We combine the Analytic Network Process (ANP) and the Balanced Scorecard (BSC) to build a cohesive decision model for determining firm level IT outsourcing strategy. Although prior research has confirmed the existence of interactions among BSC indicators and the potential impact of those interactions on firm level performance, interactions have hitherto not been fully understood and implemented...

Proposed in this study is a hybrid model for supporting the vendor selection process in new task situations. First, the vendor evaluation problem is formulated by the combined use of the multi-criteria decision-making (MCDM) approach and a proposed five-step hybrid process, which incorporates the technique of an analytic network process (ANP). Then the modified TOPSIS (technique for order perfo...

In today’s rapidly changing economy, technology companies have to make decisions on research and development (R&D) projects investment on a routine bases with such decisions having a direct impact on that company’s profitability, sustainability and future growth. Companies seeking profitable opportunities for investment and project selection must consider many factors such as resource limitatio...

Auctions are important market mechanisms for the allocation of goods and services. Auctions are preferred often to other common processes because they are open, quite fair, easiness to understand by participants, and lead to economically efficient outcomes. Design of auctions is a multidisciplinary effort made of contributions from economics, operations research, informatics, and other discipli...

Abstract There are a lot of risks in new product development projects. It’s very important to assess these risks accurately for the success of these projects. This paper proposed a risk assessment approach of NPD projects based on analytic network process (ANP) method. The effectiveness of the approach is tested by an actual NPD project. The results show that the approach can reflect the comple...

Implementation of Information and Communication Technology (ICT) enabled wireless control systems to manage plant operations are growing far and wide. Several ICT enabled wireless remote open loop systems such as wireless transmitters, control valves and smart sensors are available now. However, such systems are not yet introduced in the control of processes. In this work, authors attempt to ch...

The contemporary manufacturing organisations are forced to adopt advanced manufacturing paradigms for sustaining in the global markets. Supply chain management is an essential ingredient of advanced manufacturing systems since outsourcing gains vital importance. Supplier selection is a vital issue concerned in the process of managing global supply chains. A conceptual model for supplier selecti...

This paper is in memory of Professor Thomas L. Saaty, who died on the 14th August 2017. In a problem-solving process, first step to model real-world problem. The modeling effort one hardest parts and there no universal way do it. initial involves structuring problem obtaining simplified so that any multi-criteria or statistical models can be applied. intends explain process through subjective g...

The analytic network process (ANP) is presented as a potentially valuable method to support the selection of projects in a research and development (R&D) environment. This paper first discusses the requirements of the R&D project selection problem, which requires the allocation of resources to a set of competing and often disparate project proposals. Among the factors complicating this task is ...