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Optimal Ordering of Activities of New Product Development Projects with Time and Cost Considerations
Abstract
This chapter presents a Discrete Multi-objective Particle Swarm Optimization (MOPSO) algorithm that determines the optimal order of activities execution within a design project that minimizes project total iterative time and cost. Numerical Design Structure Matrix (DSM) was used to model project activities’ execution order along with their interactions providing a base for calculating the objective functions. Algorithm performance was tested on a hypothetical project data and results showed its ability to reach Pareto fronts on different sets of objective functions.
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