An Integrated Approach of BOCR Modeling Framework for Decision Tool Evaluation

Already faced with tight competition and low profit margins, the airline industry is going through major changes in the wake of the current pandemic resulting in travel restrictions and slump demands, prompting airlines to curtail services and investments in every aspect of business. To that end, developing a comprehensive method of improving airline performance measures is crucial. However, this type of problem is complex to solve due to a large number of factors, requiring a systematic approach. It entails taking into account a multitude of conflicting, or sometimes interrelated criteria, hence becoming an inherently multiple criteria decision making problem. This study is aimed to assess the competitiveness of airlines and evaluate their financial and operational performances in relation to such criteria. We test FAHP, TOPSIS, and a hybrid method of combining FAHP and TOPSIS methods. In particular, regarding the hybrid method, FAHP is employed to determine the influential weights of criteria that are utilized in TOPSIS for preference values among alternatives. We demonstrate the applicability of the proposed methods to solving a MCDM problem of airline performance assessments using real data sets. Further, this study focuses on examining the relationship between financial and operational performance criteria, as well as gleaning insights for airlines to build an evaluation system that would aid in understanding their strength and weakness in the performance metrics. The computational experiment results of our hybrid FAHP-TOPSIS model support the efficacy of incorporating fuzzy values concerning influential weight criteria. By judiciously distributing criteria weights that are specific to the airline industry, our proposed model captures preference scores reflective of industry-related and concurrent measures. This modeling framework can help airlines better evaluate the systematic influential relation structure among criteria in critical financial and operational dimensions.

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Activity-Based Costing And The Theory Of Constraints: Using Time Horizons To Resolve Two Alternative Concepts Of Product Cost

Journal of Applied Business Research (JABR) ◽

10.19030/jabr.v14i1.5730 ◽

2011 ◽

Vol 14 (1) ◽

pp. 83 ◽

Cited By ~ 10

Author(s):

Ralph B. Fritzsch

Keyword(s):

Strategic Planning ◽

Integrated Approach ◽

Theory Of Constraints ◽

Activity Based Costing ◽

Decision Tool ◽

Product Cost ◽

Planning And Control ◽

Time Horizons ◽

Short Run ◽

And Control

<span>Activity-based costing and the Theory of Constraints have generated a substantial literature that reflects the importance of these topics with practitioners. These two methods appear to represent conflicting viewpoints of product cost. Rather than trying to resolve the question of whos right, each method is examined with respect to its implicit assumptions about time horizons. The Theory of Constraints emerges as a short-run decision tool while Activity-Based Costing has its primary application in strategic planning and control. The problems associated with these methods if time horizons change are examined and suggestions for an integrated approach incorporating elements of both methods are presented.</span>

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Dynamic Enterprise Modeling for Knowledge Worker Industries

Adaptive Technologies and Business Integration ◽

10.4018/978-1-59904-048-6.ch003 ◽

2007 ◽

pp. 59-81

Author(s):

I. McKeachie

Keyword(s):

Knowledge Worker ◽

Integrated Approach ◽

Enterprise Modeling ◽

Theoretical Frameworks ◽

Modeling Framework ◽

Management Capability ◽

Management Paradigms ◽

Business And Management ◽

Empirical Framework

This chapter presents a case study of the empirical development and implementation of a commercially successful enterprise modeling framework and associated constructs. We discuss the objectives from a practical business and management viewpoint and provide a guide for implementation of the empirical framework in real enterprises. An integrated approach was found to be essential quite early in the empirical development for successful outcomes to be obtained. What is offered as novel is the successful integration of standard theoretical frameworks with empirical business and management models, including areas that previously have not been covered in an integrated fashion, such as strategic management capability, the ability to integrate the framework with various management paradigms and partial automation of model data capture.

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