Electronic Device Selection in Industrial Products and Machinery Industry: Comparative Analysis with Ocra and Maut Method
The diversity and abundance of product alternatives lead to vagueness on decisions related to procurement, production, and R & D management processes along with other decisions taken within the company and render purchasing, production and R&D decision processes, much more effortful. As choosing appropriate and effective decisions within purchasing, production, R&D, and all other departments are of great importance in today’s competitive business environment, firms are strongly encouraged to concentrate on their decision processes. Within the scope of this study, the purchase decisions of electronic device alternatives are being analysed in industrial products and machinery industry with OCRA method. The importance levels of evaluation criteria for the purchase are obtained out of 100 points. These importance levels are then being used in OCRA method in an attempt to evaluate various electronic device alternatives. In order to scrutinize the results, it can be said that the same data set is compatible with MAUT, which is another multi-criteria decision making method. Information regarding the evaluation criteria as well as alternatives of electronic device has been gathered through focus group study that includes marketing and purchasing managers. The results provide useful information for the sector.
Copyright (c) 2019 International Journal of Contemporary Economics and Administrative Sciences
This work is licensed under a Creative Commons Attribution 4.0 International License.
The Author(s) must make formal transfer of copyright for each article prior to publication in the International Journal of Contemporary Economics and Administrative Sciences. Such transfer enables the Journal to defend itself against plagiarism and other forms of copyright infringement. Your cooperation is appreciated. You agree that copyright of your article to be published in the International Journal of Contemporary Economics and Administrative Sciences is hereby transferred, throughout the World and for the full term and all extensions and renewals thereof, to International Journal of Contemporary Economics and Administrative Sciences.
The Author(s) reserve(s): (a) the trademark rights and patent rights, if any, and (b) the right to use all or part of the information contained in this article in future, non-commercial works of the Author's own, or, if the article is a "work-for-hire" and made within the scope of the Author's employment, the employer may use all or part of the information contained in this article for intra-company use, provided the usual acknowledgements are given regarding copyright notice and reference to the original publication.
The Author(s) warrant(s) that the article is Author's original work, and has not been published before. If excerpts from copyrighted works are included, the Author will obtain written permission from the copyright owners and shall credit the sources in the article. The author also warrants that the article contains no libelous or unlawful statements, and does not infringe on the rights of others. If the article was prepared jointly with other Author(s), the Author agrees to inform the co-Author(s) of the terms of the copyright transfer and to sign on their behalf; or in the case of a "work-for-hire" the employer or an authorized representative of the employer.
The journal is registered with the ISSN : 1925-4423.
IJCEAS is licensed under a Creative Commons Attribution 4.0 International License.
This license lets others distribute, remix, tweak, and build upon your work, even commercially, as long as they credit you for the original creation. This is the most accommodating of licenses offered. Recommended for maximum dissemination and use of licensed materials.