Investment Performance Analysis of Industrial Products: Case of an Effluent Processing Facility at a Chemical Company

Yuji Sato, Kim Hua Tan, Ying Kei Tse

Research output: Contribution to journalArticlepeer-review


This paper proposes an approach to a multi-criteria investment performance analysis of industrial products. Manufacturers must determine the necessary and sufficient specification of products they use. Such an analysis, however, involves a broad range of factors, including some that are subjective. The performance analysis and decision making for investment thus must often rely heavily on past experience, generalities, and intuition. This paper addresses these issues from a benefit, opportunity, cost and risk (BOCR) perspective, in which the criteria are prioritized and the products are evaluated objectively. Pairwise comparisons among the criteria and quantitative assessments of the performance of products comprise a prioritized BOCR analysis. A case study demonstrating the applicability of the proposed approach is conducted at a chemical company. Results show that the proposed approach succeeds in the multi-criteria performance analysis of industrial products, resulting in a practical proposal of a product specification best suited to this company's case.

Original languageEnglish
Pages (from-to)52-58
Number of pages7
JournalInternational Journal of Production Economics
Early online date16 Dec 2016
Publication statusPublished - Dec 2017

Bibliographical note

© 2016 Elsevier B.V. All rights reserved. This is an author-produced version of the published paper. Uploaded in accordance with the publisher’s self-archiving policy. Further copying may not be permitted; contact the publisher for details.


  • Analytic hierarchy process
  • BOCR analysis
  • Customer preference
  • Industrial products
  • Performance analysis
  • Subjective factor

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