Product Portfolio Decision-making Method Based on Multiple Bottlenecks

DOI

10.2991/aebmr.k.210803.055How to use a DOI?

Keywords

Bottleneck identification, Product mix, TOC (theory of constraints), LP (linear programming), Heuristic method

Abstract

Determining the appropriate product mix solution is one of the important production system decisions for manufacturing companies. Based on the traditional method of identifying bottlenecks in the theory of constraints, this paper proposes a heuristic method that considers all constraints simultaneously and assigns weights to all constraints in five steps to address the infeasibility of the traditional theory of constraints in product mix decisions under multiple resource constraints. The paper also illustrates the feasibility, simplicity and ease of use of the new method through a simulation example.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Lipeng Wang
AU  - Chunqi Li
PY  - 2021
DA  - 2021/08/04
TI  - Product Portfolio Decision-making Method Based on Multiple Bottlenecks
BT  - Proceedings of the  1st International Symposium on Innovative Management and Economics (ISIME 2021)
PB  - Atlantis Press
SP  - 412
EP  - 416
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210803.055
DO  - 10.2991/aebmr.k.210803.055
ID  - Wang2021
ER  -