Linking creativity measurements to product market favorability: A data-mining approach

E. Lopez B. Christian, Xuan Zheng, Scarlett R. Miller

Research output: Chapter in Book/Report/Conference proceedingConference contribution

3 Citations (Scopus)

Abstract

While creative ideas can lead to market success and payoff, they are also associated with high risks and uncertainties. One way to reduce these uncertainties is to provide decision makers with valuable information about the innovative potential and future success of an idea. Even though several metrics have been proposed in the literature to evaluate the creativity of early design-stage ideas, these metrics do not provide information about the future product success or market favorability of new product ideas. Hence, existing metrics fail to link the creativity of early-stage ideas to their future market favorability. In order to bridge this gap, the current work proposes a new metric to estimate early design-stage ideas' favorability and analyzes its relationship with current creativity metrics. A data-mining driven method to assess the future favorability of new product ideas using customers' reviews of current market products that shared similar features with the new ideas of interest is presented. The results suggest that the new product idea favorability is positively correlated with relative creativity metrics and existing product market favorability ratings. This method can be used to help designers gain a better insight into the creativity and market favorability potential of new product ideas in early design-stages via a systematic approach; hence, helping reduce the risks and uncertainties associated with earlyphase ideas during the screening and selecting process.

Original languageEnglish (US)
Title of host publication43rd Design Automation Conference
PublisherAmerican Society of Mechanical Engineers (ASME)
ISBN (Electronic)9780791858127
DOIs
StatePublished - Jan 1 2017
EventASME 2017 International Design Engineering Technical Conferences and Computers and Information in Engineering Conference, IDETC/CIE 2017 - Cleveland, United States
Duration: Aug 6 2017Aug 9 2017

Publication series

NameProceedings of the ASME Design Engineering Technical Conference
Volume2A-2017

Other

OtherASME 2017 International Design Engineering Technical Conferences and Computers and Information in Engineering Conference, IDETC/CIE 2017
CountryUnited States
CityCleveland
Period8/6/178/9/17

Fingerprint

Linking
Data mining
Data Mining
Metric
Uncertainty
Screening
Creativity
Market
Customers
Evaluate
Estimate
Design
Financial markets

All Science Journal Classification (ASJC) codes

  • Mechanical Engineering
  • Computer Graphics and Computer-Aided Design
  • Computer Science Applications
  • Modeling and Simulation

Cite this

Christian, E. L. B., Zheng, X., & Miller, S. R. (2017). Linking creativity measurements to product market favorability: A data-mining approach. In 43rd Design Automation Conference (Proceedings of the ASME Design Engineering Technical Conference; Vol. 2A-2017). American Society of Mechanical Engineers (ASME). https://doi.org/10.1115/DETC2017-67622
Christian, E. Lopez B. ; Zheng, Xuan ; Miller, Scarlett R. / Linking creativity measurements to product market favorability : A data-mining approach. 43rd Design Automation Conference. American Society of Mechanical Engineers (ASME), 2017. (Proceedings of the ASME Design Engineering Technical Conference).
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Christian, ELB, Zheng, X & Miller, SR 2017, Linking creativity measurements to product market favorability: A data-mining approach. in 43rd Design Automation Conference. Proceedings of the ASME Design Engineering Technical Conference, vol. 2A-2017, American Society of Mechanical Engineers (ASME), ASME 2017 International Design Engineering Technical Conferences and Computers and Information in Engineering Conference, IDETC/CIE 2017, Cleveland, United States, 8/6/17. https://doi.org/10.1115/DETC2017-67622

Linking creativity measurements to product market favorability : A data-mining approach. / Christian, E. Lopez B.; Zheng, Xuan; Miller, Scarlett R.

43rd Design Automation Conference. American Society of Mechanical Engineers (ASME), 2017. (Proceedings of the ASME Design Engineering Technical Conference; Vol. 2A-2017).

Research output: Chapter in Book/Report/Conference proceedingConference contribution

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Christian ELB, Zheng X, Miller SR. Linking creativity measurements to product market favorability: A data-mining approach. In 43rd Design Automation Conference. American Society of Mechanical Engineers (ASME). 2017. (Proceedings of the ASME Design Engineering Technical Conference). https://doi.org/10.1115/DETC2017-67622