A component selection model for product design
Product design teams often aim to streamline product structures by standardising products' components and their features in order to reduce operations cost and improve productivity. We examine the notion of standardisation of components in product design by formulating a component selection model for the purpose of profit maximisation. The mathematical model proposed in this paper falls under the category of non-linear integer programming, and takes into account revenue, production and inventory costs. Our parametric analysis of a case example concludes that full commonality of components among products does not always maximise profit; furthermore, the optimal solution space is bounded by the minimal-component/minimal-feature and maximal-component/maximal-features cases. The conditions under which these design solutions perform well are identified.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 3 (2011)
Issue (Month): 1 ()
|Contact details of provider:|| Web page: http://www.inderscience.com/browse/index.php?journalID=286|
When requesting a correction, please mention this item's handle: RePEc:ids:injams:v:3:y:2011:i:1:p:30-51. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Darren Simpson)
If references are entirely missing, you can add them using this form.