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Developing of a Novel Integrated MCDM MULTIMOOSRAL Approach for Supplier Selection

Alptekin Ulutaş, Dragisa Stanujkic, Darjan Karabasevic, Gabrijela Popovic, Edmundas Kazimieras Zavadskas, Florentin Smarandache, Willem K.M. Brauers
2021 Informatica  
The main aim of the article is to propose a new multiple criteria decision-making approach for selecting alternatives, the newly-developed MULTIMOOSRAL approach, which integrates advantages of the three  ...  well-known and prominent multiple-criteria decision-making methods: MOOSRA, MOORA, and MULTIMOORA.  ...  Solving problems by utilizing MCDM is based on quantitative analyses and represent elegant solutions when making decisions between multiple alternatives based on multiple-criteria.  ... 
doi:10.15388/21-infor445 fatcat:vhse2bgdsjf2flvxyitgtzhtoe

A Monte-Carlo game theoretic approach for Multi-Criteria Decision Making under uncertainty

Kaveh Madani, Jay R. Lund
2011 Advances in Water Resources  
The suggested method can be used to prescribe non-dominated solutions and also can be used as a method to predict the outcome of a decision making problem.  ...  The suggested method does not require criteria weighting, developing a compound decision objective, and accurate quantitative (cardinal) information as it simplifies the decision analysis by solving problems  ...  Making (MCDM), Multi-Criteria Analysis (MCA), Multi-Objective Decision Making (MODM), or Multi-Objective Analysis (MOA)).  ... 
doi:10.1016/j.advwatres.2011.02.009 fatcat:padnh6olvbeane47s2gyui4v2y

Multiple criteria decision making in supply chain management – Currently available methods and possibilities for future research

Patrick Beck, Erik Hofmann
2012 Die Unternehmung. Swiss Journal of Business Research and Practice  
Furthermore, a group, rather than a single decision maker, is often involved in the process. For such decisions, methods in multiple criteria decision making (MCDM) are certainly appropriate.  ...  Decisions in supply chain management (SCM) are subject to various conflicting criteria and multiple objectives must be considered in the decision process.  ...  2 Multiple criteria decision making in general 2.1 Categorization of multiple criteria decision making methods MCDM began in the 1960s.  ... 
doi:10.5771/0042-059x-2012-2-180 fatcat:7l3zurmxz5hrxiwka5k4qzzlo4

An integrated fuzzy AHP–ELECTRE methodology for environmental impact assessment

Tolga Kaya, Cengiz Kahraman
2011 Expert systems with applications  
Finally, a fuzzy dominance relation (FDR) methodology is used to rank the alternatives from the most risky to the least. A sensitivity analysis is also provided.  ...  In the proposed methodology the criteria weights are generated by a fuzzy AHP procedure.  ...  ELECTRE is a well known MCDM method that has a history of successful real world applications. It has been applied in past to various types of decision-making situations.  ... 
doi:10.1016/j.eswa.2011.01.057 fatcat:na7mqmk4ijhupnwoszdjy6ho7q

Multi Criteria Decision Making (MCDM) Methods and its applications

Girish P. Bhole
2018 International Journal for Research in Applied Science and Engineering Technology  
Multi Criteria Decision Making (MCDM) provides strong decision making in domains where selection of best alternative is highly complex.  ...  This survey paper reviews the main streams of consideration in multi criteria decision making theory and practice in detail.  ...  Fuzzy MCDM Applications Fuzzy occurs in various business organizations when multiple choices are available to take the best decision.  ... 
doi:10.22214/ijraset.2018.5145 fatcat:qkd7bnohkvgotbdg3ce7vxb5fm

Multi-criteria decision-making for flood risk management: a survey of the current state of the art

Mariana Madruga de Brito, Mariele Evers
2016 Natural Hazards and Earth System Sciences  
</strong> This paper provides a review of multi-criteria decision-making (MCDM) applications to flood risk management, seeking to highlight trends and identify research gaps.  ...  In addition, participation of multiple stakeholders has been generally fragmented, focusing on particular stages of the decision-making process, especially on the definition of criteria weights.  ...  This work was supported by the Brazilian Coordination for the Improvement of Higher Education Personnel (CAPES) through the grant 13669-13-3.  ... 
doi:10.5194/nhess-16-1019-2016 fatcat:y67vazv5i5cwle5niecpuc3gnq

A Framework for the Selection of Optimum Offshore Wind Farm Locations for Deployment

Varvara Mytilinou, Estivaliz Lozano-Minguez, Athanasios Kolios
2018 Energies  
The framework includes optimization techniques, decision-making methods and experts' input in order to support investment decisions.  ...  The outcomes are expected to help stakeholders and decision makers to make better informed and cost-effective decisions under uncertainty when investing in offshore wind energy in the UK.  ...  The multiple criteria hierarchy process (MCHP) [27] [28] [29] has been employed in order to deal with multiple criteria in decision-making processes.  ... 
doi:10.3390/en11071855 fatcat:udql3dtfjnfrzaln5uuwcxhgg4

The use of multi-criteria decision-making methods in the integrated assessment of climate change: implications for IA practitioners

Michelle L Bell, Benjamin F Hobbs, Hugh Ellis
2003 Socio-Economic Planning Sciences  
Multi-criteria decision-making (MCDM) methods can help users process IA data, understand policy tradeoffs, and learn how their value judgments affect decisions.  ...  We summarize the workshops' results regarding intertemporal discounting (a type of MCDM weighting judgment), visualization of impacts, how MCDM methods can help users to incorporate their background knowledge  ...  We also thank Emily Elliott and Zachary Robinson for their important contributions to the workshop. Suggestions by the referees, Editor-In-Chief Barnett R.  ... 
doi:10.1016/s0038-0121(02)00047-2 fatcat:2nxhvwxpw5gazk3onglutqyokm

Stakeholder-driven multi-attribute analysis for energy project selection under uncertainty

Laura Read, Kaveh Madani, Soroush Mokhtari, Catherine Hanks
2017 Energy  
In response, this work develops a stochastic decision 54 analysis framework to evaluate alternatives by involving stakeholders to identify both 55 quantitative and qualitative selection criteria and performance  ...  heating and electricity. 58 We approach this problem in a five step methodology: (1) engaging experts (role players) to 59 develop criteria of project performance; (2) collecting a range of quantitative  ...  To capture these impacts in a comprehensive approach, the current study 169 develops a stochastic decision-making analysis framework to evaluate the effects of decision 170 maker willingness to cooperate  ... 
doi:10.1016/j.energy.2016.11.030 fatcat:4o25wsvpnffejatxs6cn5qovrq

A Comparative Study of Multiple-Criteria Decision-Making Methods under Stochastic Inputs

Athanasios Kolios, Varvara Mytilinou, Estivaliz Lozano-Minguez, Konstantinos Salonitis
2016 Energies  
This paper presents an application and extension of multiple-criteria decision-making (MCDM) methods to account for stochastic input variables.  ...  Literature Review Review of Multiple-Criteria Decision-Making (MCDM) Methods A focused study of MCDM over the last 12 years illustrated the effectiveness of applying these methods in the areas of sustainable  ...  Conflicts of Interest: The authors declare no conflict of interest.  ... 
doi:10.3390/en9070566 fatcat:4x6llw3jwzhdpjbpukbkfe4ama

Innovative Nuclear Energy Systems: State-of-the Art Survey on Evaluation and Aggregation Judgment Measures Applied to Performance Comparison

Vladimir Kuznetsov, Galina Fesenko, Aleksandra Schwenk-Ferrero, Andrei Andrianov, Ilya Kuptsov
2015 Energies  
Acknowledgments The authors would like to acknowledge the IAEA INPRO Section and the IAEA Coordinated Project INPRO/KIND for an organizational support in performing this study.  ...  Multiple-Criteria Decision-Making Framework Multiple criteria decision making (MCDM) methods are a support tool aimed to help decision makers who are faced with numerous sometimes conflicting assessments  ...  Actinides UR User Requirement MAVT Multi-Attribute Value Theory MAUT Multi-Attribute Utility Theory MCDA Multi-Criteria Decision Analysis MCDM Multiple Criteria Decision Making MIT Massachusetts  ... 
doi:10.3390/en8053679 fatcat:bfo3kg76evhajfjrpwhidzy5ti

Application of Multi-Criteria Methods in Natural Resource Management - A Focus on Forestry [chapter]

Mario pori
2012 Sustainable Forest Management - Current Research  
As the name suggests, MCDM has been developed to enable analysis of multiple criteria situations and problems.  ...  Multi-criteria decision making approach Multi-criteria decision making 1 falls within the wide range of operations research methods.  ...  Magistarski rad, Ekonomski fakultet, Zagreb, str. 1-139 + III.  ... 
doi:10.5772/23667 fatcat:ye7iwgnijrewtfgbs4dc7a3bve

An Evidential Reasoning based Decision Making Process for Pre-qualifying Construction Contractors

Mahmut Sönmez, Jian-Bo Yang, G. Graham, G.D. Holt
2002 Journal of Decision Systems  
This approach has proved to be useful and practical when a decision problem under consideration includes multiple criteria, which are of both a quantitative and qualitative nature.  ...  The decision making process is fully explained using the ER approach together with discussions about the advantages and disadvantages of the model presented.  ...  ACKNOWLEDGEMENTS The first author would like to thank the Ministry of Education of Turkey for the financial support during his research.  ... 
doi:10.3166/jds.11.355-381 fatcat:47aqrtodpvbnrap2udjngecjse

Applying Evidential Reasoning to Prequalifying Construction Contractors

M. Sönmez, G. D. Holt, J. B. Yang, G. Graham
2002 Journal of Management in Engineering  
A multiple criteria decision-making method is then needed in order to deal with such assessments as well as for the meaningful and robust aggregation.  ...  A contractor prequalification process is a typical multiple criteria decision-making problem that embraces both quantitative and qualitative criteria.  ...  Introduction Multiple criteria decision-making ͑MCDM͒ problems that embrace both quantitative and qualitative criteria are very common in practice.  ... 
doi:10.1061/(asce)0742-597x(2002)18:3(111) fatcat:n5tfezoubvdyll3uqldr6c2gk4

A Sustainable Multicriteria Decision Framework for Obsolescence Resolution Strategy Selection

Imen Zaabar, Raul Arango-Miranda, Yvan Beauregard, Marc Paquet
2021 Sustainability  
Multicriteria decision-making (MCDM) methods are suggested to select the most sustainable solution.  ...  Results from different MCDM methods were compared to the actual decision to evaluate their effectiveness.  ...  Sensitivity Analysis Sensitivity analysis is an indispensable concept in the effective use of the quantitative decision model, and the purpose of this analysis is to assess the stability of an optimal  ... 
doi:10.3390/su13158601 fatcat:bmmrikhuzvemne52ooxlycdxwu
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