Business Project

Recommendations (4)


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During our most recent weekly group meeting,
participants expressed concern over the difficulty that decision makers
face. A decision-making environment is increasingly
complex. For instance, selecting the criteria for developing a decision
evaluation model is extremely difficult. While too few criterion in the
evaluation model leads to incomplete results, too many makes the
model too complex and difficult to evaluate. Conventional evaluation
models are generally concerned only with economic factors and neglect
factors that can not be evaluated by money. However,
large investment programs have many intangible factors that can not
be valued, such as the satisfaction of related groups and potential
environmental impacts. (NOTE : Add 2-4 sentences that describe
characteristics of the problem or statistics that reflect its severity)
In addition to an economic criterion, for example,
when evaluating different brands of a bus system, many criterion are
still available such as the pollution levels emitted by a bus and the
driving skills of the operator. Adopting the
conventional models likely causes decision makers to select an
inappropriate scheme. For instance, in governmental investment
decisions, implementing an inappropriate scheme will incur large social
costs and a loss of resources.
(:)
Therefore, we recommend developing an efficient evaluation
model that can select natural gas bus brands and facilitate an evaluation of an
appropriate number of criteria under cost and effectiveness categories.
To do so, natural gas bus brands can be selected via the model by
performing cost effectiveness analysis. Each criterion can also be evaluated
under cost and effectiveness categories. Two methodologies of multiple attribute
decision making (MADM), technique for order preference by similarity to ideal
solution (TOPSIS) and analytic hierarchy process (AHP), can then be used to
rank all viable alternatives to bus systems from a complete perspective.
As anticipated, the proposed model can evaluate exactly how cost and
effectiveness of all viable alternatives to bus systems are related. The evaluation
results can provide us with economic information not only on all viable
alternatives to bus systems, but also on many other comparative situations.
Importantly, the proposed model can provide a valuable reference for
governmental authorities when selecting the brands of bus systems. Moreover,
the ranking methodology can provide a more objective outcome with weights of
related decision groups than other ones. The ranking methodology can also
provide a more flexible procedure in terms of an outcomes complexity.
Furthermore, the ranking outcome can allow decision makers to identify the order
preferences between alternatives.
(:)
At a recent meeting, members discussed the
increasing incidence of unstable servers and contributing factors.
Despite the obstacles to forecasting capacity planning
accurately, our company strives to enhance its market competitiveness
by developing a more precise model. Although a viable
solution to this problem, the dynamic capacity model requires a
tremendous amount of data input. Generally, more data input implies a
more accurate model. Restated, an accurate capacity forecast depends
on sufficient input. (NOTE : Add 2-4 sentences that describe
characteristics of the problem or statistics that reflect its severity)
According to our estimates, the dynamic capacity
forecast and the actual throughput diverge by less than 10%.
Given the necessity of a stable server, a situation in which
the server is down more than twice monthly will negatively impact our
data reliability. As is well known, the CIM system is occasionally
unstable. The deviation may require close collaboration between
departments.
(:)
Therefore, we recommend developing a precise
dynamic capacity model capable of forecasting capacity accurately.
To do so, parametric effectiveness analysis can be
performed to forecast capacity accurately from the input data. Each
criterion can also be evaluated under quantity and time phase
categories, using historical data. A simulation attempts to create a
mathematical environment to access the real world. More data input
implies a more accurate output. The parameters can then be measured.
Additionally, the wafer start schedule and equipment status (which are
the primary parameters) can then be regulated to rank all viable
alternatives to forecast the capacity. As anticipated, the
ranked forecasting capacities can provide a more objective outcome,
with the weights of the Marketing Department, than can conventional
models. Moreover, the ranked forecasting capacities allow the Sales
Department to identify the influence of customers orders on
alternatives. Importantly, the dynamic capacity model can
evaluate the cost and effectiveness of all viable alternatives to our
fabrication, in which the quantity of work in process influences our
inventory costs. (NOTE : Add 2 more sentences that describe more
thoroughly how the proposed method contributes to a particular field or
sector)
Further details can be found at
http://www.chineseowl.idv.tw