Sato, Yuji, Tan, Kim Hua and Tse, Ying Kei ORCID: https://orcid.org/0000-0001-6174-0326 2017. Investment performance analysis of industrial products: case of an effluent processing facility at a chemical company. International Journal of Production Economics 194 , pp. 52-58. 10.1016/j.ijpe.2016.12.021 |
Abstract
This paper proposes an approach to a multi-criteria investment performance analysis of industrial products. Manufacturers must determine the necessary and sufficient specification of products they use. Such an analysis, however, involves a broad range of factors, including some that are subjective. The performance analysis and decision making for investment thus must often rely heavily on past experience, generalities, and intuition. This paper addresses these issues from a benefit, opportunity, cost and risk (BOCR) perspective, in which the criteria are prioritized and the products are evaluated objectively. Pairwise comparisons among the criteria and quantitative assessments of the performance of products comprise a prioritized BOCR analysis. A case study demonstrating the applicability of the proposed approach is conducted at a chemical company. Results show that the proposed approach succeeds in the multi-criteria performance analysis of industrial products, resulting in a practical proposal of a product specification best suited to this company’s case.
Item Type: | Article |
---|---|
Date Type: | Publication |
Status: | Published |
Schools: | Business (Including Economics) |
Publisher: | Elsevier |
ISSN: | 0925-5273 |
Date of Acceptance: | 12 December 2016 |
Last Modified: | 07 Nov 2022 09:58 |
URI: | https://orca.cardiff.ac.uk/id/eprint/130787 |
Citation Data
Cited 5 times in Scopus. View in Scopus. Powered By Scopus® Data
Actions (repository staff only)
Edit Item |