Investment performance analysis of industrial products: case of an effluent processing facility at a chemical company
This paper proposes an approach to a multi-criteria investment performance analysis of industrial products. Manufacturers must determine the necessary and sufficient specification of products they use. Such an analysis, however, involves a broad range of factors, including some that are subjective...
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| Format: | Article |
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Elsevier
2017
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| Online Access: | https://eprints.nottingham.ac.uk/40469/ |
| _version_ | 1848796064991150080 |
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| author | Sato, Yuji Tan, Kim Hua Tse, Ying Kei |
| author_facet | Sato, Yuji Tan, Kim Hua Tse, Ying Kei |
| author_sort | Sato, Yuji |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | This paper proposes an approach to a multi-criteria investment performance analysis of industrial products. Manufacturers must determine the necessary and sufficient specification of products they use. Such an analysis, however, involves a broad range of factors, including some that are subjective. The performance analysis and decision making for investment thus must often rely heavily on past experience, generalities, and intuition. This paper addresses these issues from a benefit, opportunity, cost and risk (BOCR) perspective, in which the criteria are prioritized and the products are evaluated objectively. Pairwise comparisons among the criteria and quantitative assessments of the performance of products comprise a prioritized BOCR analysis. A case study demonstrating the applicability of the proposed approach is conducted at a chemical company. Results show that the proposed approach succeeds in the multi-criteria performance analysis of industrial products, resulting in a practical proposal of a product specification best suited to this company’s case. |
| first_indexed | 2025-11-14T19:42:03Z |
| format | Article |
| id | nottingham-40469 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| last_indexed | 2025-11-14T19:42:03Z |
| publishDate | 2017 |
| publisher | Elsevier |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-404692020-05-04T19:54:14Z https://eprints.nottingham.ac.uk/40469/ Investment performance analysis of industrial products: case of an effluent processing facility at a chemical company Sato, Yuji Tan, Kim Hua Tse, Ying Kei This paper proposes an approach to a multi-criteria investment performance analysis of industrial products. Manufacturers must determine the necessary and sufficient specification of products they use. Such an analysis, however, involves a broad range of factors, including some that are subjective. The performance analysis and decision making for investment thus must often rely heavily on past experience, generalities, and intuition. This paper addresses these issues from a benefit, opportunity, cost and risk (BOCR) perspective, in which the criteria are prioritized and the products are evaluated objectively. Pairwise comparisons among the criteria and quantitative assessments of the performance of products comprise a prioritized BOCR analysis. A case study demonstrating the applicability of the proposed approach is conducted at a chemical company. Results show that the proposed approach succeeds in the multi-criteria performance analysis of industrial products, resulting in a practical proposal of a product specification best suited to this company’s case. Elsevier 2017-12 Article PeerReviewed Sato, Yuji, Tan, Kim Hua and Tse, Ying Kei (2017) Investment performance analysis of industrial products: case of an effluent processing facility at a chemical company. International Journal of Production Economics, 194 . pp. 52-58. ISSN 0925-5273 Performance analysis; Industrial products; Customer preference; Subjective factor; Analytic hierarchy process; BOCR analysis http://www.sciencedirect.com/science/article/pii/S0925527316304005 doi:10.1016/j.ijpe.2016.12.021 doi:10.1016/j.ijpe.2016.12.021 |
| spellingShingle | Performance analysis; Industrial products; Customer preference; Subjective factor; Analytic hierarchy process; BOCR analysis Sato, Yuji Tan, Kim Hua Tse, Ying Kei Investment performance analysis of industrial products: case of an effluent processing facility at a chemical company |
| title | Investment performance analysis of industrial products: case of an effluent processing facility at a chemical company |
| title_full | Investment performance analysis of industrial products: case of an effluent processing facility at a chemical company |
| title_fullStr | Investment performance analysis of industrial products: case of an effluent processing facility at a chemical company |
| title_full_unstemmed | Investment performance analysis of industrial products: case of an effluent processing facility at a chemical company |
| title_short | Investment performance analysis of industrial products: case of an effluent processing facility at a chemical company |
| title_sort | investment performance analysis of industrial products: case of an effluent processing facility at a chemical company |
| topic | Performance analysis; Industrial products; Customer preference; Subjective factor; Analytic hierarchy process; BOCR analysis |
| url | https://eprints.nottingham.ac.uk/40469/ https://eprints.nottingham.ac.uk/40469/ https://eprints.nottingham.ac.uk/40469/ |