TECHNOLOGY SELECTION FROM ALTERNATIVES: A SCORING MODEL FOR SCREENING CANDIDATES IN EQUIPMENT PURCHASING

Dimitrios A. Georgakellos ()
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Dimitrios A. Georgakellos: Department of Business Administration, University of Piraeus, 80 Karaoli & Dimitriou str., 185 34 Piraeus, Greece

International Journal of Innovation and Technology Management (IJITM), 2005, vol. 02, issue 01, 1-18

Abstract: This paper presents a technique to aid decision-making in certain technology selection projects. It describes a scoring model for screening and selecting candidates, suitable for simple cases such as equipment purchase projects. This model considers for each possible alternative its technological performance together with commercial aspects, and analyzes the results on a single "score". The main advantage of the proposed technique is that it is easy to understand and use, while not very time and effort consuming. An example of a real technology selection project from the iron and steel industry is also presented to illustrate the proposed framework.

Keywords: Technology selection; equipment purchasing; iron and steel industry (search for similar items in EconPapers)
Date: 2005
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DOI: 10.1142/S0219877005000393

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