Track: Modeling and Simulation

Abstract

Enhancing the profit of an organization is the ultimate objective for which its entire ecosystem collectively works. The profit can definitely be increased by increased revenue and sales, also it can be improved by bringing down the wastes. Reducing wastes becomes an even bigger responsibility of an organization if it is part of a privileged industrial cluster having subsidized facilities from the Government. Thus the clusters should continuously thrive for improving their performance through Lean Performance Management (LPM). Benchmarking the cluster organizations for LPM can help the continuous improvement voyage of the cluster. In this work, an introduction to this avenue by describing benchmarking, clusters, the LPM, and an auto component cluster has been provided. In the later part of the paper, a methodology has been suggested. A brief survey of the cluster and the problem areas of the cluster organizations were identified through interactions that have been presented here. The quantitative indices that are affected by the identified problem areas have also been defined and at the end, Analytical Hierarchy Problem (AHP) modeling of the problem has been developed.