scholarly journals A Multi-Criteria Decision-Making Approach for Ideal Business Location Identification

2021 ◽  
Vol 11 (11) ◽  
pp. 4983
Author(s):  
Salman Ahmed Shaikh ◽  
Mohsin Memon ◽  
Kyoung-Sook Kim

Location has always been a primary concern for business startups to be successful. Therefore, much research has focused on the problem of identification of an ideal business site for a new business. The process of ideal business site selection is complex and depends on a number of criteria or factors. Since the ultimate goal of all businesses is to increase customer footprints and to thus increase sales, criteria including traffic accessibility, visibility, ease of access, vehicle parking, customers availability, etc. play important roles. In other words, we can say that optimal business site selection is a multi-criteria decision-making (MCDM) problem. MCDM is used to identify an optimal solution or decision out of many alternatives by utilizing a number of criteria. In mathematics, there exist a number of structured techniques for organizing and analyzing complex decisions, for instance, AHP, ANP, TOPSIS, etc. In this work, we present a hybrid of two such techniques to solve the MCDM problem for an optimal business site selection given a set of candidate sites. The proposed approach is based on the AHP (Analytic Hierarchy Process) and TOPSIS (The Technique for Order of Preference by Similarity to Ideal Solution) approaches. The reason for using the proposed hybrid approach is multi-fold. The hybrid approach reduces the computational complexity and require less manual effort, thus improving the efficiency and accuracy of the proposed approach. Given a set of candidate locations for a new business, the proposed approach ranks the candidates. Thus, the candidate locations with higher ranks are identified as suitable or ideal. The approach comes up with the ranking of all of the candidate locations, thus giving business managers room to make calculated decisions. To show the effectiveness of the proposed approach, a detailed step-by-step case study is given to identify an ideal location in New York City for a new gas station. Furthermore, an experimental evaluation is also presented using a number of real New York City datasets.

2011 ◽  
Vol 2 (1) ◽  
pp. 108-110
Author(s):  
Sweta Chakraborty ◽  
Naomi Creutzfeldt-Banda

Saturday, 18 December 2010 was the first of a two day complete closure of all London area airports due to freezing temperatures and approximately five inches of snow. A week later on December 26th, New York City area airports closed in a similar manner from the sixth largest snowstorm in NYC history, blanketing the city approximately twenty inches of snow. Both storms grounded flights for days, and resulted in severe delays long after the snow stopped falling. Both London and NYC area airports produced risk communications to explain the necessity for the closures and delays. This short flash news report examines, in turn, the risk communications presented during the airport closures. A background is provided to understand how the risk perceptions differ between London and NYC publics. Finally, it compares and contrasts the perceptions of the decision making process and outcomes of the closures, which continue to accumulate economic and social impacts.


2020 ◽  
Vol 55 (8) ◽  
pp. 1427-1430 ◽  
Author(s):  
Jennifer R. DeFazio ◽  
Anastasia Kahan ◽  
Erica M. Fallon ◽  
Cornelia Griggs ◽  
Sandra Kabagambe ◽  
...  

2021 ◽  
pp. 206-207

The HUMAN Project was initiated in 2014 by the Kavli Foundation in partnership with New York University’s Institute for the Interdisciplinary Study of Decision Making. 1 Its goal was to collect vast amounts of data from a representative sample of 10,000 New York City residents in 4,000 households over 20 years. Lacking both internal review board approval and sustainable funding, the HUMAN Project was suspended in 2018. Nonetheless, the ambitious scope of the study and what it revealed about the possibilities for collecting and using data in the digital age are intriguing. It is possible that this type of model could eventually be revived, perhaps with additional privacy protections built in....


2020 ◽  
Vol 122 (11) ◽  
pp. 1-30
Author(s):  
Nathan Holbert ◽  
Betsy Disalvo ◽  
Matthew Berland

Background CS4All is an $81 million private-public investment aimed at creating the necessary infrastructure to provide computer science experiences to all New York City public-school students by 2025. Purpose In this paper, we examine the history of the CS4All initiative and document the network of actors and their relationships in the system such that we can understand how this reform is enacted, how it might be reactive to external contexts and pressures, and how the structure and pathways of this particular social network might inform similar efforts elsewhere. Research Design To structure our analysis of CS4All, we first examine the most recent historic example of a large-scale curricular reform—Man: A Course of Study (MACOS). By reflecting on the network structure of CS4All in light of the design, enactment, and eventual failure of MACOS, we can identify potential pain points and opportunities in CS4All's 10-year effort. We conducted interviews with core members of the CS4All initiative and examined available public records to construct and analyze a social network of key CS4All stakeholders, other actors, processes, and institutions. Conclusions In our analysis of the CS4All social network, we document how well-connected individuals simultaneously mobilized government resources and grassroots enthusiasm to create the conditions necessary for the initiation of this massive curricular reform effort, and describe the current pathways in place for decision making and resource distribution. Comparing the history and structure of the CS4All initiative to Man: A Course of Study —a failed nationwide curricular reform in the 1960s—we find that CS4All's centralized decision-making process and failure to create and distribute high quality formative assessment tools may lead to challenges to adoption. However, explicit efforts to solicit input from and communicate initiative values to the large diversity of stakeholders throughout NYC, as well as the innovation of a decentralized “buffet-style” curricular approach, may put CS4All on more sure footing.


2012 ◽  
Vol 51 (10) ◽  
pp. 956-963 ◽  
Author(s):  
Gabriela M. Bisono ◽  
Lisa Simmons ◽  
Robert J. Volk ◽  
Dodi Meyer ◽  
Thomas C. Quinn ◽  
...  

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