Using the decisions theory for establishing the site of a new manufacturing sector

Abstract

Making any investment is an important decision that produces effects with material, financial and human implications, most of the time significant ones. The paper aims to argue, by using the methods of the decision theory, the variant chosen for the expansion of a company in order to introduce new benchmarks required by the market in production. After an analysis of the existing situation, it was noted that the company did not have sufficient capacity, regardless of the improvements made, so an expansion was necessary and justified. Depending on the space and financial resources the company has at its disposal, there are several possibilities for expansion and each implies certain elements. There are three physical variants of expansion, namely: the construction of a new bay, the expansion of the company's central building or the expansion of an outbuilding. Considering that for the possible variants the decision consequences are known, in order to solve the case study the methods for optimizing the decisions under certainty conditions will be used, namely: ELECTRE method, one of the most complex and used methods of optimizing multi-criteria decisions; Onicescu method which solves the same type of problems by means of specific algorithms and the method of coefficient K, using relations from the theory of fuzzy sets.