Concept selection for market potential using fuzzy selection approach

W. F. Lu, J. Sun, H. T. Loh, C. W. Chua

Research output: Chapter in Book or Report/Conference proceedingConference Proceedingpeer-review

6 Citations (Scopus)

Abstract

One of the biggest challenges in product development is to select the product concept with the best market potential. In this work, a selection methodology is developed utilising fuzzy logic. It is an amalgamation of Pugh Matrix and Utility Scoring approach, with the crisp numerical weights and comparison ratings replaced by linguistic fuzzy functions. Experimental results show that the proposed method can effectively perform concept selection in product development process. This method has the potential to identify the strengths and weaknesses of a few candidate concepts and consider the possibility of adopting the strong aspects and improving on the poor ones.

Original languageEnglish
Title of host publication2008 IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2008
Pages1699-1703
Number of pages5
DOIs
Publication statusPublished - 2008
Externally publishedYes
Event2008 IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2008 - Singapore, Singapore
Duration: 8 Dec 200811 Dec 2008

Publication series

Name2008 IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2008

Conference

Conference2008 IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2008
Country/TerritorySingapore
CitySingapore
Period8/12/0811/12/08

Keywords

  • Concept selection
  • Fuzzy comparison
  • Product development

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