Reduction of planning efforts for decision making under uncertainty in global production network design.

Continuous design of production networks is an essential element to overcome historically grown, inefficient production networks, as they are common for manufacturing companies. In order to enable continuous network design, fast and low-effort methods for investment and allocation decision making are required without losing decision quality. This paper introduces a decision making approach that reduces planning efforts by systematically focusing on main influencing factors and reducing their uncertainty. The approach was applied to a real allocation decision of a machine tool manufacturer. [ABSTRACT FROM AUTHOR]