Papers
A decision making model for investment and development of construction panels
Author(s)Majid Azizi
College of Agriculture and Natural Resources
University of Tehran
Iran, Islamic Republic of
Mohammad Modarres
Department of Industrial Engineering
Sharif University of Technology
Iran, Islamic Republic of
Publication date: May, 2011
Journal: Journal of Forestry ResearchVol.: 22
Publisher: Springer
Abstract: A study was conducted to select the best alternative for the development of construction panels as well as investment in its manufacturing in Iran. Three alternatives are considered, cement-bonded wood composite product, substituted products (such as concrete panel) sandwich panel and a mixture of them. We apply the analytic network process (ANP) to achieve this goal. A hierarchy is designed to prioritize benefits, opportunities, costs and risks (BOCR) by using the Analytic Hierarchy Process (AHP) ratings approach. To evaluate the “control criteria” of the system, a control hierarchy is also created and prioritized by applying the Analytic Network Process (ANP). A total of four major control criteria in the system are prioritized where each one controls a decision network evaluated using ANP. The final synthesis of the system shows cement-bonded wood composite product is the best choice among three potential alternatives for the investment and development.
Keywords: ANP, BOCR, AHP