– The purpose of this paper is to develop a mathematical model of a make-to-order manufacturing company simultaneously negotiating multiple contingent orders that possess conflicting issues in order to achieve order acceptance decisions (OADs).
– The paper developed a mathematical model by incorporating probabilistic theory and some theories of negotiation in the OAD problem. The model helps to harness the relationship between the manufacturer and customers of contingent orders on conflicting issues. A numerical example is enumerated to illustrate the working mechanism and sensitivity of the model developed.
– In the negotiation-based OAD system, if more than one customer is willing to negotiate on the offer of manufacturer, rather than engaging in one-to-one negotiation, the manufacturer has to negotiate with all the customers simultaneously to maximize the expected contribution and acceptance probability from all the orders. Also, the numerical example illustrates that, sometimes, rejecting an order/orders from the order set gives better results in terms of the expected contribution than continuing negotiations on them.
– Through continuing research efforts in this domain, certain models and strategies have been developed for negotiation on a one-to-one basis (i.e. negotiation by the manufacture with only one customer at a time). One-to-one negotiation will neither help companies to streamline their production systems nor will it maximize the expected contribution. To the best of the author’s knowledge, so far, this is the first instance of research work in the domain of a joint OAD and negotiation framework that attempts to develop a simultaneous negotiation method for arriving at OADs.
Aluminum metal matrix composites, which exhibit significantly high compressive strength, were produced through the squeeze casting process using aluminum 7075 alloy as the matrix material and 2.5 wt% alumina as reinforcement. The process parameters of squeeze casting were prudently selected based on the literature in order to obtain better mechanical properties such as compressive strength and hardness. Samples were examined using an optical microscope, energy dispersive spectroscopy, a scanning electron microscope, and X-ray diffraction analysis. The optical micrograph showed low porosity in the produced composite, which matched the porosity measured using the Archimedes principle. The scanning electron microscope showed uniform distribution of reinforcement in the grain boundaries of the matrix. An X-ray diffraction analysis confirmed the presence of Al 2 O 3 particles in the composite. The hardness of the composite improved from 44 to 59 HRB. The compressive strength of the composite improved significantly with the addition of alumina reinforcement to 587 MPa when compared to Al 7075 alloy as well as other aluminum metal matrix composites reported in the literature.
Purpose -This research attempted to identify the most critical factors and their inter-relationships to ensure designing agile supply chain, especially in oil and gas industry. This factors identification process is performed through developing a conceptual framework and the use of Interpretive Structural Modelling (ISM) tool.Design/methodology/approach -This study is conducted through an extensive literature review and questionnaires survey to identify and refine the critical factors that ensure the agile supply chain in oil and gas industry. In addition, several brainstorming sessions with the experts in the field of oil and gas industries were organized with the objective to interpret the contextual interrelationships between the identified factors. The outcomes from the literature reviews, interview questions and experts' opinions were used to develop a diagraph and MICMAC analysis to know the drivers of agility in supply chain.Findings -From this study, 34 enablers and 12 factors were identified, which are responsible to ensure agile supply chain in oil and gas industry. Out of these identified factors, top management commitment, strategic alignment, competency of management and integration of information and systems technology are found to be the critical drivers of supply chain agility. On the other hand, government regulations, transportation and logistics flexibility and production planning and control falls under the category of dependent factors.Originality/value -The identified factors and their interrelationships can be a valuable aid to ensure and measure the agility in supply chain, especially in oil and gas industry. These identified factors and their defined consequences will help managers and concerned authorities in oil and gas industry to take better decision to improve the agility level of their supply chain.
The purpose of this research was to study the recognition, application and quantification of the risks associated in managing projects. In this research, the management of risks in an oil and gas project is studied and implemented within a case company in Oman. In this study, at first, the qualitative data related to risks in the project were identified through field visits and extensive interviews. These data were then translated into numerical values based on the expert's opinion. Further, the numerical data were used as an input to Monte Carlo simulation. RiskyProject Professional TM software was used to simulate the system based on the identified risks. The simulation result predicted a delay of about 2 years as a worse case with no chance of meeting the project's on stream date. Also, it has predicted 8% chance of exceeding the total estimated budget. The result of numerical analysis from the proposed model is validated by comparing it with the result of qualitative analysis, which was obtained through discussion with various project managers of company.
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