Plant Location Evaluation from the Aspects of Financial and Non-financial Criteria

Co, Nguyen Trong

doi:10.3923/ajsr.2017.252.258

Cited by 3 publications

(1 citation statement)

References 14 publications

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“…The advantage of using fuzzy-TOPSIS is its ability to apply fuzzy sets in order to express the relative importance of the applied criteria. The procedure for fuzzy-TOPSIS has been well established in several applications (e.g., Co 2017;Govindaraju et al 2015). This subsection briefly presents the fuzzy-TOPSIS model and the process to calculate relocation decision recommendations.…”

Section: Fuzzy-topsismentioning

confidence: 99%

A hybrid fuzzy-AHP-TOPSIS model for evaluation of manufacturing relocation decisions

2022

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Manufacturing relocation decisions are complex because they involve combinations of location modes like offshoring or reshoring, and governance modes like insourcing or outsourcing. Furthermore, the uncertainty involved in the decision-making process makes it challenging to reach a right-shoring decision. This study presents a hybrid fuzzy-AHP-TOPSIS model to support generic relocation decisions. Industry experts were involved in a pairwise comparison of the competitive priorities’ decision criteria. A meta-synthesis of empirical studies is used to generate theoretical relocation scenarios. The presented hybrid model is used to rank the relocation scenarios in order to identify the most pertinent alternative. The resiliency of the solution is presented through a sensitivity analysis. The results indicate that the proposed hybrid model can simultaneously handle all the main relocation options involving governance modes. Based on the input data in this study, the competitive priorities criteria quality, time and cost are shown to have a strong impact, whereas the sustainability criterion has a weak impact on the choice of relocation option. The research presented in this paper contributes to the research field of manufacturing relocation by demonstrating the suitability of the hybrid fuzzy-AHP-TOPSIS model for relocation decisions and the resilience of the results. Furthermore, the research contributes to practice by providing managers with a generic relocation decision-support model that is capable of simultaneously handling and evaluating various relocation alternatives.

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Section: Fuzzy-topsismentioning

confidence: 99%

A hybrid fuzzy-AHP-TOPSIS model for evaluation of manufacturing relocation decisions

2022

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Plant location factors: a field research

et al. 2018

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A Literature Review of MADM Applications for Site Selection Problems — One Decade Review from 2011 to 2020

Zolfani

Hasheminasab

Torkayesh

et al. 2021

Int. J. Info. Tech. Dec. Mak.

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Site selection is a multi-dimensional optimization problem that influences a wide variety of stakeholders from local communities and authorities to governments, environmental protection agencies, etc. Locating an energy project as well as transportation infrastructure projects, for instance, are of great strategic importance and are connected to the top-level regulations and policy levels. These problems are significant from strategic levels to the productivity of a single construction project level, from energy to transportation and from infrastructure to residential buildings. A large number of publications in this field of study prove this significance. However, regarding the variety of applications, managerial decision levels, and the growing number of studies, it is important to comprehend the latest trends and conclude an appropriate research path in this field. This study is mainly focused on the application of MADM methodologies on locating problems by which many studies are carried out and have a high coincidence with the locating problem environment. Consequently, 425 studies are considered in this study, and 217 more relevant papers are selected for the subsequent reviews. Based on the results, Energy projects are by far the most frequent field of study in this regard which are considered as renewable and nonrenewable categories. Also, environmental planning and sustainable site selection are of secondary importance.

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Plant Location Evaluation from the Aspects of Financial and Non-financial Criteria

Cited by 3 publications

References 14 publications

A hybrid fuzzy-AHP-TOPSIS model for evaluation of manufacturing relocation decisions

A hybrid fuzzy-AHP-TOPSIS model for evaluation of manufacturing relocation decisions

Plant location factors: a field research

A Literature Review of MADM Applications for Site Selection Problems — One Decade Review from 2011 to 2020

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