Title: Justification of factors affecting core functional competencies in manufacturing industries using multi-attribute utility theory

Authors: Rajdeep Singh; Chandan Deep Singh

Addresses: Department of Mechanical Engineering, Punjabi University, Patiala, India ' Department of Mechanical Engineering, Punjabi University, Patiala, India

Abstract: India's industrial sector currently faces healthy competition, especially from industry leaders. The majority of businesses are implementing core functional competencies in order to compete and perform better in the market. This study uses multiple multi-criteria decision-making (MCDM) methodologies: multi-attribute utility theory to analyse the data qualitatively. Utilising a survey questionnaire, information was gathered, and many aspects had been decided. The factors that have a significant and minor impact on the performance and competitiveness of the company were identified from the analysis findings. Rankings have been assigned to factors based on their effects and importance.

Keywords: multi-attribute utility theory; MAUT; decision making; core functional competencies; competitiveness.

DOI: 10.1504/IJMCP.2024.137630

International Journal of Management Concepts and Philosophy, 2024 Vol.17 No.2, pp.138 - 148

Received: 20 Feb 2023
Accepted: 28 Feb 2023
Published online: 02 Apr 2024 *

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