A risk simulation and optimization model for selection of new product development projects

Aysenur Budak, Alp Ustundag

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

4 Citations (Scopus)

Abstract

New product portfolio management (NPPM) is the dynamic decision process of evaluating, selecting, prioritizing, and allocating resources to product development projects. The New Product Development (NPD) project decision process deals with uncertain and changing information, dynamic opportunities, several goals and strategic considerations. Stage Gate process is a template that leads a new product project through the various steps from idea to launching and helps manages for the new product development process to improve effectiveness and efficiency. In this study a risk simulation and optimization model is created to select NPD projects by considering three step stage gate concept. In application, the model is applied for a company in portfolio management processes by considering uncertainty.

Original languageEnglish
Title of host publicationUncertainty Modelling in Knowledge Engineering and Decision Making - Proceedings of the 12th International FLINS Conference, FLINS 2016
EditorsJie Lu, Ludovic Koehl, Etienne E. Kerre, Luis Martinez, Xianyi Zeng
PublisherWorld Scientific Publishing Co. Pte Ltd
Pages1049-1055
Number of pages7
ISBN (Electronic)9789813146969
DOIs
Publication statusPublished - 2016
EventUncertainty Modelling in Knowledge Engineering and Decision Making - 12th International Fuzzy Logic and Intelligent Technologies in Nuclear Science Conference, FLINS 2016 - Roubaix, France
Duration: 24 Aug 201626 Aug 2016

Publication series

NameUncertainty Modelling in Knowledge Engineering and Decision Making - Proceedings of the 12th International FLINS Conference, FLINS 2016

Conference

ConferenceUncertainty Modelling in Knowledge Engineering and Decision Making - 12th International Fuzzy Logic and Intelligent Technologies in Nuclear Science Conference, FLINS 2016
Country/TerritoryFrance
CityRoubaix
Period24/08/1626/08/16

Bibliographical note

Publisher Copyright:
© 2016 by World Scientific Publishing Co. Pte. Ltd.

Keywords

  • New product development
  • Portfolio management
  • Risk simulation and optimization
  • Stage gate

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