Faculty Advisor

Hoy, Francis

Faculty Advisor

Schaufeld, Jerome

Abstract

This project analyzed Massachusetts Biomedical Initiatives' (MBI) current operations against their Strategic Vision and provided suggestions for improvement in various aspects for their future strategic plan. A survey with questions regarding MBI's services offered and facilities was administered to MBI's past, present, and prospective tenants. In addition, a linear programming model was created to optimize space allocation for new facilities. Based on the tenant responses and model, the team was able to recommend changes in the aforementioned focus areas of MBI's operations. The results came directly from MBI's tenant companies; therefore, these recommendations should improve both the experience of future tenants and the overall operation of MBI as an incubator if put into practice.

Publisher

Worcester Polytechnic Institute

Date Accepted

April 2011

Major

Humanities and Arts

Major

Management Engineering

Major

Industrial Engineering

Project Type

Major Qualifying Project

Accessibility

Unrestricted

Advisor Department

Business

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