Quick-response decision-making in the food processing industry

A. Mousavi, Muna Hamdi and M. Sarhadi

International Journal of Industrial and Systems Engineering, 2007, vol. 2, issue 1, 99-122

Abstract: This paper proposes a quick-response decision modeller to help managers deal with the demands of a volatile food production environment. It argues the need for a focused, real-time, high-quality information apparatus to support production managers on the shopfloor. This is achieved by providing specified definitions for the Key Performance Factors (KPF) within the industry. A cost/benefit analysis tool will be presented that reports on system performance. The article presented focuses on improving the quality of decisions made during food production process with the aim of realising the real operational costs, thus improving profit margins. By creating the proper information environment and equipping the system with a suitable prediction platform, stressed managers can be advised on various action plans and the consequences for each decision. This is to be achieved, firstly, by creating a comprehensive information environment for precise measurement of the state of the system in real-time and, secondly, by providing an accurate prediction platform for improved decision-making.

Keywords: production management; key performance factors; KPF; food industry; real-time data; decision support; cost analysis; quick response; decision making; food production; volatile environment; information management. (search for similar items in EconPapers)
Date: 2007
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