Closing the loop between design and market for new product idea screening decisions

被引:6
|
作者
Chan, S. L. [1 ]
Ip, W. H. [1 ]
Kwong, C. K. [1 ]
机构
[1] Hong Kong Polytech Univ, Dept Ind & Syst Engn, Hong Kong, Hong Kong, Peoples R China
关键词
Decision support; New product development; Markov analysis; Customer lifetime value; SUPPORT-SYSTEM; TIME;
D O I
10.1016/j.eswa.2010.12.136
中图分类号
TP18 [人工智能理论];
学科分类号
081104 ; 0812 ; 0835 ; 1405 ;
摘要
We propose a new closed loop approach for product idea screening. The idea success rate, idea performance evaluation, and customer lifetime value (CLV) are integrated. The CLV calculated can be regarded as the final evaluation index used to support idea screening decisions. Project with a larger CLV is preferable for further development. This enables greater market value and profits over the long term after product launch. (C) 2010 Elsevier Ltd. All rights reserved.
引用
收藏
页码:7729 / 7737
页数:9
相关论文
共 50 条
  • [21] Product positioning and pricing decisions in a two-attribute disruptive new market
    Chen, Yuwen
    Ni, John Z.
    IISE TRANSACTIONS, 2020, 53 (03) : 285 - 297
  • [22] STRATEGIC PRODUCT DESIGN DECISIONS FOR UNCERTAIN MARKET SYSTEMS USING AN AGENT BASED APPROACH
    Wang, Z.
    Azarm, S.
    Kannan, P. K.
    PROCEEDINGS OF THE ASME INTERNATIONAL DESIGN ENGINEERING TECHNICAL CONFERENCES AND COMPUTERS AND INFORMATION IN ENGINEERING CONFERENCE 2010, VOL 1, PTS A AND B, 2010, : 291 - 303
  • [23] Closing the Loop after Screening Colonoscopy: Communication Patterns between Gastroenterologists and Primary Care Physicians
    Shah, Brijen
    Parikh, Neil
    Potack, Jonathan
    Jandorf, Lina
    Chokavathia, Sita
    Itzkowitz, Steve
    AMERICAN JOURNAL OF GASTROENTEROLOGY, 2010, 105 : S567 - S567
  • [24] Closing the Feedback Loop Between UX Design, Software Development, Security Engineering, and Operations
    Nguyen, Jessica
    Dupuis, Marc
    PROCEEDINGS OF THE 20TH ANNUAL CONFERENCE ON INFORMATION TECHNOLOGY EDUCATION (SIGITE '19), 2019, : 93 - 98
  • [25] DESIGN CONCEPT SELECTION DECISIONS IN NEW PRODUCT DEVELOPMENT: A COMPARATIVE ANALYSIS
    Goswami, Mohit
    MANAGEMENT RESEARCH AND PRACTICE, 2019, 11 (04): : 34 - 42
  • [26] NEW PRODUCT DEVELOPMENT: FROM IDEA TO MARKET LAUNCH - EVIDENCE FROM KOSOVO BANKING SECTOR
    Hasani, Egzona
    Beqaj, Besim
    EKONOMSKI VJESNIK, 2021, 34 (02): : 491 - 503
  • [27] Optimal Decisions of Closed-Loop Supply Chain Considering Substitution in New and Old Product
    Zhou Yancong
    Sun Junqing
    Li Weiwei
    PROCEEDINGS OF THE 29TH CHINESE CONTROL CONFERENCE, 2010, : 631 - 635
  • [28] Integrating decisions of product and closed-loop supply chain design under uncertain return flows
    Zeballos, Luis J.
    Mendez, Carlos A.
    Barbosa-Povoa, Ana P.
    COMPUTERS & CHEMICAL ENGINEERING, 2018, 112 : 211 - 238
  • [29] Closing the loop between synthesis and design: Helping chemists to use all the information in compound optimization
    Mansley, Tamsin
    Champness, Edmund
    Hunt, Peter
    Chisholm, James
    Leeding, Chris
    Elliott, Alex
    Dowling, Samuel
    Ahmed, Fayzan
    Segall, Matthew
    ABSTRACTS OF PAPERS OF THE AMERICAN CHEMICAL SOCIETY, 2016, 251
  • [30] Closing the loop for PET, PE and PP waste from households: Influence of material properties and product design for plastic recycling
    Eriksen, M. K.
    Christiansen, J. D.
    Daugaard, A. E.
    Astrup, T. F.
    WASTE MANAGEMENT, 2019, 96 : 75 - 85