Evaluation of interconnected production sites taking into account multidimensional uncertainties

Pascal Krebs, Gunther Reinhart

Research output: Contribution to journalArticlepeer-review

10 Scopus citations

Abstract

The production sites of international companies are becoming increasingly interconnected. Due to the uncertainty of multiple factors, determining a location is a strategic choice entailing high financial risk. For this reason, a method for site evaluation was developed allowing multidimensional, i. e., both quantitative and qualitative, uncertainties to be taken into account. The uncertainties are modeled with both probability and fuzzy-set theory and integrated into a modular-structured monetary calculation model. For the analysis and interpretation of evaluation results, methods have been developed which allow risk assessment. The developed method provides a way to handle existing location risks and can thus ensure the success of manufacturing companies in the long term.

Original languageEnglish
Pages (from-to)587-601
Number of pages15
JournalProduction Engineering
Volume6
Issue number6
DOIs
StatePublished - Dec 2012

Keywords

  • Modeling of uncertainty
  • Multidimensional uncertainty
  • Production sites
  • Risk evaluation

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