Dimensioning A Product Development Project Portfolio Using A Closed Queueing Network
2018 IEEE INTERNATIONAL CONFERENCE ON INDUSTRIAL ENGINEERING AND ENGINEERING MANAGEMENT (IEEE IEEM)(2018)
摘要
New product development processes are difficult to model as they are subject to high variability and are hard to monitor. In multi-project environments, one particular problem is to quantify the effects of changing the number of projects that run concurrently. In this paper, a closed queueing network model of the flow of projects in a product development system is presented. The model is evaluated using discrete-event simulation. Using a relation between a project's monetary value and the time it spends in the system, an optimal number of concurrent projects is determined. Application of the model and results are shown for a case study of a Danish biotechnology company. Results show, that the value generated by the system can be increased by 17.5 percent by adjusting the total number of concurrent projects and by terminating low-value projects midway. Though the model is tailored to a specific system, it contains many features relevant for new product development systems in general.
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关键词
Discrete-event simulation, Multi-project environment, New Product Development, Project Portfolio Management, Queueing network, Time-to-market
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