EVALUATION OF THE TRANSITIONS POTENTIAL TO CYBER-PHYSICAL PRODUCTION SYSTEM OF HEAVY INDUSTRIES IN TURKEY WITH A NOVEL DECISION-MAKING APPROACH BASED ON BONFERRONI FUNCTION

Abstract

Purpose: This study examines the potential of production systems of the heavy industry branches with the help of cyber-physical systems. Sources of public and private sectors may not be sufficient to transform and develop all heavy industry branches simultaneously. Because of that, policymakers can determine priority industries for development and growth, which are sustainable and balanced in a country. Methodology: In current study, the proposed approach uses the LMAW (Logarithm Methodology of Additive Weights) technique to identify priority sectors. The LMAW is a novel MCDM (Multi-Criteria Decision Making) technique providing an opportunity to evaluate both objective and subjective criteria; in addition, it uses the Bonferroni functions to transform the subjective evaluations of decision-makers to the group decision. Findings: It has been observed that the most significant criterion is overall equipment effectiveness (OEE), and the most prior branch of heavy industry is the aerospace industry. Originality: This paper examines the transformation process of the heavy industry branches to the cyber- physical systems by using a new MCDM approach.