International Journal of Industrial Research and Applied Engineering
Vol 4, No 2: OCTOBER 2019

A novel, Value-Focused-Thinking based, approach for modelling agro-industrial decisions under scarce information

Mario Luis Chew Hernández (Technological of Superior Studies of Coacalco)
Leopoldo Viveros-Rosas (Technological of Superior Studies of Coacalco)
Verónica Velazquez-Romero (Technological of Superior Studies of Coacalco)



Article Info

Publish Date
11 Aug 2020

Abstract

Agro-industrial decision-making is hampered by several, variously-natured, uncertainties. As uncertainty reduction is expensive, the decision modelling process for these industries must strive to use all available information. However, said inclusive effort should be accompanied by an effort to keep modelling assumptions transparent. This work shows the development, from a Value-Focused Thinking perspective, of a model to assess alternatives for improving the operation of a cattle fodder producer.  Modelling starts by analyzing and structuring the owner’s objectives and proceeds by systematically characterizing, via value judgments or probability distributions, the connections between structured objectives.  Constructing the model over a blueprint of connected objectives allows a faithful representation of the understanding of the system behavior while the methodical, one-connection-at-a-time, modelling procedure renders the assumptions used to operationalize each connection visible, facilitating their replacement if more information becomes available. The modelling approach put forward here can support industrial decision making with limited information.

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Journal Info

Abbrev

jirae

Publisher

Subject

Computer Science & IT Control & Systems Engineering Electrical & Electronics Engineering Industrial & Manufacturing Engineering Mechanical Engineering

Description

JIRAE is a peer-reviewed international journal providing a medium for the academic and industrial community to share cutting-edge research and development in various aspects of industrial technology and applied engineering. The objectives are: to encourage research work in the field of industrial ...