An interactive particle swarm optimisation for selecting a product family and designing its supply chain
by S.R. Yadav, Yogesh Dashora, Ravi Shankar, Felix. T.S. Chan, M.K. Tiwari
International Journal of Computer Applications in Technology (IJCAT), Vol. 31, No. 3/4, 2008

Abstract: A platform-based product development with mixed market-modular strategy can maintain product differentiation and help trade-off the cost and price premium drawing capability. This paper formulates a multi-objective problem to select a product family and design its supply chain and uses an Interactive Particle Swarm Optimisation (IPSO) approach. A case study for a wiring harness supplier of an Automated Guided Vehicle (AGV) manufacturer is considered and IPSO is implemented to solve it. The results establish that the platform-based product development serves the purpose of maintaining market diversity with near optimal cost and profits; more explorative insights are concern of future research.

Online publication date: Mon, 05-May-2008

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