Investment performance analysis of industrial products: case of an effluent processing facility at a chemical company

Sato, Yuji and Tan, Kim Hua and Tse, Ying Kei (2016) Investment performance analysis of industrial products: case of an effluent processing facility at a chemical company. International Journal of Production Economics . ISSN 0925-5273 (In Press)

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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
Keywords: Performance analysis; Industrial products; Customer preference; Subjective factor; Analytic hierarchy process; BOCR analysis
Schools/Departments: University of Nottingham, UK > Faculty of Social Sciences > Nottingham University Business School
Identification Number: https://doi.org/10.1016/j.ijpe.2016.12.021
Depositing User: Howis, Jennifer
Date Deposited: 09 Feb 2017 12:54
Last Modified: 09 Feb 2017 18:40
URI: http://eprints.nottingham.ac.uk/id/eprint/40469

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