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speed its convergence. We incorporate several known heuristics into this framework and demonstrate through numerical …
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Conjoint analysis is a statistical technique used to elicit partworth utilities for product attributes from consumers to aid in the evaluation of market potential for new products. The objective of the share-of-choice problem (a common approach to new product design) is to find the design that...
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Product design is increasingly recognized as a critical activity that has a significant impact on the performance of firms. Consequently, when firms undertake a new (existing) product design (redesign) activity, it is important to employ techniques that will generate optimal solutions. As...
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. For three typical formulations of this important problem, Kohli and Sukumar (Kohli, R., R. Sukumar. 1990. Heuristics for … product-line design using conjoint analysis. Management Sci. 36 1464--1478.) present state-of-the-art heuristics to find good … solutions. In this paper, we develop improved heuristics based on a beam search approach for solving these problems. In our …
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