Multi crteria decision making and its applications : a literature review

This paper presents current techniques used in Multi Criteria Decision Making (MCDM) and their applications. Two basic approaches for MCDM, namely Artificial Intelligence MCDM (AIMCDM) and Classical MCDM (CMCDM) are discussed and investigated. Recent articles from international journals related to MCDM are collected and analyzed to find which approach is more common than the other in MCDM. Also, which area these techniques are applied to. Those articles are appearing in journals for the year 2008 only. This paper provides evidence that currently, both AIMCDM and CMCDM are equally common in MCDM

Organic farming and multicriteria decisions: An economic survey

Organic food production is a sphere where decision making is multi-facetted and complex. This applies to producers, political decision makers and consumers alike. This paper provides an overview of the economic methods that can aid such multi criteria decision making. We first provide an outline of the many different Multi-Criteria Analysis (MCA) techniques available and their relative advantages and disadvantages. In addition, theoretical and practical problems related to the use of Cost-Benefit Analysis (CBA) and MCA respectively are briefly discussed. We then review the MCA literature on case studies on organic farming. Based on this review we provide directional markers for future research where MCA may possibly be applied and adapted in order to provide useful knowledge and support for decision makers in the context of organic farming

Enhancing the cosmetics industry sustainability through a renewed sustainable supplier selection model

The cosmetics industry requires a long-term sustainable strategy to balance its continuously growing trend worldwide and its resources consumption. In this view, the suppliers' selection process is gaining more attention affecting products' overall sustainability. The objective of this contribution is hence to develop and validate the Cosmetics Sustainable Supplier Selection (C-SSS) model allowing the selection of sustainable suppliers for the cosmetic industry, evaluating them in an objective and balanced manner. The model was built relying on both scientific and grey literature, by incorporating the characteristics of existing SSS models usually used separately. The C-SSS enabled to integrate the EMM approach (to reduce the subjectivity), the ANP approach (to evaluate criteria interconnections), and the TOPSIS and ELECTRE models (to create a hybrid compensation model) to support managers in objectively selecting the most sustainable suppliers. The C-SSS model was applied and validated through an industrial use case in a cosmetics Italian company

Evaluation of Corporate Sustainability

As a consequence of an increasing demand in sustainable development for business organizations, the evaluation of corporate sustainability has become a topic intensively focused by academic researchers and business practitioners. Several techniques in the context of multiple criteria decision analysis (MCDA) have been suggested to facilitate the evaluation and the analysis of sustainability performance. However, due to the complexity of evaluation, such as a compilation of quantitative and qualitative measures, interrelationships among various sustainability criteria, the assessor’s hesitation in scoring, or incomplete information, simple techniques may not be able to generate reliable results which can reflect the overall sustainability performance of a company. This paper proposes a series of mathematical formulations based upon the evidential reasoning (ER) approach which can be used to aggregate results from qualitative judgments with quantitative measurements under various types of complex and uncertain situations. The evaluation of corporate sustainability through the ER model is demonstrated using actual data generated from three sugar manufacturing companies in Thailand. The proposed model facilitates managers in analysing the performance and identifying improvement plans and goals. It also simplifies decision making related to sustainable development initiatives. The model can be generalized to a wider area of performance assessment, as well as to any cases of multiple criteria analysis

Uncertainty Models in Reverse Supply Chain: A Review

Reverse logistic has become an important topic for the organization due to growing environmental concern, government regulation, economic value, and sustainable competitiveness. Uncertainty is one of the key factors in the reverse supply chain that must be controlled; thus, the company could optimize the reverse supply chain function. This paper discusses progress in reverse logistic research. A total of 72 published articles were selected, analyzed, categorized and the research gaps were found among them. The study began by analyzed previous research articles in reverse logistic. In this stage, we also collected and reviewed journals discussing about the reverse supply chain. Meanwhile, the result of this stage shows that uncertainty factor has not been reviewed in detail. The most common theme as the background research in reverse logistic is environmental and economic aspect. Uncertainty in Close Loop Supply Chain is the most widely used approach, followed by the usage on reverse logistics, reverse supply chain and reverse Model. The most used approach and method on uncertainty are Mixed Integer Linear Programing, mixed integer nonlinear Programing, Robust Fuzzy Stochastic Programming, and Improved kriging-assisted robust optimization method. Customer demand, total cost, product returns are the most widely researched aspects. This paper may be useful for academicians, researchers and practitioners in learning on reverse logistic and reverse supply chain; therefore, close loop supply chain can be guidance for upcoming researches. Research opportunity based on this research combines total cost, quality return product, truck capacity, delivery route, remanufacturing capacity, and facility location got optimum function in uncertainty. The research method and approach for MINLP, IK-MRO and RSFP provide many opportunities for research. For theme and area in reverse logistic, close loop supply chain is the theme that provides the most research opportunities

A FUZZY MADM METHOD FOR KEY SECTOR IDENTIFICATION: THE CASE OF INDONESIA

Conventionally, the identification of a key sector of an economy is always associated with the measurement of the intersectoral linkages, in which a key sector is defined as a sector that provides an above-average contribution in inducing the whole economy to grow. Unfortunately, the existing methods for key sector identification have also some conceptual limitations. Due to the limitations inherent in existing methods, an altern ative approach, providing more realistic, appropriate meaning and broader perspectives in interpreting the notion of a key sector, is desirable. The main objective of this work is to provide methodological improvements over previous works in examining the key sectors of an economy, by proposing an alternative approach involving the application of fuzzy set theory in the field of multi-criteria decision making. The modeling of the key sector identification problem as a fuzzy-MADM problem enables the consideration of other relevant criteria. The application of fuzzy sets theory makes possible the assessment of qualitative and imprecise information, which is very often found but is difficult to solve in real life decision making problems. When applying data to Indonesia, the new approach has successfully identified key sectors the Indonesian economy which vary over time under study