An interactive particle swarm optimisation for selecting a product family and designing its supply chain

  • Authors:
  • S. R. Yadav;Yogesh Dashora;Ravi Shankar;Felix. T. S. Chan;M. K. Tiwari

  • Affiliations:
  • Department of Manufacturing Engineering, National Institute of Foundry and Forge Technology, 834003 Ranchi, India.;Department of Manufacturing Engineering, National Institute of Foundry and Forge Technology, 834003 Ranchi, India.;Department of Management Studies, Indian Institute of Technology, New Delhi, India.;Department of Industrial and Manufacturing Systems Engineering, The University of Hong Kong, Pok Fu Lam Road, Hong Kong.;Department of Industrial Engineering and Management, Indian Institute of Technology, Kharagpur-721302, India

  • Venue:
  • International Journal of Computer Applications in Technology
  • Year:
  • 2008

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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.