In this paper, we address the product-family design problem of a firm in a market in which customers choose products based on some measure of product performance. By developing products as a family, the firm can reduce the cost of developing individual product variants due to the reuse of a...

Business education around the globe is similar in one aspect that it needs to track the economic developments and train the students with the latest models of operations. The serious faces of the education institutions come only from the high standards of the research and percolation of the same...