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Article
Publication date: 2 November 2015

Surya Prakash, Gunjan Soni and Ajay Pal Singh Rathore

Facility location decisions are critical and should be taken after strategic evaluations. Globalization and integration of economies make such decisions further complex and risk…

Abstract

Purpose

Facility location decisions are critical and should be taken after strategic evaluations. Globalization and integration of economies make such decisions further complex and risk prone. The purpose of this paper is to identify and assess the risk factors to be considered while taking new facility location decision associated with global supply chain and device the methodology. A grey-based multi-criteria decision-making (MCDM) approach is used for this purpose, which also takes in to account the uncertainty in decision making. Such approach enables final decision to be more real and practical. The paper also highlighted and discussed the criteria on the basis of which the management can select the best suitable site.

Design/methodology/approach

The risk factors related to facility location for a global firm are identified. To select the location of a global facility with least risk, grey-based MCDM approach is formulated. This grey-based MCDM is demonstrated using the hypothetical case of an industrial valve manufacturing global firm. The grey approach is used to analyse location alternatives based on various decision criteria for extracting comparative ranking.

Findings

The paper presents a tool for strategic and planning level. It helps supply chain managers to identify the risks related to a candidate location. Then it guides the supply chain manager at strategic level to find the least risky location for a manufacturing facility.

Practical implications

This paper demonstrates the grey-based MCDM approach for determining less risky location to locate a new manufacturing unit so that practitioners can use this approach for taking other strategic decisions. The supply chain configuration can be decided subsequently which will yield more practical results and the decision taken will be more fruitful for firm.

Originality/value

The extensive literature review reveals that there are many models in the literature that addressed the issue of risk minimization in supply chain, but it was also noticed that there are limited number of models that minimize risk in locating a global facility considering the uncertainty of data in decision making. This is the first time that grey-based MCDM approach is formulated and used to find most suitable facility location under risk.

Details

Grey Systems: Theory and Application, vol. 5 no. 3
Type: Research Article
ISSN: 2043-9377

Keywords

Article
Publication date: 5 July 2013

S. Mishra, S. Datta and S.S. Mahapatra

The purpose of this paper is to develop an agility evaluation approach to determine the most suitable agile system for implementing mass customization (MC) strategies. Evaluating…

Abstract

Purpose

The purpose of this paper is to develop an agility evaluation approach to determine the most suitable agile system for implementing mass customization (MC) strategies. Evaluating the alternatives and comparing across them, the best practices of the efficient organization can be identified and transferred to different organizations.

Design/methodology/approach

Grey relation approach is a simple mathematical technique useful in situations where the information is not known precisely. Grey relation approach has been applied to measure the agility of various organizations based on agile entities and accordingly the organizations are ranked. The ranking so obtained is compared with the ranking obtained by a popular multi‐attribute decision making (MADM) process known as Fuzzy TOPSIS (technique for order preference by similarity to ideal solution) to test the robustness of the proposed method. It is to be noted that grey theory considers the condition of the fuzziness and can deal flexibly with the fuzziness situation.

Findings

It is demonstrated that the grey approach is an appropriate method for solving MADM problems in an uncertain situation with less computational efforts. The alternatives can easily be benchmarked and the best agile system can be selected. As the ranking obtained through grey relation approach closely agree with the ranking found from Fuzzy TOPSIS method, the robustness of the proposed approach is validated. Both the methods lead to choosing a suitable agile system related to mass customization.

Research limitations/implications

In this paper, the proposed approach has been compared with Fuzzy TOPSIS method to test the robustness of the method. Other MADM approaches may be used for comparison purpose to gain insight into the methodology of the proposed approach.

Originality/value

An alternative approach for MADM is proposed to obtain good decisions in an uncertain environment and used for agility evaluation in selected organizations. As agile manufacturing is relatively a new concept, certain and complete information on systems are not available. In such situations, the proposed method can deal with the issue conveniently and results in workable solutions.

Details

Benchmarking: An International Journal, vol. 20 no. 4
Type: Research Article
ISSN: 1463-5771

Keywords

Article
Publication date: 5 April 2019

Mohamad Amin Kaviani, Amir Karbassi Yazdi, Lanndon Ocampo and Simonov Kusi-Sarpong

The oil and gas industry is a crucial economic sector for both developed and developing economies. Delays in extraction and refining of these resources would adversely affect…

Abstract

Purpose

The oil and gas industry is a crucial economic sector for both developed and developing economies. Delays in extraction and refining of these resources would adversely affect industrial players, including that of the host countries. Supplier selection is one of the most important decisions taken by managers of this industry that affect their supply chain operations. However, determining suitable suppliers to work with has become a phenomenon faced by these managers and their organizations. Furthermore, identifying relevant, critical and important criteria needed to guide these managers and their organizations for supplier selection decisions has become even more complicated due to various criteria that need to be taken into consideration. With limited works in the current literature of supplier selection in the oil and gas industry having major methodological drawbacks, the purpose of this paper is to develop an integrated approach for supplier selection in the oil and gas industry.

Design/methodology/approach

To address this problem, this paper proposes a new uncertain decision framework. A grey-Delphi approach is first applied to aid in the evaluation and refinement of these various available criteria to obtain the most important and relevant criteria for the oil and gas industry. The grey systems theoretic concept is adopted to address the subjectivity and uncertainty in human judgments. The grey-Shannon entropy approach is used to determine the criteria weights, and finally, the grey-EDAS (evaluation based on distance from average solution) method is utilized for determining the ranking of the suppliers.

Findings

To exemplify the applicability and robustness of the proposed approach, this study uses the oil and gas industry of Iran as a case in point. From the literature review, 21 criteria were established and using the grey-Delphi approach, 16 were finally considered. The four top-ranked criteria, using grey-Shannon entropy, include warranty level and experience time, relationship closeness, supplier’s technical level and risks which are considered as the most critical and influential criteria for supplier evaluation in the Iranian oil and gas industry. The ranking of the suppliers is obtained, and the best and worst suppliers are also identified. Sensitivity analysis indicates that the results using the proposed methodology are robust.

Research limitations/implications

The proposed approach would assist supply chain practicing managers, including purchasing managers, procurement managers and supply chain managers in the oil and gas and other industries, to effectively select suitable suppliers for cooperation. It can also be used for other multi-criteria decision-making (MCDM) applications. Future works on applying other MCDM methods and comparing them with the results of this study can be addressed. Finally, broader and more empirical works are required in the oil and gas industry.

Originality/value

This study is among the first few studies of supplier selection in the oil and gas industry from an emerging economy perspective and sets the stage for future research. The proposed integrated grey-based MCDM approach provides robust results in supplier evaluation and can be used for future domain applications.

Article
Publication date: 10 July 2007

Guo‐Dong Li, Daisuke Yamaguchi and Masatake Nagai

This paper aims to resolve the uncertain problem in suppliers selection chain management system through using the proposed multiple attribute decision‐making (MADM) approach.

794

Abstract

Purpose

This paper aims to resolve the uncertain problem in suppliers selection chain management system through using the proposed multiple attribute decision‐making (MADM) approach.

Design/methodology/approach

The approach which combines grey system theory with rough set theory is proposed.

Findings

This proposed approach take advantage of mathematical analysis power of grey system theory and at the same time take advantage of data mining and knowledge discovery power of rough set theory. It will be suitable to decision making under a more uncertain environment.

Originality/value

Provides a viewpoint on the attribute values and attribute weights of rough set decision table for all alternatives are decided by grey number based on grey system theory. The best ideal supplier can be decided by grey relational analysis based on grey number.

Details

Journal of Modelling in Management, vol. 2 no. 2
Type: Research Article
ISSN: 1746-5664

Keywords

Article
Publication date: 2 November 2015

Dilip Kumar Sen, Saurav Datta and Siba Sankar Mahapatra

Decision making is the task of selecting the most appropriate alternative among a finite set of possible alternatives with respect to some attributes. The attributes may be…

Abstract

Purpose

Decision making is the task of selecting the most appropriate alternative among a finite set of possible alternatives with respect to some attributes. The attributes may be subjective or objective (or combination of both), depending upon the situation; requirements may also be conflicting. In practice, most of the real-world decision-making problems are based on subjective evaluation criteria which are basically ill-defined and vague. Since subjective human judgment bears ambiguity and vagueness in the decision making; application of grey numbers set theory may be proved fruitful in this context. The paper aims to discuss these issues.

Design/methodology/approach

Owing to the advantages of grey numbers set theory in tackling subjectivity in decision making; the crisp-TODIM needs to be extended by integrating with grey numbers set theory in order to facilitate decision making consisting of subjective data. Hence, the unified objective of this paper is to propose a grey-based TODIM approach in the context of decision making.

Findings

Application potential of grey-TODIM has been demonstrated through a case empirical robot selection problem. Result obtained thereof, has also been compared to that of existing grey-based decision support systems available in literature.

Originality/value

Application potential of grey-based decision support systems (grey-TOPSIS, grey analysis, grey-MOORA) have been highlighted in available literature resource. However, the shortcoming of these approaches is that they do not consider decision-makers’ risk attitude while decision making. TODIM method is derived from the philosophy of Cumulative Prospect Theory (CPT) which considers risk averting attitude of the decision maker in case of gain and risk seeking attitude in case of loss, while comparing dominance between two alternatives with respect to a particular criterion. Hence, this paper contributes a mathematical foundation of TODIM coupled with grey numbers set theory for logical decision making.

Details

Grey Systems: Theory and Application, vol. 5 no. 3
Type: Research Article
ISSN: 2043-9377

Keywords

Article
Publication date: 28 October 2014

Om Ji Shukla, Gunjan Soni and G. Anand

In the current customer-driven market, the manufacturers have to be highly responsive and flexible to deliver a variety of products. Hence, to meet this dynamic and uncertain…

Abstract

Purpose

In the current customer-driven market, the manufacturers have to be highly responsive and flexible to deliver a variety of products. Hence, to meet this dynamic and uncertain market changes, the production system, which enables the manufacturing of such variety of products should be able to meet such diverse, dynamic changes. Hence, selecting a suitable manufacturing system is a key strategic decision for today's manufacturing organization, which needs to survive in these uncertain market conditions. Hence, the purpose of this paper is to present a decision-making model for selecting the best manufacturing system and also discuss the criteria on the basis of which the management can select the same.

Design/methodology/approach

A case of small- and medium-sized company is presented, in which the management is deciding to establish a most suitable manufacturing system. To supplement this, a suitable multi-criteria decision-making model (MCDM), the grey approach is used to analyze manufacturing system alternatives based on various decision criteria to arrive a comparative ranking.

Findings

An extensive analysis of grey-based decision-making model described grey decision matrix, grey normalized decision matrix, grey weighted normalized decision matrix and grey possibility degrees for three alternatives revealed that lean manufacturing systems was found to be the most suitable manufacturing system among three alternatives for a given case.

Research limitations/implications

The same study can be extended by including sub-criteria with main criteria for selection of manufacturing system by utilizing two MCDM techniques such as AHP or ANP with Grey approach.

Practical implications

The Grey approach has been discussed in a detailed way and it will be useful for the managers to use this approach as a tool for solving similar type of decision-making problems in their organizations in the future.

Originality/value

Although, the problem of selecting a suitable manufacturing system is often addressed both in practice and research, very few reports are available in the literature of Grey-based decision models that demonstrated its application for selecting a suitable manufacturing systems.

Details

Grey Systems: Theory and Application, vol. 4 no. 3
Type: Research Article
ISSN: 2043-9377

Keywords

Article
Publication date: 17 August 2012

Seyed Hossein Razavi Hajiagha, Hadi Akrami and Shide Sadat Hashemi

The purpose of this paper is to extend an approach to solve linear programming problems with grey data and variables, based on a developed multi‐objective programming approach.

Abstract

Purpose

The purpose of this paper is to extend an approach to solve linear programming problems with grey data and variables, based on a developed multi‐objective programming approach.

Design/methodology/approach

The proposed approach to generally solve the grey linear programming problems is based on the notion of order relation between interval grey numbers. This notion is applied to cascade the grey objective function to a bi‐objective problem based on the objective function of the original problem. The same approach is taken to transform grey constraints to a set of corresponding linear constraints. Finally, the obtained multi‐objective model can be solved by any existing methods in the literature.

Findings

One of the shortcomings of previous approaches to solve grey linear programming problems was that they required the grey coefficients of objective function to be both side negative or positive. The approach proposed here does not have such a requirement and guarantees the feasibility of solutions.

Originality/value

A different approach is developed in the paper that can be used to solve grey linear programming problems in general form. The method relaxes the limitation of existing approaches.

Details

Grey Systems: Theory and Application, vol. 2 no. 2
Type: Research Article
ISSN: 2043-9377

Keywords

Article
Publication date: 23 August 2013

Saurav Datta, Nitin Sahu and Siba Mahapatra

The purpose of this paper is to report an efficient decision‐support system for industrial robot selection. It seeks to analyze potential robot selection attributes with a…

1127

Abstract

Purpose

The purpose of this paper is to report an efficient decision‐support system for industrial robot selection. It seeks to analyze potential robot selection attributes with a relatively new MCDM approach which employs grey set theory coupled with MULTIMOORA method.

Design/methodology/approach

Use of interval‐valued grey numbers (IVGN) adapted from grey theory has been explored to tackle subjective evaluation information collected from an expert group; finally MULTIMOORA (multi‐objective optimization by ratio analysis) method has been applied in order to aggregate individual criterion/attribute scores into an equivalent evaluation index towards evaluating feasible ranking order of candidate alternative robots.

Findings

An empirical study has also been shown here for better understanding of the said selection‐module; effectively applicable to any other decision‐making scenarios.

Originality/value

This method is computationally very simple, easily comprehensible, and robust which can simultaneously consider numerous subjective attributes. Grey MULTIMOORA ranking is expected to provide a good guidance to the managers of an organization to select the feasible robot. It will also provide a good insight to the robot manufacturer so that it can improve its product or introduce a new product to satisfy customer needs.

Article
Publication date: 17 January 2020

Rohit Agrawal and Vinodh S.

Sustainable manufacturing facilitates the development of products with lower environmental impact. Additive manufacturing (AM) processes are incorporated with sustainable…

Abstract

Purpose

Sustainable manufacturing facilitates the development of products with lower environmental impact. Additive manufacturing (AM) processes are incorporated with sustainable characteristics such as minimum material consumption, energy efficiency and minimum transportation. The purpose of this paper is to report a study on sustainability evaluation of AM process using a grey-based approach.

Design/methodology/approach

Sustainable AM process is gaining importance. From this viewpoint, this paper presents the evaluation of sustainability of AM process. The evaluation model includes 3 enablers, 18 criteria and 54 attributes. Grey-based approach is used for sustainability evaluation. Expert inputs are used for computing the grey index. Expert inputs are obtained and they are aggregated at three levels to calculate the overall grey performance index, which indicates sustainability level of AM processes. Furthermore, weaker areas are identified through determination of grey performance importance index (GPII) values.

Findings

The calculated grey index is (3.510, 16.177), which implies that AM process is sustainable. Weaker attributes are determined on the basis of the computation of GPII values.

Practical implications

The study has been executed on the basis of the opinion from experts with practical experience. Hence, the inferences are found to be practically feasible. The identified weaker attributes from the study would enable the manufacturers and practitioners to focus more on weaker areas for enhancing the sustainability of AM processes. The study has made an evaluation from sustainability perspective of AM processes, which would enable practitioners to assess AM processes from TBL sustainability orientation.

Originality/value

The development of sustainability evaluation model and application of a grey-based approach for assessment of AM process are the original contributions of this study.

Details

Grey Systems: Theory and Application, vol. 10 no. 4
Type: Research Article
ISSN: 2043-9377

Keywords

Article
Publication date: 12 November 2021

Somesh Agarwal, Mohit Tyagi and R.K. Garg

Adopting the circular economy (CE) notion in the supply chain perspective is necessary for the sustainability viewpoint. However, such practices are deficient, especially in…

Abstract

Purpose

Adopting the circular economy (CE) notion in the supply chain perspective is necessary for the sustainability viewpoint. However, such practices are deficient, especially in developing countries like India, because of several obstacles. The purpose of this study was to create an approach for circular supply chain management (CSCM) adaption in Indian rubber industries by identifying and evaluating its associated obstacles.

Design/methodology/approach

A hybrid approach of analytic hierarchy process (AHP) and the grey-based ELECTRE method had been employed in this research to obtain the mutual rankings of the identified obstacles based on their impressions on the CSCM prosperity criteria through a case study and involving diverse expert's opinions.

Findings

Presented study's findings illustrate that “Lack of consumer knowledge and consciousness towards environmental sustainability” was found to be the top-ranked obstacle followed by “Unwillingness towards supply chain re-structuring”.

Research limitations/implications

The obstacles' prioritized rankings could help leaders to create sequential strategies for adapting a resilient CSCM structure by systematically eliminating these obstacles. Moreover, the pinpointed critical obstacles could be investigated further in separate studies and generate future studies' scope.

Originality/value

During the extensive literature survey, it had been found that the CSCM practices are in the fledgling stage in the developing country's context. Moreover, studies related to CSCM adaption in rubber-based manufacturing industries were much lacking. Presented work is peculiar, aiming to accelerate the CSCM adaption in the industrial rubber sector in developing countries like India.

Details

International Journal of Productivity and Performance Management, vol. 72 no. 4
Type: Research Article
ISSN: 1741-0401

Keywords

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