Compromise ranking approach for sustainable concept selection in an Indian modular switches manufacturing organization

The modern manufacturing organizations are forced to adopt the principles of sustainability to sustain in the competitive market scenario. Sustainability paradigm stipulates that manufacturing organizations develop eco-friendly products coupled with economic and social dimensions. Sustainability concepts include life cycle impact assessment, environmental conscious quality function deployment, environmental impact assessment, life cycle assessment, and theory of inventive problem solving. The concept selection in the context of sustainability is the typical multicriteria decision-making problem (MCDM). MCDM method can be used to find out the best alternative among the given alternatives. In our study, we have utilized the compromise ranking method namely VlseKriterijumska Optimizacija I Kompromisno Resenje. This method focuses on ranking and selecting from a set of conflicting criteria based on the measure of closeness to the ideal solution. The best concept has been selected for implementation in the organization as stated by Opricovic and Tzeng (Eur J Oper Res 156:445-455, 2004).