A cover-based product line selection to manage product line size and product similarity

Jungju Park, Ji Hyoun Lim, Jeonghoon Mo

Research output: Contribution to journalArticle

Abstract

Product line selection is an important decision making for firms who need to balance the consumer satisfaction and the costs of the manufacturing and the maintenance. In this paper, we revisit the product line selection problem using the concept of covering. We first identify a potential issue of the biased product line such that a product line may consist of the products with their specifications similar to each other. It often appears especially when the product line selection is made with the linear consumer utility models. Then, we propose a cover-based product line selection and show that we may resolve the issue with the proposed approach. We illustrate it through the numerical study by finding the optimal product line for the Korean mobile phone industry. Our sensitivity analyses and discussions deepen the understandings of the proposed approach.

Original languageEnglish
Pages (from-to)283-296
Number of pages14
JournalInternational Journal of Industrial Engineering : Theory Applications and Practice
Volume25
Issue number3
Publication statusPublished - 2018 Jan 1

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Telephone lines
Mobile phones
Decision making
Specifications
Costs
Industry

All Science Journal Classification (ASJC) codes

  • Industrial and Manufacturing Engineering

Cite this

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A cover-based product line selection to manage product line size and product similarity. / Park, Jungju; Lim, Ji Hyoun; Mo, Jeonghoon.

In: International Journal of Industrial Engineering : Theory Applications and Practice, Vol. 25, No. 3, 01.01.2018, p. 283-296.

Research output: Contribution to journalArticle

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