Activity-Based-Model (ABC) is used for the purpose of significant improvement for overhead accounting systems by providing the best information required for managerial decision. This pa-per discusses implacability of ABC technique on inventory valuation as a management account-ing innovation. In order to prove the applicability of ABC for inventory control a material driven medium-sized and privately owned company from engineering (iron and steel) industry is select-ed and by analysis of its production process and its material dependency and use of indirect in-ventory, an ABC model is explored for better inventory control. The case revealed that the ne-cessity of ABC in the area of inventory control is significant. The company is not only able to increase its quality of decision but also it can significantly analyze its cost of direct material cost, valuation of direct material and use its implications for better decision making.

With the progress in technology and innovation in product development, the contribution of computer- aided design (CAD) software in the design and manufacture of parts/products is growing on significantly. Selection of an appropriate CAD software is not a trifling task as it involves analyzing the appositeness of the available software packages to the unique requirements of the organization. Existence of a large number of CAD software vendors, presence of discordance among different hardware and software systems, and dearth of technical knowledge and experience of the decision makers further complicate the selection procedure. Moreover, there are very few published research papers related to CAD software selection, and majority of them have either employed criteria weights computed utilizing subjective judgements of the end users or floundered to incorporate the voice of customers in the decision making process. Quality function deployment (QFD) is a well-known technique for determining the relative importance of customers’ defined criteria for selection of any product or service. Therefore, this paper deals with design and development of a QFD-based decision making model in Visual BASIC 6.0 for selection of CAD software for manufacturing organizations. In order to demonstrate the applicability and potentiality of the developed model in the form of a software prototype, two illustrative examples are also provided.

Flexible manufacturing system (FMS) is an important component of competitive strategy, which could be used for improving organizational performance, productivity, and profitability. The goal of this research is to use DEMATEL approach for finding the intensity of influence of selected criteria. Then, in order to evaluate flexible manufacturing systems, the results of DEMATEL are used in SAW method. A questionnaire was developed and ten professional experts working in various departments of Aluminum Composite Panel Industry are asked to answer its questions. The obtained results reveal that in this case, it is a better choice not to implement and develop FMS.

Six Sigma is a philosophy of unremitting improvement and excellence in all aspects. The concept is a satisfactory modification process tool through customers, continuous improvement and stakeholder participation. Six Sigma is considered as statistical analysis, assessment scales and customer-oriented production accomplishments and it leads to defect production reduction. This paper recommends an approach to select Six Sigma projects using fuzzy multiple attribute decision making techniques composed with another concoction tool. Through insightful quarrying of literature, rudimentary criteria for selecting Six Sigma projects were revealed. The fundamental criteria were identified consuming the fuzzy hypothesis test. Having identified the most indispensable criteria, the weight of criteria were determined. Appling FANP techniques. Having calculated the weights pertinent to criteria through three methods, SAW, TOPSIS, and Fuzzy VIKOR, Six Sigma projects were introduced and prioritized. Applying the three methods engendered various results, which required the application of an amalgamation technique, entitled as Borda and it helped to clarify the final project rate.

Competitive intelligence is the art of gathering, processing and analyzing the information about the competitors and environment in order to create and sustain the competitive advantage. The application of competitive intelligence in export companies can provide a complete picture of current and future competitive status for managers in addition to obtaining the most appropriate strategic decisions, which could ultimately lead to the improved exports in these companies. This study investigates the role of competitive intelligence for improvement of exports in Iranian industries. Using structural equation modeling, the study has detected six factors including understanding the competitive environment, intelligent response, superior features, customer orientation, managerial skills and competitive advantage.

Non-traditional machining (NTM) refers to a variety of thermal, chemical, electrical and mechanical material removal processes, developed to generate complex and intricate shapes in advanced engineering materials with high strength-to-weight ratio. Selection of the optimal NTM process for generating a desired feature on a given material requires the consideration of several factors among which the type of the work material and shape to be machined are the most significant ones. Presence of a large number of NTM processes along with their complex characteristics and capabilities, and lack of experts in NTM process selection domain compel for development of a structured approach for NTM process selection for a given machining application. Thus, the objective of this paper is set to develop a decision-making model in Visual BASIC 6.0 to automate the NTM process selection procedure with the help of graphical user interface and visual decision aids. It is also integrated with quality function deployment technique to correlate the customers’ requirements (product characteristics) with technical requirements (process characteristics). Four illustrative examples are also provided to demonstrate the potentiality of the developed model in solving NTM process selection problems.

The way orders are accepted or rejected is the most important factor in customer satisfaction and success of make-to-order systems. The incoming orders to such organizations have certain delivery date in which the customer expects the order to be fulfilled and delivered. In some cases, unexpectedly increased orders exceed the existing capacity for on time fulfillment. In addition to rejection of order, as a typical choice, other options like outsourcing and capacity expansion are available to compensate for capacity shortage and deliver incoming orders according to schedule. However, each of the proposed options is superior in one or more criteria and so selecting the best one is not simply possible. The main goal of this study is to provide managers with a comprehensive, systematic, and applicable approach to evaluate and select the best of the existing options. For this purpose, a model comprised of some multi-criteria techniques is delivered. Our proposed model is a blend of FAHP and FTOPSIS methods. In this model, FAHP is first used to determine the weight of criteria and then Fuzzy-TOPSIS (FTOPSIS) is employed to rank the options. Finally, the proposed model is applied on an actual case to assess and examine its efficiency.

Optimization of outsourcing operations plays an important role on development and progress for modern organizations. One important question in optimization process is to find a tradeoff between advantage and disadvantage of outsourcing and make appropriate decision whenever outsourcing action is necessary. In fact, there are several cases where outsourcing is not implemented properly and organizations suffer from the consequences. The primary purpose of this paper is to investigate various aspects of outsourcing to facilitate decision-making process in fuzzy environments. The preliminary results detect some of the necessary actions for decision making operations.

Portfolio selection is one of the important problems encountered by any investor. The purpose of this paper is to solve a real stock portfolio selection problem in Iran. According to the uncertain environments in which financial decisions are made, most of the recent works in this field use fuzzy sets theory in order to incorporate these uncertainties into their analysis. The problem is to determine how to allocate a limited fund among the stocks of some pharmaceutical companies in Tehran stock exchange. For this purpose we apply two fuzzy analytic hierarchy process (FAHP) methods to this problem. Finally, the results obtained from the two methods are compared in terms of the solution quality.