.net/detail/BIM-468270
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-468270