Authors: Napaporn Reeveerakul; Nopasit Chakpitak
Addresses: College of Arts, Media and Technology, Chiang Mai University, Huaykeaw Rd, T.Suthep, A. Muang, 50200 Chiang Mai, Thailand ' College of Arts, Media and Technology, Chiang Mai University, Huaykeaw Rd, T.Suthep, A. Muang, 50200 Chiang Mai, Thailand
Abstract: To address the issues associated with FDIs' potential relocation, divestment or transfer of plant, the research aims to provide a knowledge-decision on FDIs and present a framework that supports manufacturers to consider on their performance in Northern Region Industrial Estate (NRIE), Thailand to become sustainable. An integrated framework is proposed based on two main aspects of finance and supply chain and infrastructure in dynamic analysis. Analysis on financial situation, the Net Present Value (NPV), is applied to estimate future cash flow of FDIs' investment. Further, to support a decision-maker using supply chain simulation tool is of most applicable circumstance. The simulation tool is applied to a case study of Make-to-Order environment. The supply chain system is constructed based on Supply Chain Operations References (SCOR) model. ARENA simulation is used to describe supply chain processes by interrelating to a web application which is a friendly tool for decision-makers.
Keywords: foreign direct investment; FDI; SCOR; dynamic analysis; supply chain simulation; knowledge based decisions; MCDA; multicriteria decision analysis; supply chain management; SCM; Thailand; plant relocation; plant divestment; plant transfer; manufacturing plants; finance; net present value; NPV; make-to-order.
International Journal of Product Development, 2013 Vol.18 No.5, pp.433 - 444
Received: 08 May 2021
Accepted: 12 May 2021
Published online: 24 Dec 2013 *