Justification of World-Class Manufacturing Systems using the Analytic Hierarchy Process
Rambabu Kodali,
G. Anand and
Vivek K. Sunnapwar
International Journal of Management Practice, 2007, vol. 2, issue 3, 173-196
Abstract:
In recent years, quite a few industries claim that they are "world-class" and many other industries have embarked on their journey to attain the "world-class" status. But there is a general challenge offered by World-Class Manufacturing Systems (WCMS) to the field of engineering economics, when it becomes necessary to justify its adoption or implementation. The traditional justification approaches do not account for the significant intangible benefits offered by WCMS. Hence, this paper attempts to demonstrate the application of the Analytic Hierarchy Process (AHP) to overcome the above-mentioned problem. From an extensive analysis of the results, it is evident that implementation of WCMS would result in overall improvement in the performance of an organisation in comparison with the alternatives.
Keywords: world class manufacturing systems; WCMS; analytical hierarchy process; AHP; justification; engineering economics. (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijmpra:v:2:y:2007:i:3:p:173-196
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