Use of Multi-Criteria Decision Analysis in Location...

Use of Multi-criteria Decision Analysis in Location Decision of a Plant, 2012 1.0 Introduction Haque Confectionaries is part of the Haque Brothers Industries Limited operating in Bangladesh for over 64 years. They focus on the production of quite a few biscuit brands based on different flavours and also a good range of wafers (Haque Group of Industries, 2012). Initially they used to import their raw materials, especially fruit syrups and flavours from abroad. One of their most popular products is the strawberry wafer and also some of their biscuits and candies are based on the flavor of strawberry. As such, one of their biggest imports is the strawberry syrup. Recently, the strawberry research in Bangladesh has come up with a breed†¦show more content†¦Other relevant studies show that problems related to the location of any facilities involve criteria which are not only quantitative and qualitative in nature, but their performances are contradicting each other (Tuzkaya et al., 2008). As such, it can be concluded from the existing literature that for the problem in han d for this paper, an MCDA approach will be relevant and useful. The last section confirms the use of MCDA as the problem solving tool for this paper. Two of the common MCDA methods are Multi-attribute Value Theory (MAVT) and the Multi-attribute Utility Theory (MAUT). Both of them bases their assumptions on some form preferential or utility independence as well as constant tradeoffs (Belton and Stewart, 2002). The advantage of these methods is that they are simple, transparent and allow the results and the recommendations to be documented easily. But then, because of the assumption of constant tradeoffs, they tend to give extreme results. Also the decision maker is either unwilling or may not be able to give information on their preferences, utilities and tradeoffs (Stewart and Losa, 2003). This is the case for this problem, since the paper is directed as a proposal to use MCDA for solving a location problem. In such case, the level of uncertainty and practicality involved, it would not beShow MoreRelatedA Logistical Order For Building A Team1155 Words   |  5 Pages A Logistical Birth Reggie Austin Logistic Management TLMT341 1001 American Public University Prof. Jeffrey Wendt 13 November 2014 A Logistical Birth The decisions that will be made will affect both the company’s present and its future as well (at least the following three to five years) (Balakrishnan, 2013). With that said I would do everything in my power to build a team which would consist of sales, marketing, operations, manufacturing, warehousing and a team member from higher managementRead MoreThe Burning Of Biomass And The Resulting Emissions1582 Words   |  7 Pagesthe atmosphere (Kees and Lisa, 2011). Meanwhile, other organic compounds and particulate matter from biomass combustion contribute to local and regional air pollution. Developing nations have sought to escape environmental ruin through the expanded use of energy efficient and renewable technologies. Ethiopia’s renewable energy potential is considerable, with abundant biomass efficiency, biogas, solar, hydropower, wind, and geothermal possibilities available (Forum for Environment, 2010; MulugettaRead MoreWhat are Green Roofs?750 Words   |  3 Pagesvegetated roofs (Velazquez, 2003). The difference between the two is the method of their installation and their mobility. Traditional roofs in general use either a single- ply or a multi-ply waterproofing system which is then followed by a drainage membrane and the substrate/ soil media. Whereas in a modular system the drainage, soil substrate and the plants are supported in a High density polyethylene (HDPE) trays of varying size, which are then transported to the roofs and installed. Traditional roofsRead MoreThree Episodes2397 Words   |  10 Pagesworking at Mashiul Alam + Associates since March 2012 to till date. It is situated in Chittagong, Bangladesh. I am a civil engineer (structural). I am employed as Office in charge. The group under my direction performs structural design and architectural design of multi-storied commercial and residential buildings. b) Background. CE 1.2 1. As Office in charge I am responsible for design and construction top supervision of various multi storied commercial and residential projects. TheseRead MoreCase Study - Furniture Production Line Layout3782 Words   |  16 Pagesline stretches far away from the first one. 2.2 CRAFT CRAFT (Computerized Relative Allocation of Facilities Technique) uses a pair wise exchange to develop a layout CRAFT does not examine all possible pair wise exchange before generating an improved layout. This is a program designed to physically arrange the departments in a facility layout. It uses a path-oriented improvement routine based on pair-wise and three-wise exchanges of departments. The final layout is dependent on theRead MoreProject on Bhilai Steel Plant12415 Words   |  50 PagesA REPORT ON WORKING OF FINANCE WITH REFERENCE TO CAPITAL BUDGETING [pic] BHILAI STEEL PLANT ACKNOWLEDGEMENT We express our sincere thanks regards to Bhilai Steel Plant, for giving us the opportunity to study on the topic â€Å"Working of finance with reference to capital budgeting†. First and foremost we express our hearty thanks to our co-ordinator Mr. S.S.Kshatriya (Manager, Finance Expansion) for his guidance. We also express our sincere thanks to all the heads of concernedRead MoreStrategic Analysis of IKEA3947 Words   |  16 Pagesï » ¿International business strategy The Strategic Analysis of IKEA Laura Burns 11027915 Executive Summary This report is a strategic analysis of Swedish home furnishing giant, IKEA. The report gives an overview of corporate strategy, using Ansoff’s matrix as a tool for analysis, allowing us to see how IKEA have developed their strategy. The business strategy is then discussed using Porter’s five forces model as a tool for external analysis. Internal analysis can be identified using either the value chainRead MoreThe Importance Of Studying And Observing An Industrial System Phenomena2053 Words   |  9 Pages2.3 Career Episode 3 2.3.1 Introduction. In this career episode, I describe an industrial engineering task which I undertook as part of my educational program in Ph.D. degree in School of Engineering-University of South Australia, Australia (2012-2016). In this task, I proposed systems thinking conceptual framework for studying and observing an industrial system phenomena. I implemented this framework to a real industrial system in a case study and recommended the operational system improvementsRead MoreCafà © de Coral Holdings Limited International Business Development Plan to5566 Words   |  23 PagesIndustry Based view Analysis 5-6 4. Resource Based view Analysis 7-11 5. Institution Based view Analysis 12-15 6. Recommendations 15-16 7. References 17-19 8. Appendices 20-25 2 1. Executive Summary This group consulting project aims to devise an international business development plan for Cafà © de Coral Holdings Limited in order to assist the company to facilitate its aspiration to enter into Australia’s fast food market. Strategic analysis is conducted toRead MoreMunicipal Policy Making and Analysis6296 Words   |  25 PagesPolicy Making and Analysis A policy is a temporary creed liable to be changed, but while it holds good it has got to be pursued with apostolic zeal. - Mahatma Gandhi Introduction Local municipalities are agents for the people. They are often closest to community challenges, aspirations and immediate needs. Governments try to establish clear policies that require local municipalities to be sensitive to community views and responsive to local problems (Temenos McCann, 2012, p.1389). Ultimately

P3 Describe the Main Physical and Technological Resources...

Insurance Insurance is a type of physical resource. Insurance is a resourec that protects businesses from losses due to any type of events that can occur during the normal course of business. There are many types of insurance within businesses. these include, insurance for a property damage, insurance for legal liability and insurance for employee-related risks. Some of these Insurance are used within Topshop. This is used within the business as it allows them to reduce the financial impact of risk to occur within the business. Having insurance within the company means that the business will not have to worry about the risk of having to pay a large amount of money to repair the business. It also allows them to claim money if any floods†¦show more content†¦copyright; copyright is a legal term used to describe the rights that creators have over their artistic work or ideas. An example of the work covered by copyright are databases,music, advertisements and computer programs. These intellectual properties are important within Topshop. this is due to the fact that without the protection of their ideas, they would not obtain the benefit of their inventions. furthermore, having intellectual properties will increase Topshops market values as well as increase their future profits. Software license Software license is a type of technological resource. Software license is the permission to use computer programmes within a business. Software license is important within Topshop. This is due to the fact that without it non of their machines or systems would not work. furthermore, software license is also important to the manufactures of Topshop. This is due to the fact that software licenses is need in order for any of their products to work in new ways or in a way that is compatible with their customers existing computer systems. Accumulated skills and experience Accumulated skill and experience is building up particular things. These are the tacit knowledge which has been developed through a number of years. these are done when the business keeps the person in a job. this will lead the level of their productivity to grow. accumulated skill andShow MoreRelatedP1- bUSINESS UNIT 22223 Words   |  9 PagesBusiness Resources Name of assessors: Mr Williams Mr Toher Deadline for completion: Statement of Context: At the core of every organization are the human, physical, technological and financial resources that enable it to function. In this unit you learn the importance organizations place on managing their resources efficiently in order to achieve their objectives. Understanding how these resources are managed is one of the keys to assessing how well an organization is performingRead MoreP3 P4709 Words   |  3 PagesMock Assignment Table: Human, Physical and Technological Resources |Type |P3:describe the main physical and technological resources required in the |M1: explain how the management of human, physical and technological resources | | |operation of a selected organisation |can improve the performance Tesco Read MoreHow the Advancements in Technology Have Improved Customer Satisfaction in the Banking Sector6894 Words   |  28 PagesBanking Sector? 2.3 What is Customer Satisfaction and what is the importance of customer satisfaction? 2.4 What are the technological Improvements made in the Banking sector? 2.5 What are the challenges of implementing these improvements in the Jamaican Banking Sector? 2.6 How has the Technological Advancements Improved Customer Satisfaction in the Banking Sector? 3.0 Methodology and Procedures 23 - 33 3.1 IntroductionRead MoreAssessment Performance of Public Utility in Nigeria: a Study of Nepa9699 Words   |  39 Pageswho are often unqualified for the task they are entrusted with and engage in investment decisions, that do not provide positive economic contributions. The power sector has suffered under the worst criticisms of public utility enterprises. The organization responsible for electricity production and supply in Nigeria, the National Electric Power Authority has been nicknamed-‘Never Expert Power Always’ by the public because of too frequent power supply interruptions. A large proportion of the populationRead MoreIntelligent Ambulance19743 Words   |  79 Pagesspecification 5.Design of solution 6.Implementation 7.Results and Discussions 8.System testing 9.Conclusion and future scope 10.References INTELLIGENT AMBULANCE FOR CITY TRAFFIC AND GSM TO SENT THE STATUS OF THE PATIENT TO THE HOSPITAL ABSTRACT: The main aim of this project is develop an intelligent ambulance which will reach the hospitals without any problem in heavy traffics. INTRODUCTION: This particular project is designed for the cities with heavy traffic. Eg: In Bangalore the roads are full jammedRead MoreBtec National Diploma Level 3 Unit 3 Introduction to Marketing12741 Words   |  51 PagesTavaglione Unit 3 Task 1- P1 -describe the concept and principles of marketing A) Dictionary definition for marketing: â€Å"The management process responsible for identifying, anticipating and satisfying customer requirements profitably.† When marketing a product or service the organisation needs to make sure it will satisfy the customer needs or wants. An organisation will not survive let alone succeed or make a profit if it does not meet the customer’s physical, intellectual, educational orRead MoreApproaches to Organisation and Management19498 Words   |  78 Pages  provide  a  perspective  on  concepts and  ideas  discussed  in  more  detail  in  other  chapters. Learning  outcomes After  completing  this  chapter  you  should  be  able  to: ââ€"  Ã‚  Ã‚  identify  major  trends  in  the  development  of  organisational  behaviour  and management  thinking; ââ€"  Ã‚  Ã‚  contrast  main  features  of  different  approaches  to  organisation  and management; ââ€"  Ã‚  Ã‚  evaluate  the  relevance  of  these  different  approaches  to  the  present-day management  of  organisations; ââ€"  Ã‚  Ã‚  explain  the  relationships  between  management  theory  and  practice; ââ€"  Ã‚  Ã‚  aRead MoreOperational Strategy in Nestle24176 Words   |  97 Pagesrequirements for the completion of MSc Operations Management July 2007 2 Table of Contents Topic 1) Introduction What is strategy? Rationale Research objectives Research questions Company background and products of focus Structure of the Report 2) 3) Methodology Literature review Manufacturing strategy Logistics strategy and Distribution Strategy Warehousing strategy Sales strategy Corporate strategy 3) 4) Existing Products in the Beverages Sector Existing operations strategy Manufacturing strategyRead MoreInternal Audit as an Effective Internal Control System at Ongc17652 Words   |  71 Pagesbar and find creative and cost-effective solutions to transform the internal audit function and bring increased value to the organization and its stakeholders. Only 13% of the 700 internal auditors who responded to the study indicated that their departments allocated at least 25% of resources to strategic and business risk, while 57% assigned the same amount of resources to more traditional financial risk. Business and operational risk categories are the areas of highest risk, howe ver internalRead MoreCase Study for Management Accounting36912 Words   |  148 PagesCompany, by Peter Clarke in association with Paul Juras and Wayne Bremser, discusses customer profitability analysis. ECN.W, by William Lawler, discusses ABC in a service organization. Endesa, by Gary M. Cunningham, Scott Ericksen, Francisco J. Lopez Lubian and Antonio Pareja, discusses strategy and control issues in a changing organization. Kincaid Manufacturing, by Jon Yarusso and Ram Ramanan, discusses supply chain management. Osram.NA, by John Shank, Lawrence Carr, and William Lawler, discusses economic

Problem Solving and Ambition free essay sample

Many people have different ambitions in life so the word ambition would have different definitions, depending on whom you ask. To me ambition is an urge desire to achieve your goals or succeed. Ambition leads you to dedication, motivation and time. I have many ambitions to achieve in a set period. Time motivates me to achieve my ambitions. Ambition in other words is the motive force needed to propel all of us to work towards our set cherished goals. We will write a custom essay sample on Problem Solving and Ambition or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page . In this essay, I will define ambition, write about the different effects of ambition, and at last, I will talk about my personal experience with ambition. Different people have different ambitions in life. The nature of ambition varies from persons to person. It depends upon ones family background, upbringing, social status and economic condition. Ambition is the motive force needed to propel all of us to work towards our set cherished goals. It force that makes a person achieve things wonderful and beyond one’s natural abilities, but ambition has the power to corrupt and completely alter one’s sense of reality and morality. In one of the universities in Colombia, one of the students attended a math lecture. He sat in the back of the hall and slept quietly. At the end of the lecture, he wakes up on the students voices leaving the hall. Before leaving, he noticed that the professor has written two mathematical problems on the white board. Therefore, he wrote them down in his notebook and left the hall. When he came back home, he started solving those problems. They were very hard. Therefore, he went to the universitys library, picked up some references and started working them out again. After 4 days, he was able to solve the first problem but he was feeling very angry with his professor for giving them such a hard assignment. In the next lecture, the professor did not ask about the assignment, he was very surprised about that. Therefore, he went up to the professor and told him that the first problem took him 4 days and 4 pages to solve it. The professor was very surprised; he told the student that he did not give any assignments. The two problems that the doctor wrote on the white board, was an example of the mathematical problems, which the greatest scientist could not work out at all. As we saw in this case, the student was motivated by his ambition to solve the problem; as mentioned earlier that ambition is eager or strong desire to achieve something, hes ambition here was to solve the question although it took him humongous effort and time. The solution of this problem with its four pages is still exhibited there in this university. Ambition is defined as an eager or strong desire to achieve something, such as fame or power. Every human being needs ambition to succeed in life. It is the driving force in life, which motivates us to compete and be the best. A person without ambition is like a boat without a rudder. Ambition is the backbone of this world as it led many great men throughout history to extravagant achievements. Ambition is a good character if utilized correctly. Without ambition, life will be boring, monotonous and uninteresting. There are many different situations in which being ambitious can be a good characteristics. Nothing can be accomplished without some sort of ambition. For example, if you are trying to reach a goal, such as going to college, you must have ambition. You must have the ability and desire to accomplish your goal. But ambition requires hard work. You must do your best and put in all your time and effort. If you dont have that ambition, you wont succeed or accomplish your goal. Ambition can also bring out the worst in people. In Julius Caesar, Cassius’ ambitious nature drives him to kill his lifetime friend another example is Adolf Hitler had a vision that one day the world would be without Jews. This desire gave him the ambition to kill all of the Jews, is a form of negative ambition. Being ambitious can be a good and bad trait. It can bring out the best and worst in people. It can show peoples true colors and their true interests. We do not choose to be born. We do not choose our parents. We do not choose our historical epoch, or the country of our birth, or the immediate circumstances of our upbringing. Nor do we choose the time or conditions of our death. But within all this realm of choicelessness, we do choose how we shall live: courageously or in cowardice, honorably or dishonorably, with purpose or in drift. We decide what is important and what is trivial in life. We decide that what makes us significant is either what we do or what do refuse to do. But no matter how indifferent the universe may be to our choices and decisions, these choices and decisions are ours to make.