A nonlinear multi objective model for the product portfolio optimization: An integer programming

Authors

  • Nahid Dorostkar-Ahmadi Department of industrial management, faculty of economy, management and official science, Semnan university, Iran
Abstract:

Optimization of the product portfolio has been recognized as a critical problem in industry, management, economy and so on. It aims at the selection of an optimal mix of the products to offer in the target market. As a probability function, reliability is an essential objective of the problem which linear models often fail to evaluate it. Here, we develop a multiobjective integer nonlinear constraint model for the problem. Our model provides opportunities to consider the knowledge transferring cost and the environmental effects, as nowadays important concerns of the world, in addition to the classical factors operational cost and reliability. Also, the model is designed in a way to simultaneously optimize the input materials and the products. Although being to some extent complicated, the model can be efficiently solved by the metaheuristic algorithms. Finally, we make some numerical experiments on a simulated test problem.

Upgrade to premium to download articles

Sign up to access the full text

Already have an account?login

similar resources

designing a multi-objective stochastic programming model for portfolio selection

in traditional portfolio selection model coefficients often are certain and deterministic, but in real world these coefficients are probabilistic. so decision maker cannot estimate them exactly. financial optimization is one of the most attractive areas in decision under uncertainty. in the portfolio selection problem the decision maker considers simultaneously conflicting objectives such as ra...

full text

A multi objective mixed integer programming model for design of a sustainable meat supply chain network

In the recent decades, rapid population growth has led to the significant increase in food demand. Food supply chain has always been one of the most important and challenging management issues. Product with short age, especially foodstuffs, is the most problematic challenges for supply chain management. These challenges are mainly due to the diversity in the number of these goods, the special n...

full text

Developing a multi objective possibilistic programming model for portfolio selection problem

Portfolio selection problem is one of the most important issues in the area of financial management in which is attempted to allocate wealth to different assets with controlling the return and risk. The aim of this paper is to obtain the optimum portfolio with regard to the cardinality and threshold constraints. In the paper, a novel multi-objective possibilistic programming model is developed ...

full text

A Multi - Objective Integer Programming Framework For Product Design

This paper describes a modeling framework for product design that facilitates the incorporation of both engineering and strategic considerations at the design stage. We rst develop an abstract representation of a generic product, an AND/OR tree, that is context-independent and can be used to model a wide variety of products in di erent application settings. We show how this representation leads...

full text

A MULTI-OBJECTIVE OPTIMIZATION MODEL FOR PROJECT PORTFOLIO SELECTION CONSIDERING AGGREGATE COMPLEXITY: A CASE STUDY

Existing project selection models do not consider the complexity of projects as a selection criterion, while their complexity may prolong the project duration and even result in its failure. In addition, existing models cannot formulate the aggregate complexity of the selected projects. The aggregated complexity is not always equal to summation of complexity of projects because of possible syne...

full text

A Multi-Objective Programming Model for Disaster Preparedness Planning

Nowadays, the necessity of accurate quantitative decision support methods is becoming a critical subject for managers as rivalry between organizations caused a more fragile economic environment and brand reputation is becoming more important. Furthermore, dealing with incidents after they happened is not accepted by customers anymore. Managers require powerful decision making tools to support t...

full text

My Resources

Save resource for easier access later

Save to my library Already added to my library

{@ msg_add @}


Journal title

volume 9  issue 2

pages  231- 239

publication date 2018-12-29

By following a journal you will be notified via email when a new issue of this journal is published.

Hosted on Doprax cloud platform doprax.com

copyright © 2015-2023