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Excerpt from New Product Decisions: Information Discounting and Product Selection
The input to the analysis stage is a set of new product proposals that have passed through the elimination grid of the screening process. At the analysis stage the best sub - set of proposed projects must be selected. A sub - set may have to be accepted since financial, managerial, or production constraints may exist in a given time period. The analysis of this selection problem and the development of a mathematical model to aid in solving this problem are the purposes of this paper.
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