| Author | Yan, Jun |
| Call Number | AIT Thesis no.IE-93-13 |
| Subject(s) | Risk--Mathematical models
|
| Note | A thesis submitted in partial fulfillment of the requirement for the degree of Master of Engineering, School of Engineering and Technology |
| Publisher | Asian Institute of Technology |
| Series Statement | Thesis ; no. IE-93-13 |
| Abstract | It is widely held that the economic situation of the less developed countries can be greatly improved by conscious and judicious application of science and technology to the solution of their many problems. However, the technological selection is conceptualized as a multi-objective, multi-criterion problem in which subjective judgments and political processes play key roles. In this study, a quantitative model is presented to treat the multi-crite1ion decision-making process and may be of use to the national development planners, investment funding authorities, and entrepreneurs who are confronted with the problems of choosing an appropriate technology among some available alternatives. This model provides a systematic and analyst-independent methodology for the multi criterion technological selection process. It relates AHP model with discounted cash flow (DCF) model by using Strategic Capital Budgeting method according to Srinivasan and Kim. Because of the use of Saaty's AHP model, this compound model requires consideration of socioeconomic as well as technological factors. Simultaneously the use of DCF model which is considered as the most suitable method for project capital budgeting, makes the precise financial analysis possible. Based on the strategic capital budgeting, the development of Multi-Criterion permits the decision makers to do the risk analysis using MCDM technique. The procedure is mathematically straightforward and has the capability of integrating both objective and subjective aspects of the evaluation process, resulting in a unified technology measure as a guide for decision making. Shanghai Precision Instrument Institute of P. R. China is taken as the case study, in which the investment analysis and decision-making of high-technological investment projects, the project of Conductive Plastic Potentiometer, the project of Automobile-use Hall Ignition System and the project of PbS ( lead sulphide ) Infrared Detector are presented as the application. Through the case study, the applicability and workability of the developed model are illustrated. |
| Year | 1993 |
| Corresponding Series Added Entry | Asian Institute of Technology. Thesis ; no. IE-93-13 |
| Type | Thesis |
| School | School of Engineering and Technology (SET) |
| Department | Department of Industrial Systems Engineering (DISE) |
| Academic Program/FoS | Industrial Engineering (IE) |
| Chairperson(s) | Tang, John C. S.; |
| Examination Committee(s) | Fujiwara, Okitsugu ;Nagarur, Nagendra N.; |
| Scholarship Donor(s) | The Government of Belgium; |
| Degree | Thesis (M.Eng.) - Asian Institute of Technology |