A heuristic genetic algorithm for product portfolio planning
A heuristic genetic algorithm for product portfolio planning
复制标题
DOI:
10.1016/j.cor.2005.05.033
复制
发表时间:
2007-06
期刊:
影响因子:
--
通讯作者:
R. Jiao;Y. Zhang;Yi Wang
中科院分区:
文献类型:
--
作者:
R. Jiao;Y. Zhang;Yi Wang
Product portfolio planning has been recognized as a critical decision facing all companies across industries. It aims at the selection of a near-optimal mix of products and attribute levels to offer in the target market. It constitutes a combinatorial optimization problem that is deemed to be NP-hard in nature. Conventional enumeration-based optimization techniques become inhibitive given that the number of possible combinations may be enormous. Genetic algorithms have been proven to excel in solving combinatorial optimization problems. This paper develops a heuristic genetic algorithm for solving the product portfolio planning problem more effectively. A generic encoding scheme is introduced to synchronize product portfolio generation and selection coherently. The fitness function is established based on a shared surplus measure leveraging both the customer and engineering concerns. An unbalanced index is proposed to model the elitism of product portfolio solutions.