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IJRET: International Journal of Research in Engineering and Technology eISSN: 2319-1163 | pISSN: 2321-7308
_______________________________________________________________________________________
Volume: 04 Issue: 04 | Apr-2015, Available @ http://www.ijret.org 770
A CONCEPT BASED MODEL FOR PRODUCT DEVELOPMENT IN
THE EMERGING MARKET
Navdeep Singh Turna1
, Tejwant Singh Grewal2
1
Assistant Professor, Mechanical Engineering, Chandigarh University, Gharuan, Mohali
2
Assistant Professor, Mechanical Engineering, Chandigarh University, Gharuan, Mohali
Abstract
Emerging market like Asia and Africa are opening a big room of opportunities to do business. The companies which are already
globally recognized have started acknowledging this issue and they are making their product and business strategies according to
the user perceptions of these growing markets. In these markets where the bigger players are already present, how the local
players and new companies can survive and harness the market profits in this competitive environment. This research work
provides a conceptual model which can help the local and new companies in increasing their market share and profits within a
short time period. This model listen’s the voice of customer and it also accounts the market trend, while designing or planning a
product. Multi-factor evaluation process (MFEP) is used in this product development model and an exploratory example of
mobile product is also given to clarify the implementation of this model.
Keywords= Product technical specifications, New product development, Product design strategy, Voice of customer,
Multi- Factor evaluation process (MFEP)
--------------------------------------------------------------------***-----------------------------------------------------------------
1. INTRODUCTION
The nascent market of Asia and Africa have become key
attractions for the well known companies for doing business,
because they know that they have global recognition in the
form of quality, service and reliability so, they can easily
settle down and increase their market share in these
countries. But the consumers of these markets (countries)
look for high value of product at lower cost. The bigger
players spend a lot on the research, development, marketing
and other activities to make their good image among
consumers and to also grab the maximum share of these
markets.
Now, the local companies are facing a huge challenge in
their markets, they have less resources, low budget and their
product design strategies are not strong as the bigger
players. This research provides a „NAV‟ model approach for
designing the new products for local companies in a
competitive environment. The model starts with the
technical benchmarking or customer satisfaction
benchmarking. The list of benchmarked companies and the
benchmarked products are being prepared during this phase.
The benchmarked preferences and priorities are also based
on the user‟s opinion, user feedback and surveys. After
finalizing the products, their technical specifications are
benchmarked.
2. LITERATURE REVIEW
Many a studies are conducted to access the importance of
customer support or customer interaction in new product
development (NPD). (Goffin and New, 2001) found
customer support an must have element for successful
marketing of many products, The customer support
requirements should be evaluated during NPD because a
good product design can make customer support more
efficient and cost effective (Armistead and Lark, 1992).
Customer support plays an important role in increasing the
probability of success of new products (Cooper and
Kleinschmidt, 1993). (Milward and Lewis, 2005) identified
the main barriers to the development of new products in
small manufacturing companies in UK, In their research
they found that the dominant behavior of the owner, more
stress on time and cost than other factors and lack of
understanding of importance of product design were the
main barriers to new product development. (Gangurde and
Akarte, 2012) proposed a multi-criteria decision making
(MCDM) approach to evaluate product design alternatives
in respect to the customer requirements, the mobile phone
example had been used to demonstrate this approach.
(Besharati, et al., 2006) has identified three factors, which
according to them were the most important ones in deciding
the final product configurations. These three factors were,
market demand on the basis of customer‟s preferences,
designer‟s preferences based on his experience, knowledge
& skill and the last one was uncertainty in achieving the
planned design performance. (Mazzoni et al., 2007)
Identified three different categories of customers in mobile
phone segment, naming as “basic user segment”, “value
driven segment” and “techno-fun user segment”. The users
were categorized on the basis of their demand for features.
A crucial decision faced by many companies across the
world is the selection of an optimal mix of product features
to be offered in the target market. Fulfilling the customer‟s
individual requirement through product design
configurations is essentially an optimization problem (Jiao
and Zhang, 2005). (Ostori and Bi, 2010) Proposed fuzzy
models for finalizing the product configurations. Product
IJRET: International Journal of Research in Engineering and Technology eISSN: 2319-1163 | pISSN: 2321-7308
_______________________________________________________________________________________
Volume: 04 Issue: 04 | Apr-2015, Available @ http://www.ijret.org 771
features influence the user‟s intentions while they purchase
a product (Seva et al., 2007). (Dacko, 2000), Studied that a
majority of companies were followers of best in class or
pioneering firms in new and related product markets.
Managers of almost all the companies can avail the benefits
from benchmarking their competitors. It costs high to first
enter in the market and the followers can develop the
product of same range at lower price by making an effective
strategy considering all aspects related to the product
development (Lieberman and Montgomery, 1991).
3. CONCEPTUAL MODEL
On the basis of examination of the extensive literature and
scope of the present research, conceptual model have
prepared and presented in figure 1. The proposed „NAV‟
model is based on Quality function deployment (QFD) tool
presented by Akao in 1972. This model is mainly focused on
accounting the voice of customer in a competitive market,
where bigger players or pioneering firms already exists. The
model is completely defined with a flow chart. It starts with
selection of goal, in this research paper an example of
smartphone is also given, so with this example here our
main aim is to make a smartphone which can survive in a
competitive environment. Next is defining product category,
for example smartphone, budget phone, and feature phone et
cetera. The next step is defining the competitors at initial
stage, so that the company can make their product
accordingly in terms of quality and production. After
selecting the competitors their products of same category
and same range are taken into the account and their
specification are benchmarked. Now we are having the
information regarding each of our competitor‟s products of
same range, this complete information is prepared in a form
of data base. Now the key element voice of customer comes
in the picture, the customer are asked their choices from all
available benchmarked options to decrease the designing
time and to increase the customer satisfaction. Company
does a market analysis to know the current market
scenarios‟ like importance of camera in smartphone and
importance of ram in a Smartphone. According to the
market analysis, company assigns weight to each individual
specification. Then the customer also gave a priority value
to the feature. For finding an optimum solution for the
problem the company does MFEP analysis to select the best
from the alternatives and also to take the voice of customer
in context. The alternative getting highest final weight is
selected for optimization. A complete MFEP analysis is
defined in section 4 and 5 of this paper.
4. RESEARCH METHOD
Multi-factor evaluation process (MFEP) is a quantitative
approach, for example, is recommended in cases where all
of the important criteria can be assigned appropriate
numerical weights and each alternative can be evaluated
quantitatively in terms of these criteria (Render and stairs,
1994). According to (Diep, et al., 2006) MFEP consists of
three steps:
Step 1: List all factors and assign every factor a weight
between 0 and 1;
(0<FWa<1)
Step 2: Factor evaluation
With each factor a, we assess solution b by giving it a
Coefficient value FEab (called evaluation of solution b
under factor a);
Step 3: Total weighted evaluation
TWEb = a
FWa × FEab
Considering the values of TWEb, the best solution is
selected.
5. A SMARTPHONE EXAMPLE
With the MFEP, we start by listing the factors and their
relative importance on a scale from 0 to 1. Let‟s consider an
example. A mobile company is looking at customer review
for various functions of mobile to give full deliverance
according to customer voice and compete in the market.
Company has determined from market research that, the
only four factors really are important according to customer
preferences which are ram, camera, battery life and
processor. Furthermore, company has decided that ram is
the most important to their customer so they assigned it with
a weight of 0.4. What comes next is the camera with a
weight of 0.3, battery life is given an importance weight of
0.2 and the least importance has been given to processor by
allocating the weight of 0.1. Like any MFEP problem, the
total sum of importance weights for factors must be equal to
1
Table-1 Factor Weight
Factor name Factor weight
Ram 0.4
Camera 0.3
Battery life 0.2
Processor 0.1
Total 1
As a hypothetical case the company has asked 3 customers
for each of these reviews regarding a Smartphone. The
customer feedback is then evaluated by given them rating on
a 0 to 1 scale. The customer A has given ram an evaluation
of 0.9, Camera of 0.5, battery life of 0.7 and for processor
0.4. The customers B, given ram an evaluation of 0.7,
Camera of 0.4, battery life of 0.6 and for processor 0.7. The
customers C, given ram an evaluation of 0.9, Camera of 0.8,
battery life of 0.9 and for processor 0.6
Table -2 Factor Evaluations
Factor
name
CUSTOMER
A
CUSTOMER
B
CUSTOMER
C
Ram 0.9 0.7 0.9
Camera 0.5 0.4 0.8
Battery
life
0.7 0.6 0.9
Processor 0.4 0.7 0.6
IJRET: International Journal of Research in Engineering and Technology eISSN: 2319-1163 | pISSN: 2321-7308
_______________________________________________________________________________________
Volume: 04 Issue: 04 | Apr-2015, Available @ http://www.ijret.org 772
Fig -1 NAV Product Specification Model
After accessing the rating given by all three customers, the
individual ratings are multiplied with factor weights
assigned by the company. Given this information, company
can determine a total weighted evaluation for each of the
alternatives. Every customer is given a factor evaluation for
the four factors, after accessing the rating given by all three
customers; the individual ratings are multiplied with factor
weights assigned by the company and summed to get a total
weighted evaluation for each customer view.
Table -3 Evaluation of Customer- A
Factor
name
Factor
weight
Factor
evaluation
Weighted
evaluation
Ram 0.4 0.9 0.36
Camera 0.3 0.5 0.15
Battery
life
0.2 0.7 0.14
Processor 0.1 0.4 0.04
Total 1 0.69
Table -4 Evaluation of Customer- B
Factor
name
Factor
weight
Factor
evaluation
Weighted
evaluation
Ram 0.4 0.7 0.28
camera 0.3 0.4 0.12
Battery life 0.2 0.6 0.12
processor 0.1 0.7 0.07
1 0.59
Table -5 Evaluation of Customer- C
Factor
name
Factor
weight
Factor
evaluation
Weighted
evaluation
Ram 0.4 0.9 0.36
camera 0.3 0.8 0.24
Battery life 0.2 0.9 0.18
processor 0.1 0.6 0.06
1 0.84
PR = PRODUCT
CNF = CONFIGURATIONS
MFEP = MULTI-FACTOR EVALUATION
PROCESS
CUSTOMER‟S RESPONSES
ASKED ON TOTAL AVAILABLE
CONFIGURATIONS WITH THEIR
RECOMMENDED PRIORITY
VALUES
TOTAL AVAILABLE
CONFIGURATIONS
MFEP ANALYSIS
LIST OF SET OF ALTERNATIVES
FINAL WEIGHT OF EACH
ALTERNATIVE SET
SELECTION OF THE FINAL
PRODUCT CONFIGURATION
CNF1 CNF2 CNF3
SET GOAL
DEFINE PRODUCT CATEGORY
DEFINE COMPETITORS
PRODUCTS OF
COMPETITORSDEFINE PRODUCT
CONFIGURATIONS
PR1 PR2 PR3
VOICE OF CUSTOMER
FINALIZED
PRODUCT
CONFIGURATIONS
IJRET: International Journal of Research in Engineering and Technology eISSN: 2319-1163 | pISSN: 2321-7308
_______________________________________________________________________________________
Volume: 04 Issue: 04 | Apr-2015, Available @ http://www.ijret.org 773
6. RESULTS
After observing the results it can be said that, customer A
has received a total weighted evaluation of 0.69. The same
type of analysis is done for customer B and C. The customer
C has received the highest total weighted evaluation of 0.84;
A was next, with a total weighted evaluation of 0.69 and B
got 0.59. Using the multifactor evaluation process,
company‟s decision should be to go with customer C,
because it got the highest total weighted evaluation.
REFERENCES
[1] Akao, Y., (1972), New product development and
quality assurance deployment system (in Japanese),
Standardization and Quality Control 25 (4), 243–246
[2] Armistead, C.G. and Clark, G. (1992), Customer
Service and Support, Pitman, London
[3] Besharati, B., Azarm, S. and Kannan, P.K. (2006), A
decision support system for product design selection:
a generalized purchase modeling approach, Decision
Support Systems, Vol. 42 No. 1, pp. 333-350
[4] Cooper, R.G. and Kleinschmidt, E.J. (1993), Major
new products: what distinguishes the winners in the
chemical industry, Journal of Product Innovation
Management, Vol. 10 No. 2, 90-111
[5] Dacko, S.G., (2000). Benchmarking competitive
responses to pioneering new product introductions,
Benchmarking: An International Journal, Vol. 7 No.
5, 2000, pp. 324-342
[6] Diep, N.N., Lee, S., Lee, Y. K. and Lee, H., (2006),
Contextual Risk-based Access Control, IITA
(Institute of Information Technology Advancement)
(IITA-2006-(C1090-0602- 0002))
[7] Gangurde, S.R., and Akarte, M.M., (2012), Customer
preference oriented product design using AHP-
modified TOPSIS approach, Benchmarking: An
International Journal Vol. 20 No. 4, 2013 pp. 549-564
[8] Goffin, K. and New, C., (2001). Customer support
and new product development - An exploratory stud,
International Journal of Operations & Production
Management, Vol. 21 No. 3, 275-301
[9] Jiao, J. and Zhang, Y. (2005), Product portfolio
planning based on customer-engineering interaction,
IIE Transaction, Vol. 37 No. 9, pp. 801-814.
[10] Lieberman, M.B. and Montgomery, D.B. (1991),
Strategy of market entry: to pioneer or follow? in
Glass, H.E. (Ed.), Handbook of Business Strategy,
2nd ed., Warren, Gorham, and Lamont, Boston, MA.
[11] Mazzoni, C., Castaldi, L. and Addeo, F. (2007),
Consumer behavior in the Italian mobile
telecommunication market, Telecommunications
Policy, Vol. 31 No 10/11, pp. 632-647
[12] Milward, H. and Lewis, A., (2005). Barriers to
successful new product development within small
manufacturing companie, Journal of Small Business
and Enterprise Development, Vol. 12 No. 3, 379-394
[13] Ostrosi, E. and Bi, S.T. (2010), Generalized design
for optimal product configuration, International
Journal of Advanced Manufacturing Technology,
Vol. 49 No 1-4, pp. 13-25
[14] Render, B. & Stair, R. M., Jr. (1994), Quantitative
Analysis for Management, USA: Prentice-Hall, Inc
[15] Seva, R.R., Duh, H.B. and Helander, M.G. (2007),
The marketing implications of affective product
design, Applied Ergonomics, Vol. 38 No. 6, pp. 723-
731
BIOGRAPHIES
Mr. Navdeep Singh is working as
Assistant Professor in Mechanical
Engineering Department at Chandigarh
University, Gharuan, Mohali (Punjab).
He has obtained his Masters of
Engineering in Production & Industrial
Engineering from Thapar University, Patiala. His area of
research is new product development and business process
integration (BPI).
Mr. Tejwant Singh is working as
Assistant Professor in Mechanical
Engineering Department at Chandigarh
University, Gharuan, Mohali (Punjab).
He has obtained his M-Tech in
Mechanical Engineering from Punjabi
University, Patiala. His area of research
is analysis of sensitization in stainless
steel and product development

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A concept based model for product development in the emerging market

  • 1. IJRET: International Journal of Research in Engineering and Technology eISSN: 2319-1163 | pISSN: 2321-7308 _______________________________________________________________________________________ Volume: 04 Issue: 04 | Apr-2015, Available @ http://www.ijret.org 770 A CONCEPT BASED MODEL FOR PRODUCT DEVELOPMENT IN THE EMERGING MARKET Navdeep Singh Turna1 , Tejwant Singh Grewal2 1 Assistant Professor, Mechanical Engineering, Chandigarh University, Gharuan, Mohali 2 Assistant Professor, Mechanical Engineering, Chandigarh University, Gharuan, Mohali Abstract Emerging market like Asia and Africa are opening a big room of opportunities to do business. The companies which are already globally recognized have started acknowledging this issue and they are making their product and business strategies according to the user perceptions of these growing markets. In these markets where the bigger players are already present, how the local players and new companies can survive and harness the market profits in this competitive environment. This research work provides a conceptual model which can help the local and new companies in increasing their market share and profits within a short time period. This model listen’s the voice of customer and it also accounts the market trend, while designing or planning a product. Multi-factor evaluation process (MFEP) is used in this product development model and an exploratory example of mobile product is also given to clarify the implementation of this model. Keywords= Product technical specifications, New product development, Product design strategy, Voice of customer, Multi- Factor evaluation process (MFEP) --------------------------------------------------------------------***----------------------------------------------------------------- 1. INTRODUCTION The nascent market of Asia and Africa have become key attractions for the well known companies for doing business, because they know that they have global recognition in the form of quality, service and reliability so, they can easily settle down and increase their market share in these countries. But the consumers of these markets (countries) look for high value of product at lower cost. The bigger players spend a lot on the research, development, marketing and other activities to make their good image among consumers and to also grab the maximum share of these markets. Now, the local companies are facing a huge challenge in their markets, they have less resources, low budget and their product design strategies are not strong as the bigger players. This research provides a „NAV‟ model approach for designing the new products for local companies in a competitive environment. The model starts with the technical benchmarking or customer satisfaction benchmarking. The list of benchmarked companies and the benchmarked products are being prepared during this phase. The benchmarked preferences and priorities are also based on the user‟s opinion, user feedback and surveys. After finalizing the products, their technical specifications are benchmarked. 2. LITERATURE REVIEW Many a studies are conducted to access the importance of customer support or customer interaction in new product development (NPD). (Goffin and New, 2001) found customer support an must have element for successful marketing of many products, The customer support requirements should be evaluated during NPD because a good product design can make customer support more efficient and cost effective (Armistead and Lark, 1992). Customer support plays an important role in increasing the probability of success of new products (Cooper and Kleinschmidt, 1993). (Milward and Lewis, 2005) identified the main barriers to the development of new products in small manufacturing companies in UK, In their research they found that the dominant behavior of the owner, more stress on time and cost than other factors and lack of understanding of importance of product design were the main barriers to new product development. (Gangurde and Akarte, 2012) proposed a multi-criteria decision making (MCDM) approach to evaluate product design alternatives in respect to the customer requirements, the mobile phone example had been used to demonstrate this approach. (Besharati, et al., 2006) has identified three factors, which according to them were the most important ones in deciding the final product configurations. These three factors were, market demand on the basis of customer‟s preferences, designer‟s preferences based on his experience, knowledge & skill and the last one was uncertainty in achieving the planned design performance. (Mazzoni et al., 2007) Identified three different categories of customers in mobile phone segment, naming as “basic user segment”, “value driven segment” and “techno-fun user segment”. The users were categorized on the basis of their demand for features. A crucial decision faced by many companies across the world is the selection of an optimal mix of product features to be offered in the target market. Fulfilling the customer‟s individual requirement through product design configurations is essentially an optimization problem (Jiao and Zhang, 2005). (Ostori and Bi, 2010) Proposed fuzzy models for finalizing the product configurations. Product
  • 2. IJRET: International Journal of Research in Engineering and Technology eISSN: 2319-1163 | pISSN: 2321-7308 _______________________________________________________________________________________ Volume: 04 Issue: 04 | Apr-2015, Available @ http://www.ijret.org 771 features influence the user‟s intentions while they purchase a product (Seva et al., 2007). (Dacko, 2000), Studied that a majority of companies were followers of best in class or pioneering firms in new and related product markets. Managers of almost all the companies can avail the benefits from benchmarking their competitors. It costs high to first enter in the market and the followers can develop the product of same range at lower price by making an effective strategy considering all aspects related to the product development (Lieberman and Montgomery, 1991). 3. CONCEPTUAL MODEL On the basis of examination of the extensive literature and scope of the present research, conceptual model have prepared and presented in figure 1. The proposed „NAV‟ model is based on Quality function deployment (QFD) tool presented by Akao in 1972. This model is mainly focused on accounting the voice of customer in a competitive market, where bigger players or pioneering firms already exists. The model is completely defined with a flow chart. It starts with selection of goal, in this research paper an example of smartphone is also given, so with this example here our main aim is to make a smartphone which can survive in a competitive environment. Next is defining product category, for example smartphone, budget phone, and feature phone et cetera. The next step is defining the competitors at initial stage, so that the company can make their product accordingly in terms of quality and production. After selecting the competitors their products of same category and same range are taken into the account and their specification are benchmarked. Now we are having the information regarding each of our competitor‟s products of same range, this complete information is prepared in a form of data base. Now the key element voice of customer comes in the picture, the customer are asked their choices from all available benchmarked options to decrease the designing time and to increase the customer satisfaction. Company does a market analysis to know the current market scenarios‟ like importance of camera in smartphone and importance of ram in a Smartphone. According to the market analysis, company assigns weight to each individual specification. Then the customer also gave a priority value to the feature. For finding an optimum solution for the problem the company does MFEP analysis to select the best from the alternatives and also to take the voice of customer in context. The alternative getting highest final weight is selected for optimization. A complete MFEP analysis is defined in section 4 and 5 of this paper. 4. RESEARCH METHOD Multi-factor evaluation process (MFEP) is a quantitative approach, for example, is recommended in cases where all of the important criteria can be assigned appropriate numerical weights and each alternative can be evaluated quantitatively in terms of these criteria (Render and stairs, 1994). According to (Diep, et al., 2006) MFEP consists of three steps: Step 1: List all factors and assign every factor a weight between 0 and 1; (0<FWa<1) Step 2: Factor evaluation With each factor a, we assess solution b by giving it a Coefficient value FEab (called evaluation of solution b under factor a); Step 3: Total weighted evaluation TWEb = a FWa × FEab Considering the values of TWEb, the best solution is selected. 5. A SMARTPHONE EXAMPLE With the MFEP, we start by listing the factors and their relative importance on a scale from 0 to 1. Let‟s consider an example. A mobile company is looking at customer review for various functions of mobile to give full deliverance according to customer voice and compete in the market. Company has determined from market research that, the only four factors really are important according to customer preferences which are ram, camera, battery life and processor. Furthermore, company has decided that ram is the most important to their customer so they assigned it with a weight of 0.4. What comes next is the camera with a weight of 0.3, battery life is given an importance weight of 0.2 and the least importance has been given to processor by allocating the weight of 0.1. Like any MFEP problem, the total sum of importance weights for factors must be equal to 1 Table-1 Factor Weight Factor name Factor weight Ram 0.4 Camera 0.3 Battery life 0.2 Processor 0.1 Total 1 As a hypothetical case the company has asked 3 customers for each of these reviews regarding a Smartphone. The customer feedback is then evaluated by given them rating on a 0 to 1 scale. The customer A has given ram an evaluation of 0.9, Camera of 0.5, battery life of 0.7 and for processor 0.4. The customers B, given ram an evaluation of 0.7, Camera of 0.4, battery life of 0.6 and for processor 0.7. The customers C, given ram an evaluation of 0.9, Camera of 0.8, battery life of 0.9 and for processor 0.6 Table -2 Factor Evaluations Factor name CUSTOMER A CUSTOMER B CUSTOMER C Ram 0.9 0.7 0.9 Camera 0.5 0.4 0.8 Battery life 0.7 0.6 0.9 Processor 0.4 0.7 0.6
  • 3. IJRET: International Journal of Research in Engineering and Technology eISSN: 2319-1163 | pISSN: 2321-7308 _______________________________________________________________________________________ Volume: 04 Issue: 04 | Apr-2015, Available @ http://www.ijret.org 772 Fig -1 NAV Product Specification Model After accessing the rating given by all three customers, the individual ratings are multiplied with factor weights assigned by the company. Given this information, company can determine a total weighted evaluation for each of the alternatives. Every customer is given a factor evaluation for the four factors, after accessing the rating given by all three customers; the individual ratings are multiplied with factor weights assigned by the company and summed to get a total weighted evaluation for each customer view. Table -3 Evaluation of Customer- A Factor name Factor weight Factor evaluation Weighted evaluation Ram 0.4 0.9 0.36 Camera 0.3 0.5 0.15 Battery life 0.2 0.7 0.14 Processor 0.1 0.4 0.04 Total 1 0.69 Table -4 Evaluation of Customer- B Factor name Factor weight Factor evaluation Weighted evaluation Ram 0.4 0.7 0.28 camera 0.3 0.4 0.12 Battery life 0.2 0.6 0.12 processor 0.1 0.7 0.07 1 0.59 Table -5 Evaluation of Customer- C Factor name Factor weight Factor evaluation Weighted evaluation Ram 0.4 0.9 0.36 camera 0.3 0.8 0.24 Battery life 0.2 0.9 0.18 processor 0.1 0.6 0.06 1 0.84 PR = PRODUCT CNF = CONFIGURATIONS MFEP = MULTI-FACTOR EVALUATION PROCESS CUSTOMER‟S RESPONSES ASKED ON TOTAL AVAILABLE CONFIGURATIONS WITH THEIR RECOMMENDED PRIORITY VALUES TOTAL AVAILABLE CONFIGURATIONS MFEP ANALYSIS LIST OF SET OF ALTERNATIVES FINAL WEIGHT OF EACH ALTERNATIVE SET SELECTION OF THE FINAL PRODUCT CONFIGURATION CNF1 CNF2 CNF3 SET GOAL DEFINE PRODUCT CATEGORY DEFINE COMPETITORS PRODUCTS OF COMPETITORSDEFINE PRODUCT CONFIGURATIONS PR1 PR2 PR3 VOICE OF CUSTOMER FINALIZED PRODUCT CONFIGURATIONS
  • 4. IJRET: International Journal of Research in Engineering and Technology eISSN: 2319-1163 | pISSN: 2321-7308 _______________________________________________________________________________________ Volume: 04 Issue: 04 | Apr-2015, Available @ http://www.ijret.org 773 6. RESULTS After observing the results it can be said that, customer A has received a total weighted evaluation of 0.69. The same type of analysis is done for customer B and C. The customer C has received the highest total weighted evaluation of 0.84; A was next, with a total weighted evaluation of 0.69 and B got 0.59. Using the multifactor evaluation process, company‟s decision should be to go with customer C, because it got the highest total weighted evaluation. REFERENCES [1] Akao, Y., (1972), New product development and quality assurance deployment system (in Japanese), Standardization and Quality Control 25 (4), 243–246 [2] Armistead, C.G. and Clark, G. (1992), Customer Service and Support, Pitman, London [3] Besharati, B., Azarm, S. and Kannan, P.K. (2006), A decision support system for product design selection: a generalized purchase modeling approach, Decision Support Systems, Vol. 42 No. 1, pp. 333-350 [4] Cooper, R.G. and Kleinschmidt, E.J. (1993), Major new products: what distinguishes the winners in the chemical industry, Journal of Product Innovation Management, Vol. 10 No. 2, 90-111 [5] Dacko, S.G., (2000). Benchmarking competitive responses to pioneering new product introductions, Benchmarking: An International Journal, Vol. 7 No. 5, 2000, pp. 324-342 [6] Diep, N.N., Lee, S., Lee, Y. K. and Lee, H., (2006), Contextual Risk-based Access Control, IITA (Institute of Information Technology Advancement) (IITA-2006-(C1090-0602- 0002)) [7] Gangurde, S.R., and Akarte, M.M., (2012), Customer preference oriented product design using AHP- modified TOPSIS approach, Benchmarking: An International Journal Vol. 20 No. 4, 2013 pp. 549-564 [8] Goffin, K. and New, C., (2001). Customer support and new product development - An exploratory stud, International Journal of Operations & Production Management, Vol. 21 No. 3, 275-301 [9] Jiao, J. and Zhang, Y. (2005), Product portfolio planning based on customer-engineering interaction, IIE Transaction, Vol. 37 No. 9, pp. 801-814. [10] Lieberman, M.B. and Montgomery, D.B. (1991), Strategy of market entry: to pioneer or follow? in Glass, H.E. (Ed.), Handbook of Business Strategy, 2nd ed., Warren, Gorham, and Lamont, Boston, MA. [11] Mazzoni, C., Castaldi, L. and Addeo, F. (2007), Consumer behavior in the Italian mobile telecommunication market, Telecommunications Policy, Vol. 31 No 10/11, pp. 632-647 [12] Milward, H. and Lewis, A., (2005). Barriers to successful new product development within small manufacturing companie, Journal of Small Business and Enterprise Development, Vol. 12 No. 3, 379-394 [13] Ostrosi, E. and Bi, S.T. (2010), Generalized design for optimal product configuration, International Journal of Advanced Manufacturing Technology, Vol. 49 No 1-4, pp. 13-25 [14] Render, B. & Stair, R. M., Jr. (1994), Quantitative Analysis for Management, USA: Prentice-Hall, Inc [15] Seva, R.R., Duh, H.B. and Helander, M.G. (2007), The marketing implications of affective product design, Applied Ergonomics, Vol. 38 No. 6, pp. 723- 731 BIOGRAPHIES Mr. Navdeep Singh is working as Assistant Professor in Mechanical Engineering Department at Chandigarh University, Gharuan, Mohali (Punjab). He has obtained his Masters of Engineering in Production & Industrial Engineering from Thapar University, Patiala. His area of research is new product development and business process integration (BPI). Mr. Tejwant Singh is working as Assistant Professor in Mechanical Engineering Department at Chandigarh University, Gharuan, Mohali (Punjab). He has obtained his M-Tech in Mechanical Engineering from Punjabi University, Patiala. His area of research is analysis of sensitization in stainless steel and product development