The Simulation of Implications of Sensor Technology on the New Product Development to Solve Lot-Sizing Problems with Fuzzy Approach. (13th August 2020)
- Record Type:
- Journal Article
- Title:
- The Simulation of Implications of Sensor Technology on the New Product Development to Solve Lot-Sizing Problems with Fuzzy Approach. (13th August 2020)
- Main Title:
- The Simulation of Implications of Sensor Technology on the New Product Development to Solve Lot-Sizing Problems with Fuzzy Approach
- Authors:
- Gaol, Ford Lumban
Matsuo, Tokuro - Other Names:
- Ahmed Ghufran Academic Editor.
- Abstract:
- Abstract : Implications of sensor technology on new product introduction requires critical decisions on divergent marketing and operational aspects. In this paper, we employed the Bass model for a new product that used the sensor technology diffusion from the perspective of the Wagner-Whitin lot-sizing model which discusses this matter related to suitability of sensor technology on the market and operational dimensions. The objective of this study is to propose an uncertain fuzzy approach to specify the new product that applied the sensor technology introduction's optimum time, price, production scheduling, and rate simultaneously. This model will be applied to analyze the impact of sensor technology diffusion on the market acceptance and some operational parameters, for instance, total customer population, price elasticities, startup and maintenance costs, the unit's variable cost and research and development costs on optimized benefit, and the product's optimized lifespan. In this experiment, we have inspiration from the version of the Sale et al. (2017) model which considers uncertainty by using fuzzy triangular numbers and performing the alpha cut method. Moreover, in this research, variable cost is considered as a Cobb-Douglas function. Initially, in Research Methodology, mathematical modeling is applied, wherein utilizing simulation and the experimental design method, data were generated. Eventually, using LINGO optimization software, the problem was solved, and forAbstract : Implications of sensor technology on new product introduction requires critical decisions on divergent marketing and operational aspects. In this paper, we employed the Bass model for a new product that used the sensor technology diffusion from the perspective of the Wagner-Whitin lot-sizing model which discusses this matter related to suitability of sensor technology on the market and operational dimensions. The objective of this study is to propose an uncertain fuzzy approach to specify the new product that applied the sensor technology introduction's optimum time, price, production scheduling, and rate simultaneously. This model will be applied to analyze the impact of sensor technology diffusion on the market acceptance and some operational parameters, for instance, total customer population, price elasticities, startup and maintenance costs, the unit's variable cost and research and development costs on optimized benefit, and the product's optimized lifespan. In this experiment, we have inspiration from the version of the Sale et al. (2017) model which considers uncertainty by using fuzzy triangular numbers and performing the alpha cut method. Moreover, in this research, variable cost is considered as a Cobb-Douglas function. Initially, in Research Methodology, mathematical modeling is applied, wherein utilizing simulation and the experimental design method, data were generated. Eventually, using LINGO optimization software, the problem was solved, and for further examinations considering the existence of various parameters, design of experiment (DoE) by Design-Expert 8 software and response surface methodology was adopted to analyze and optimize the problem's parameters. The results indicated that the objective function's climax occurs when the higher limit of alpha being 0.7 is assumed; hence, the optimum state of demand belongs to this amount of alpha. … (more)
- Is Part Of:
- Journal of sensors. Volume 2020(2020)
- Journal:
- Journal of sensors
- Issue:
- Volume 2020(2020)
- Issue Display:
- Volume 2020, Issue 2020 (2020)
- Year:
- 2020
- Volume:
- 2020
- Issue:
- 2020
- Issue Sort Value:
- 2020-2020-2020-0000
- Page Start:
- Page End:
- Publication Date:
- 2020-08-13
- Subjects:
- Detectors -- Periodicals
681.205 - Journal URLs:
- https://www.hindawi.com/journals/js/ ↗
- DOI:
- 10.1155/2020/3503895 ↗
- Languages:
- English
- ISSNs:
- 1687-725X
- Deposit Type:
- Legaldeposit
- View Content:
- Available online (eLD content is only available in our Reading Rooms) ↗
- Physical Locations:
- British Library HMNTS - ELD Digital store
- Ingest File:
- 14381.xml