POLICY OPTIMIZATION ON A MANUFACTURING COMPANY IN RAPID GROWTH: A CASE STUDY

Feyza Gürbüz; Fatma Gökçe Önen

POLICY OPTIMIZATION ON A MANUFACTURING COMPANY IN RAPID GROWTH: A CASE STUDY

Abstract

Decision making and policy development is an important process for organizations, since the consequences of given decisions were identified among the major risk factors for organizations’ future. This study aims to prove the importance of using combined decision making methods for a successful and strong decision making for managers. We integrate the multi-criteria decision making methods into a strengths, weaknesses, opportunities and threats (SWOT) analysis framework to show the applicability of the proposed method in a ceramic manufacturing firm in Kayseri, Turkey. Multi-criteria decision making processes were applied for taking quick action for future policies. SWOT analysis is used to optimize potential policies. Then, multi-criteria decision making methods: Analytical Hierarchy Process (AHP), The Technique for Order of Preference by Similarity to Ideal Solution (TOPSIS) and Grey Relational Analysis (GRA) are used in order to determine the importance of each potential policy. Determining the importance of the policies also gives the best solution for each method. This study shows the potential policies ranked by different multi-criteria decision-making methods for simplifying the decision-making process.

Keywords

References

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Details

Primary Language

English

Subjects

Engineering

Journal Section

Research Article

Authors

Feyza Gürbüz This is me
0000-0002-6327-8232
Türkiye

Fatma Gökçe Önen This is me
0000-0002-4828-4124
Türkiye

Publication Date

September 1, 2018

Submission Date

April 6, 2017

Acceptance Date

March 29, 2018

Published in Issue

Year 2018 Volume: 36 Number: 3

IZ

https://izlik.org/JA32LK39AF

Cite

RIS / Bibtex

APA

Gürbüz, F., & Önen, F. G. (2018). POLICY OPTIMIZATION ON A MANUFACTURING COMPANY IN RAPID GROWTH: A CASE STUDY. Sigma Journal of Engineering and Natural Sciences, 36(3), 693-703. https://izlik.org/JA32LK39AF

AMA

1.Gürbüz F, Önen FG. POLICY OPTIMIZATION ON A MANUFACTURING COMPANY IN RAPID GROWTH: A CASE STUDY. SIGMA. 2018;36(3):693-703. https://izlik.org/JA32LK39AF

Chicago

Gürbüz, Feyza, and Fatma Gökçe Önen. 2018. “POLICY OPTIMIZATION ON A MANUFACTURING COMPANY IN RAPID GROWTH: A CASE STUDY”. Sigma Journal of Engineering and Natural Sciences 36 (3): 693-703. https://izlik.org/JA32LK39AF.

EndNote

Gürbüz F, Önen FG (September 1, 2018) POLICY OPTIMIZATION ON A MANUFACTURING COMPANY IN RAPID GROWTH: A CASE STUDY. Sigma Journal of Engineering and Natural Sciences 36 3 693–703.

IEEE

[1]F. Gürbüz and F. G. Önen, “POLICY OPTIMIZATION ON A MANUFACTURING COMPANY IN RAPID GROWTH: A CASE STUDY”, SIGMA, vol. 36, no. 3, pp. 693–703, Sept. 2018, [Online]. Available: https://izlik.org/JA32LK39AF

ISNAD

Gürbüz, Feyza - Önen, Fatma Gökçe. “POLICY OPTIMIZATION ON A MANUFACTURING COMPANY IN RAPID GROWTH: A CASE STUDY”. Sigma Journal of Engineering and Natural Sciences 36/3 (September 1, 2018): 693-703. https://izlik.org/JA32LK39AF.

JAMA

1.Gürbüz F, Önen FG. POLICY OPTIMIZATION ON A MANUFACTURING COMPANY IN RAPID GROWTH: A CASE STUDY. SIGMA. 2018;36:693–703.

MLA

Gürbüz, Feyza, and Fatma Gökçe Önen. “POLICY OPTIMIZATION ON A MANUFACTURING COMPANY IN RAPID GROWTH: A CASE STUDY”. Sigma Journal of Engineering and Natural Sciences, vol. 36, no. 3, Sept. 2018, pp. 693-0, https://izlik.org/JA32LK39AF.

Vancouver

1.Feyza Gürbüz, Fatma Gökçe Önen. POLICY OPTIMIZATION ON A MANUFACTURING COMPANY IN RAPID GROWTH: A CASE STUDY. SIGMA [Internet]. 2018 Sep. 1;36(3):693-70. Available from: https://izlik.org/JA32LK39AF