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An Integrated Interpretive Structural Modeling–Fuzzy Analytic Network Process–Benefits, Opportunities, Costs And Risks Model For Selecting Technologies

Author

Listed:
  • AMY H. I. LEE

    (Department of Technology Management and Department of Industrial Management, Chung Hua University, No. 707, Sec. 2, WuFu Rd., Hsinchu 300, Taiwan)

  • HE-YAU KANG

    (Department of Industrial Engineering and Management, National Chin-Yi University of Technology, 35, Lane 215, Sec. 1, Chung San Rd, Taiping, Taichung 411, Taiwan)

  • CHAO-CHENG CHANG

    (Department of Industrial Engineering and Management, National Chin-Yi University of Technology, 35, Lane 215, Sec. 1, Chung San Rd, Taiping, Taichung 411, Taiwan)

Abstract

Technology evaluation has been increasingly important because of the pressing needs of new product introduction in a competitive global market. To select the most appropriate technology, a firm needs to have a robust technology evaluation framework to evaluate several technology candidates based on multiple criteria and evaluated by multiple experts. Thus, this paper presents an integrated model for evaluating various technologies for New Product Development (NPD). A network that takes into account the benefits, opportunities, costs, and risks (BOCR) aspects of different technologies is constructed first, and interpretive structural modeling (ISM) is applied next to determine the interrelationships among the factors. Finally, fuzzy analytic network process (FANP) is used to facilitate the evaluation process of decision makers under an uncertain environment with interrelated factors. The proposed model is applied in a flat panel manufacturer in selecting the most suitable panel technology.

Suggested Citation

  • Amy H. I. Lee & He-Yau Kang & Chao-Cheng Chang, 2011. "An Integrated Interpretive Structural Modeling–Fuzzy Analytic Network Process–Benefits, Opportunities, Costs And Risks Model For Selecting Technologies," International Journal of Information Technology & Decision Making (IJITDM), World Scientific Publishing Co. Pte. Ltd., vol. 10(05), pages 843-871.
    • Handle: RePEc:wsi:ijitdm:v:10:y:2011:i:05:n:s0219622011004592
    DOI: 10.1142/S0219622011004592
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    References listed on IDEAS

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    1. Thomas Hammons (ed.), 2009. "Renewable Energy," Books, IntechOpen, number 657.
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    Cited by:

    1. Hussain Bux & Zhe Zhang & Naveed Ahmad, 2020. "Promoting sustainability through corporate social responsibility implementation in the manufacturing industry: An empirical analysis of barriers using the ISM‐MICMAC approach," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(4), pages 1729-1748, July.
    2. Emily Bacon & Michael D. Williams & Gareth H. Davies, 2023. "On the Combinatory Nature of Knowledge Transfer Conditions: A Mixed Method Assessment," Information Systems Frontiers, Springer, vol. 25(3), pages 1039-1061, June.
    3. Kumar, D. Thresh & Palaniappan, Murugesan & Kannan, Devika & Shankar, K. Madan, 2014. "Analyzing the CSR issues behind the supplier selection process using ISM approach," Resources, Conservation & Recycling, Elsevier, vol. 92(C), pages 268-278.
    4. Derya Celik Turkoglu & Mujde Erol Genevois, 2017. "An Analytical Approach for Evaluation of ATM Deployment Problem Criteria," International Journal of Information Technology & Decision Making (IJITDM), World Scientific Publishing Co. Pte. Ltd., vol. 16(05), pages 1247-1278, September.

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