Thats a unique idea.You should consider the following idea to enhance your idea so that it would impact uniquely: Purpose – Facility location decisions are critical and should be taken after strategic evaluations. Globalization and integration of economies make such decisions further complex and risk prone. The purpose of this paper is to identify and assess the risk factors to be considered while taking new facility location decision associated with global supply chain and device the methodology. A grey-based multi-criteria decision-making (MCDM) approach is used for this purpose, which also takes in to account the uncertainty in decision making. Such approach enables final decision to be more real and practical. The paper also highlighted and discussed the criteria on the basis of which the management can select the best suitable site. Design/methodology/approach – The risk factors related to facility location for a global firm are identified. To select the location of a global facility with least risk, grey-based MCDM approach is formulated. This grey-based MCDM is demonstrated using the hypothetical case of an in...
['Surya Prakash', 'Gunjan Soni', 'Ajay Pal Singh Rathore']
I am writing a research paper on a idea A grey based approach for assessment of risk associated with facility location in global supply chain
[{"from": "human", "value": "I am writing a research paper on a idea A grey based approach for assessment of risk associated with facility location in global supply chain"}, {"from": "gpt", "value": "Thats a unique idea.You should consider the following idea to enhance your idea so that it would impact uniquely: Purpose \u2013 Facility location decisions are critical and should be taken after strategic evaluations. Globalization and integration of economies make such decisions further complex and risk prone. The purpose of this paper is to identify and assess the risk factors to be considered while taking new facility location decision associated with global supply chain and device the methodology. A grey-based multi-criteria decision-making (MCDM) approach is used for this purpose, which also takes in to account the uncertainty in decision making. Such approach enables final decision to be more real and practical. The paper also highlighted and discussed the criteria on the basis of which the management can select the best suitable site. Design/methodology/approach \u2013 The risk factors related to facility location for a global firm are identified. To select the location of a global facility with least risk, grey-based MCDM approach is formulated. This grey-based MCDM is demonstrated using the hypothetical case of an in..."}]