Multi-Criteria-Based Prioritization of Threats Affecting Sustainability of Micro and Small Scale Industries Using AHP and Mitigating the Major Threats

Yeshwant Raj. S, Karthee. K, and Prithvi Govind
Department of Mechanical Engineering, Sri Venkateswara College of Engineering, Chennai, India
Abstract—For Micro and Small Scale Industry (MSSI), to sustain itself in the present scenario is very challenging, as there are so many domestic as well as global threats. Challenges like competition from large and medium sectors, pricing, advanced technology, funding, raw material availability, marketing the finished product, infrastructure, etc. are faced by MSSI. In this paper, a multi-tier approach will be carried out to identify and mitigate the factors, which affect the MSSIs. In the first step, the various threats and challenges will be listed down, and an expert system tool will be employed to find out the major threats or challenges as the second step. There are numerous tools available for this purpose. In this paper, Analytic Hierarchy Process (AHP) is used to list down the factors based on its severity. As the final step of this approach, a suitable solution is provided to mitigate the factors, which affects MSSI’s sustainability. In this case, the existing set-up was modified to accommodate the changes in the raw material, which in turn directly increases the production and machine utilization. 
 
Index Terms—retrofitting, MSSI, AHP

Cite: Yeshwant Raj. S, Karthee. K, and Prithvi Govind, "Multi-Criteria-Based Prioritization of Threats Affecting Sustainability of Micro and Small Scale Industries Using AHP and Mitigating the Major Threats," International Journal of Mechanical Engineering and Robotics Research, Vol. 6, No. 1, pp. 42-45, January 2017. DOI: 10.18178/ijmerr.6.1.42-45
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