scholarly journals Research on Sustainable Management Strategies for the Machine Tool Industry during the COVID-19 Pandemic in Taiwan

2021 ◽  
Vol 13 (23) ◽  
pp. 13449
Author(s):  
Dyi-Cheng Chen ◽  
Tzu-Wen Chen
Keyword(s):  
Machine Tool ◽  
Industrial Development ◽  
Raw Materials ◽  
Management Strategies ◽  
Learning Ability ◽  
Business Strategies ◽  
Multiple Sources ◽  
Machine Tool Industry ◽  
Fuzzy Delphi ◽  
Epidemic Period

The machine tool industry is an economically important industry in Taiwan. However, due to the limited natural resources in Taiwan, many of the raw materials required for production must be imported. In 2020, COVID-19, the most serious infectious disease in modern times, broke out across the globe. This has had a great impact on the economic and industrial development of various countries and indirectly affected the development of the machine tool industry. The machine tool industry generally is facing shocks and crises. Therefore, this research article mainly discusses a sustainable operation strategy for the machine tool industry during the COVID-19 epidemic period in Taiwan. Firstly, through the literature on dynamic capability theory (DCT) and expert interviews, the relevant dimensions and criteria are summarized. Then, the fuzzy Delphi method (FDM) and the analytic network process (ANP) are integrated to confirm the relevant dimensions and criteria and to sort the criteria. The five dimensions, in order, are integration ability, learning ability, quality improvement, environmental adaptation, and marketing ability. The ten criteria are diversified learning and innovation ability, integration of multiple sources of knowledge, the ability to learn across departments, the ability to adapt to the external environment, marketing strategy ability, organizational learning ability, integration of resources, improved management efficiency, market research ability, and backward integration. Finally, we put forward business strategies for the ranking results and provide relevant research and industry references.

Technology Transfer to the China Machine Tool Industry

1997 ◽  
Vol 11 (1) ◽  
pp. 35-39 ◽  
Author(s):  
David Bennett ◽  
Kirit Vaidya ◽  
Zhao Hongyu ◽  
Wang Xing Ming
Keyword(s):  
Technology Transfer ◽  
Machine Tool ◽  
Industrial Development ◽  
Chinese Enterprises ◽  
Machine Tool Industry ◽  
Foreign Companies ◽  
Valuation Model ◽  
Questionnaire Surveys ◽  
The Uk ◽  
Tool Technology

Due to its fast growth China is rapidly becoming a focus for globalized manufacturing strategies and is now one of the world's largest markets for technology. The international transfer of manufacturing technology has also contributed significantly to the recent sharp increase in the rate of China's industrial development. The Chinese machine tool industry, for example, has exhibited an annual growth of more than 12% between 1980 and 1995 and is now one of the largest markets for machine tool technology. Technology transfer agreements are not motivated only by the willingness of foreign suppliers but also by the desire of Chinese enterprises to acquire technology. One of the major problems in technology transfer is how to establish the value of the technology. In many cases partnerships between foreign companies and Chinese enterprises fail to become established because the value of technology cannot be agreed by both sides. It is therefore important to establish a method for valuing transferred technology. This paper outlines the concept of a technology valuation model which is being developed using empirical data from the machine tool industry. It is based on research carried out in the UK and China, and draws on selected case studies of technology transfer in the machine tool sector supplemented by information obtained from questionnaire surveys carried out in both countries.

UNIDO, Industrial Processing of Natural Resources. New York: United Nations. 1981. viii + 78pp.US $ 5.00. [United Nations Publication Sales No. E. 81. 11 . B.1]

1982 ◽  
Vol 21 (4) ◽  
pp. 329-333
Author(s):  
Rashid Aziz
Keyword(s):  
New York ◽  
United Nations ◽  
Industrial Development ◽  
Raw Materials ◽  
Developed Countries ◽  
Raw Material ◽  
Industrial Processing ◽  
Depth Study ◽  
Manufactured Exports ◽  
Year 2000

The book under review is a concise but fairly in-depth study of the prospects for export diversification from the Less Developed Countries (henceforth labeled as LDCs) particularly to Developed Countries (henceforth labeled as OCs). Given the multiple problems faced by the LOCs in exporting to the OCs - protectionist policies with regards to manufactured exports, volatility of prices obtained for raw material exports, etc. - the study analyses the potential for following an intermediate route. The important issues in the export of semi -processed and wholly processed raw materials are discussed. 111ese issues range from the problems and potentials for the location of processing facilities in the LOCs to the formulation of appropriate policies to encourage an export of processed goods rather than raw materials. Such policies will be useful both in solving the balance of-payments problems of the LDCs and in attaining the goal of the Lima Declaration and Plan of Action on Industrial Development and Co-operation, that called for 2S percent of world industrial production to be located in the LOCs by the year 2000.

scholarly journals The Key Success Factors for Attracting Foreign Investment in the Post-Epidemic Era

Axioms ◽  
2021 ◽  
Vol 10 (3) ◽  
pp. 140
Author(s):  
Sun-Weng Huang ◽  
James J. H. Liou ◽  
Shih-Hsiung Cheng ◽  
William Tang ◽  
Jessica. C. Y. Ma ◽  
...  
Keyword(s):  
Foreign Investment ◽  
Global Economy ◽  
Success Factors ◽  
Neutrosophic Set ◽  
Investment Strategies ◽  
Key Factors ◽  
Expert Opinions ◽  
Fuzzy Delphi ◽  
Novel Approach ◽  
Epidemic Period

The global economy has been hit by the unexpected COVID-19 outbreak, and foreign investment has been seen as one of the most important tools to boost the economy. However, in the highly uncertain post-epidemic era, determining how to attract foreign investment is the key to revitalizing the economy. What are the important factors for governments to attract investment, and how to improve them? This will be an important decision in the post-epidemic era. Therefore, this study develops a novel decision-making model to explore the key factors in attracting foreign investment. The model first uses fuzzy Delphi to explore the key factors of attracting foreign investment in the post-epidemic era, and then uses DEMATEL to construct the causal relationships among these factors. To overcome the uncertainty of various information sources and inconsistent messages from decision-makers, this study combined neutrosophic set theory to conduct quantitative analysis. The results of the study show that the model is suitable for analyzing the key factors of investment attraction in the post-epidemic period. Based on the results of the study, we also propose strategies that will help the relevant policy-making departments to understand the root causes of the problem and to formulate appropriate investment strategies in advance. In addition, the model is also used for comparative analysis, which reveals that this novel approach can integrate more incomplete information and present expert opinions in a more objective way.

scholarly journals UPSTREAM VOLATILITY IN THE SUPPLY CHAIN: THE MACHINE TOOL INDUSTRY AS A CASE STUDY

2009 ◽  
Vol 9 (3) ◽  
pp. 239-261 ◽  
Author(s):  
EDWARD G. ANDERSON ◽  
CHARLES H. FINE ◽  
GEOFFREY G. PARKER
Keyword(s):  
Supply Chain ◽  
Machine Tool ◽  
Machine Tool Industry
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