• Title of article

    Monotonic robust optimal control policies for the time-quality trade-offs in concurrent new product development (NPD)

  • Author/Authors

    A.B. Dragut، نويسنده ,

  • Issue Information
    دوهفته نامه با شماره پیاپی سال 2006
  • Pages
    10
  • From page
    229
  • To page
    238
  • Abstract
    Recent research suggests that new product specifications evolve during its realization. In this paper, we introduce a nonstationary Markovian model that supports the dynamic achievement of the new product definition without precedence constraints, taking into account both market and technological uncertainty. We use lattice programming techniques to prove the existence of a nondecreasing monotonic optimal policy. Thus, we enable a more efficient computation of optimal policies of the Markov decision process. We also prove that the monotonic optimal paths are robust to the variation of key-parameters as the solving rate of the design activities and the safety margin for achieving the new product at the deadline.
  • Keywords
    Nonstationary Markov decision process , Monotonic optimal policy , Robust optimal paths , Stochastic model , New product development
  • Journal title
    Computers and Mathematics with Applications
  • Serial Year
    2006
  • Journal title
    Computers and Mathematics with Applications
  • Record number

    919743