Product Portfolio Decision-making Method Based on Multiple Bottlenecks

Abstract

Determining the appropriate product mix solution is one of the important production system decisions for manufacturing companies. Based on the traditional method of identifying bottlenecks in the theory of constraints, this paper proposes a heuristic method that considers all constraints simultaneously and assigns weights to all constraints in five steps to address the infeasibility of the traditional theory of constraints in product mix decisions under multiple resource constraints. The paper also illustrates the feasibility, simplicity and ease of use of the new method through a simulation example.