Purpose The purpose of this research paper is to identify the enablers for Lean implementation in the manufacturing sector, to establish a relationship among them using interpretive structural modeling (ISM) and to rank them using interpretive ranking process (IRP). Design/methodology/approach...

Purpose The purpose of this paper is to investigate the impact of bias error resulted from using Monte Carlo simulation in evaluating the American-style option value. Design/methodology/approach The authors develop an analytical approximation formula to quantify the bias error under the...

Purpose The purpose of this paper is to determine the criteria weights of outsourcing and their key role in ranking outsourcing suppliers. Design/methodology/approach A new hybrid multi-criteria decision-making approach merges three tools, namely, decision making trial and evaluation (DEMATLE),...

Purpose This study aims to apply statistical process control (SPC) techniques to improve the quality and efficiency of the processes in a restaurant. Design/methodology/approach SPC tools such as check sheet, cause-and-effect analysis, Pareto chart, control charts and SERVQUAL methodology is...

Purpose – The purpose of this paper is to propose a supplier selection model for an automobile company using analytic hierarchy process (AHP) approach. Supplier selection is now growing to be an important but complex issue, as it involves a large number of factors and decisions. These factors...

Purpose – The purpose of this paper is to identify the factors influencing investment decisions in mobile services for profitablity and to become a global leader in mobile services sector. Design/methodology/approach – A two-stage methodology is followed. In the first stage, factors are...

Purpose This paper aims to propose a modeling and decision-making framework for organizational sustainability excellence of construction firms. This research aims to find how construction organizations can achieve excellence in terms of corporate sustainability. Design/methodology/approach This...

Purpose The present paper aims to draw an attention towards the inclusion of forecast related costs. Its main purpose is to initiate a new line of research/practice including the forecasting expenditure. Design/methodology/approach After a relevant review of supply chain/procurement/production...

Purpose – This study aims to identify if an integration between knowledge strategy and knowledge management (KM) processes leads to organizational creativity and performance. Design/methodology/approach – Quantitative strategy and cross-sectional survey method were used to collect data. In...

Purpose – This study aims to use a graphical approach to highlight the differences between outranking and preference relationships. The outranking principle is based on a structure of non-dominance, which differs from the usual structures of preferences. Design/methodology/approach – To...