Strategic Investment Analysis for Manufacturing Waste Management

This paper elucidates the major issues complicating strategic investment decisions in manufacturing waste systems. The analytic hierarchy process (AHP), an innovative approach in decision theory, is applied to these decisions in a manufacturing plant at General Motors Corporation. When compared with capital budgeting models, AHP is found to offer a superior approach due to its comprehensive mechanism, a feature urgently needed to handle the increasing legal, economic and technological complexities of manufacturing wastes.