Prioritization of attractive areas of investment in the automotive industry based on AHP method and evaluation of investment risk in attractive areas of research and development based on FMEA technique (Case study: Zamyad Automotive Company)
Subject Areas :
Industrial Management
mohammad shamshiri
1
,
amir bayat tork
2
,
Tahmoures Sohrabi
3
,
Nazanin Pilevari Salmasi
4
1 - Department of Industrial Management – Central Tehran Branch – Islamic Azad University – Tehran- Iran
2 - Assistant professor of management, Department of industrial Management central Tehran Branch,Islamic Azad University,Iran,Tehran
3 - Assistant professor of management, Department of industrial Management central Tehran Branch,Islamic Azad University,Iran,Tehran
4 - Associate Professor of Industrial Management, Faculty of management,Islamic West Tehran Branch – Islamic Azad University – Tehran- Iran- .
Received: 2022-01-27
Accepted : 2022-10-10
Published : 2022-10-23
Keywords:
Risk,
attractive areas of investment,
Research and development(r&d),
Abstract :
AbstractAutomotive companies are looking for ways to adopt a different strategy from other automotive companies to provide better customer service. An example of these distinct strategies is investing decisions in attractive areas of automotive companies. In this regard, the purpose of this study was to prioritize attractive areas of investment in the automotive industry based on the AHP method and evaluate investment risks in attractive areas of research and development based on the FMEA technique. The study population of this study is 21 experts in the automotive industry who have been selected based on judgmental sampling.First, using the FAHP method, attractive areas of the automotive industry are identified and prioritized, and then with the FMEA method, investment risk in the field of research and development of the automotive industry is analyzed. The results showed that among the main criteria, investment in energy transfer methods weighing 0.438 ranks first. Investment in human resources and development of lines with a weight of 0.180 and investment in production of main collections with a weight of 0.174 won the second and third ranks, respectively.Then, among all the sub-criteria, investment in research and development was ranked first. Also in the field of research and development, the risks related to the initial and detailed evaluation stage had a higher priority than the risks related to other stages.
References:
Deepan, M., Deepa, N., Rohini, A., Malarkodi, M., Indumathi, VM. (2020). Factors influencing mutual fund investment decisions-factor analysis. International Journal of Chemical Studies, 8(1), 2106-2109.
Dmitry, N., Akimova, L., Mylov, I., Kareva, D., Azimov, T. (2016). Factors of investments in automobile companies’ R&D. Investment Management and Financial Innovations, 13(4), 27-32
Hasana Sadr Abadi, J. 2018, Human resource development models, Journal of Management Studies and Accounting, 2 (4), 228 – 232
Kaburia, S. K., & Kimemia, L. (2018). Factors Affecting Table Banking On Investment Decisions Among Women In Mombasa County. The Strategic Journal of Business & Change Management, 5(2), 126 – 149.
Lai, Y.-L., Lin, F-J., Lin, Y-H. (2014). Factors affecting firm's R&D investment Decisions. Journal of Business Research, 68(4), 840 – 844.
Limanli, O. (2015). Determinants of R&D investment decision in Turkey. Procedia - Social and Behavioral Science, 195, 759-767.
OECD (2015). Concepts and definitions for identifying R&D, in Frascati Manual 2015: Guidelines for Collecting and Reporting Data on Research and Experimental Development, OECD Publishing, Paris.
Pandey, M. (2008). Financial Management. New Delhi: Vikas Publishing House Pvt Ltd, New Delhi.
Petti, C., Jacob, J. (2018). R&D investments under uncertainty in China: The effect of political connections. RSA SIE – Sessione “China’s industrial development: new challenges for a long-term sustainable development”.
Ramkumar, G., & Chitra, S. (2021). A Study on Factors Influencing Investment Decisions of Retail Investors in VUCA World. Ushus Journal of Business Management, 20(1), 69-87.
Safari, S., Ebrahimi, A. (2012). Measuring competitiveness of Iranian banks. Iraninan Jouornal of Trade Studies (IJTS), 16(64), 187 – 222.
Shrestha, P. M. (2020). Factors Influencing Investment Decisions of Nepalese Investors. Management Dynamics, 23(2), 145-160.
Thapa, B., & Shah, A. K. (2020). Factors Influencing Investment Decisions in Gold. Journal of Business and Social Sciences Research, 5(2), 52-62.
Tien, L. N., Phuong, L. D., Nhu, H. B. (2022). Factors Affecting Investment Decisions of EU Investors in Vietnam. International Journal of Current Science Research and Review, 5(2).
_||_
Deepan, M., Deepa, N., Rohini, A., Malarkodi, M., Indumathi, VM. (2020). Factors influencing mutual fund investment decisions-factor analysis. International Journal of Chemical Studies, 8(1), 2106-2109.
Dmitry, N., Akimova, L., Mylov, I., Kareva, D., Azimov, T. (2016). Factors of investments in automobile companies’ R&D. Investment Management and Financial Innovations, 13(4), 27-32
Hasana Sadr Abadi, J. 2018, Human resource development models, Journal of Management Studies and Accounting, 2 (4), 228 – 232
Kaburia, S. K., & Kimemia, L. (2018). Factors Affecting Table Banking On Investment Decisions Among Women In Mombasa County. The Strategic Journal of Business & Change Management, 5(2), 126 – 149.
Lai, Y.-L., Lin, F-J., Lin, Y-H. (2014). Factors affecting firm's R&D investment Decisions. Journal of Business Research, 68(4), 840 – 844.
Limanli, O. (2015). Determinants of R&D investment decision in Turkey. Procedia - Social and Behavioral Science, 195, 759-767.
OECD (2015). Concepts and definitions for identifying R&D, in Frascati Manual 2015: Guidelines for Collecting and Reporting Data on Research and Experimental Development, OECD Publishing, Paris.
Pandey, M. (2008). Financial Management. New Delhi: Vikas Publishing House Pvt Ltd, New Delhi.
Petti, C., Jacob, J. (2018). R&D investments under uncertainty in China: The effect of political connections. RSA SIE – Sessione “China’s industrial development: new challenges for a long-term sustainable development”.
Ramkumar, G., & Chitra, S. (2021). A Study on Factors Influencing Investment Decisions of Retail Investors in VUCA World. Ushus Journal of Business Management, 20(1), 69-87.
Safari, S., Ebrahimi, A. (2012). Measuring competitiveness of Iranian banks. Iraninan Jouornal of Trade Studies (IJTS), 16(64), 187 – 222.
Shrestha, P. M. (2020). Factors Influencing Investment Decisions of Nepalese Investors. Management Dynamics, 23(2), 145-160.
Thapa, B., & Shah, A. K. (2020). Factors Influencing Investment Decisions in Gold. Journal of Business and Social Sciences Research, 5(2), 52-62.
Tien, L. N., Phuong, L. D., Nhu, H. B. (2022). Factors Affecting Investment Decisions of EU Investors in Vietnam. International Journal of Current Science Research and Review, 5(2).