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). 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