Evaluation and management of new service concepts: An ANP-based portfolio approach

One of the most crucial decisions in service development is concept selection. Nevertheless, little attention has been paid to evaluation of new service concepts (NSCs). This study proposes an analytic network process (ANP) approach to evaluation of NSCs. ANP is a multiple criteria decision making (...

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Published in:Computers & industrial engineering 2010-05, Vol.58 (4), p.535-543
Main Authors: Lee, Hakyeon, Kim, Chulhyun, Park, Yongtae
Format: Article
Language:English
Subjects:
Analytic network process
Concept selection
Customer services
Decision making
Matrix
Multiple criteria decision making
New service concept
New service development
Portfolio management
Preferences
Service engineering
Studies
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description One of the most crucial decisions in service development is concept selection. Nevertheless, little attention has been paid to evaluation of new service concepts (NSCs). This study proposes an analytic network process (ANP) approach to evaluation of NSCs. ANP is a multiple criteria decision making (MCDM) method that can accommodate interdependency among decision attributes. The proposed approach measures feasibility of NSCs in terms of strategy, technology, market, implementation, and operation. The derived feasibility values of NSC alternatives are then employed to construct the NSC portfolio matrix, together with customers’ preference. The NSC portfolio matrix is expected to aid decision making on concept selection and provide managerial implications for service development. A case of the mobile information and entertainment service is presented to illustrate the proposed approach.
doi_str_mv 10.1016/j.cie.2009.11.016
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subjects Analytic network process
Concept selection
Customer services
Decision making
Matrix
Multiple criteria decision making
New service concept
New service development
Portfolio management
Preferences
Service engineering
Studies
title Evaluation and management of new service concepts: An ANP-based portfolio approach
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