Abstract
Global Facility Location (GFL) is a crucial and irreversible decision for top management of the global business firms, searching for potential countries in global markets. It, therefore, requires a broader analysis of a large number of influencing criteria. There are hardly any GFL studies focusing on the real world uncertainties, future dynamics and interaction of GFL stakeholders. This work is about establishing a new platform for dynamic analysis of GFL problems by screening out the most critical influencing parameters and establishing an initial pattern of Agent Based Modelling (ABM). Using a hybrid Fuzzy Analytic Hierarchy Process (F-AHP), the parameters initially explored from literature are prioritized and rankings in terms of objective-functions are calculated for a selected set of countries. The results of F-AHP models in terms of screened out parameters and Country Objective Functions (COF’s) are used as inputs to the ABM platform. The investor agent senses the COF in agent-set of countries and moves for plant installation to one with highest COF value. The results of hybrid ABM-GFL are more flexible and comprehensive than other methodologies as it not only considers the mutli-objective nature of the GFL problem but also takes into account the real world ambiguities in data pools & expert opinions. It also deals with dynamic priorities and stochastic country ratings which are changing over the time span of simulation.
Original language | English |
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Journal | Proceedings of International Conference on Computers and Industrial Engineering, CIE |
Volume | 2018-December |
Publication status | Published - 1 Jan 2018 |
Event | 48th International Conference on Computers and Industrial Engineering, CIE 2018 - Auckland, New Zealand Duration: 2 Dec 2018 → 5 Dec 2018 |
Conference
Conference | 48th International Conference on Computers and Industrial Engineering, CIE 2018 |
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Country/Territory | New Zealand |
City | Auckland |
Period | 02/12/2018 → 05/12/2018 |
Keywords
- Agent-based Modelling and Simulation (ABMS)
- Fuzzy-Analytical Hierarchy Process (F-AHP)
- Global Facility Location (GFL)
- Multi-criteria Decision Making (MCDM)