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| Publications [#319754] of Alexandre Belloni
Papers Published
- Belloni, A; Freund, R; Selove, M; Simester, D, Optimizing product line designs: Efficient methods and comparisons,
Management Science, vol. 54 no. 9
(September, 2008),
pp. 1544-1552, Institute for Operations Research and the Management Sciences (INFORMS) [doi]
(last updated on 2023/06/01)
Abstract: We take advantage of recent advances in optimization methods and computer hardware to identify globally optimal solutions of product line design problems that are too large for complete enumeration. We then use this guarantee of global optimality to benchmark the performance of more practical heuristic methods. We use two sources of data: (1) a conjoint study previously conducted for a real product line design problem, and (2) simulated problems of various sizes. For both data sources, several of the heuristic methods consistently find optimal or near-optimal solutions, including simulated annealing, divide-and-conquer, product-swapping, and genetic algorithms. © 2008 INFORMS.
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