Abstract
The worldwide machine tool market is anticipated to reach a value of USD 68.9 billion by 2021, from USD 65.6 billion in 2020. This projection is based on the progressive production drop within the car industry, which is the largest customer of machine devices, and supply chain disruption. The machine tool industry in Taiwan faces a severe challenge and has been unobtrusively experiencing an inner reshuffling and innovative transformation. The developing strategic alliances reflect a basic endeavor by numerous firms to improve their specialized capabilities. This study applied the DEMATEL, a suitable method for gathering group knowledge to form a structural model and visualize the casual relationship between subsystems through a casual diagram, revealing that the causal relationships between measurement criteria and the proposed model can provide a viable assessment of the alliance with satisfactory criteria that fit the decision-makers requirements, especially when the assessment criteria are various and interrelated. Financial resources were the strongest factor within the strategic behavior dimension (D1), whereas the minimize manufacturing cost was the foremost basic determinant in the cost perspective (D2). The specialists also demonstrated that obtaining dominant technology was a determinative component within organizational learning (D3). This paper offers proposals for government authorities to plan a machine tools industry strategy for Taiwan and for companies to formulate business directions for long-run advancement.
Highlights
Machine tools are utilized in numerous manufacturing industries, such as cars, aviation, hardware, and precision engineering
We present a multicriteria model comprising the preferences of various dimensions, introduce a tool, Decision-Making Trial and Evaluation Laboratory (DEMATEL), to analyze the critical factors in a strategic alliance pattern evaluation model for Taiwan’s machine tool industry. e judgment of decision-makers is often given as set values, which is an inadequate reflection of the vagueness in the real world; DEMATEL was applied to address this issue. is study regards the evaluation index system for strategic alliance pattern evaluation model for Taiwan’s machine tool industry as a system that includes causal relationships between the influencing factors, which is a new way to solve that problem
Is study focused on the experiences of selected machine tool companies, located in Taiwan, in utilizing strategic alliances to overcome challenges and obstacles to scaling up, by promoting unsold/new items and developing their advertising scope [131]. is study found from the past research that the key factors of a successful industrial strategic alliance include technical aspects, capability aspects, trust, and so on
Summary
Machine tools are utilized in numerous manufacturing industries, such as cars, aviation, hardware, and precision engineering. Persistent growth in these businesses, together with the investigation of modern oil and gas areas, is the essential driver for further development. Machine tools are the central apparatus for basic and accurate machining [3,4,5,6], especially for the aviation, defense, and vehicle industries, as well as for general equipment, metal machining, and electronics businesses. Machine tools create metal parts for industries, such as vehicles, aviation, defense, apparatus, molding, hardware, and generators, but they produce common metal components for an assortment of equipment, and they are in some cases called the “Mother of Machines” [7,8,9,10]. Within the modern semiconductor and panel industries, machine tools play a crucial role in the business of components and consumables
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