Fuzzy self-tuning differential evolution for optimal product line designFuzzy self-tuning differential evolution for optimal product line design
Peer-Reviewed Journal Publication
Δημοσίευση σε Περιοδικό με Κριτές
2021-03-242020enDesigning a successful product line is a critical decision for a firm to stay competitive. By offering a line of products, the manufacturer can maximize profits or market share through satisfying more consumers than a single product would. The optimal Product Line Design (PLD) problem is classified as NP-hard. This paper proposes a Fuzzy Self-Tuning Differential Evolution (FSTDE) for PLD, which exploits Fuzzy Logic to automatically calculate the parameters independently for each solution during the optimization, thus resulting to a settings-free version of DE. The proposed method is compared to the most successful mutation strategies of the algorithm as well as previous approaches to the PLD problem, like Genetic Algorithm and Simulated Annealing, using both actual and artificial data of consumer preferences. The comparison results demonstrate that FSTDE is an attractive alternative approach to the PLD problem.http://creativecommons.org/licenses/by/4.0/European Journal of Operational Research28731161-1169
Tsafarakis Stelios
Τσαφαρακης Στελιος
Zervoudakis Konstantinos
Ζερβουδακης Κωνσταντινος
Andronikidis Andreas
Altsitsiadis Efthymios
Elsevier
OR in marketing
Product line design
Differential evolution
Self-tuning
Fuzzy logic