Ranking of manufacturers of mechanical parts based on a fuzzy multi-criteria decision making method: A case study in Iran National Steel Industrial Group

Considering multiple criteria in evaluating manufacturers, high number of parts, orders and manufacturers for supplying parts of machinery and equipment, selecting the right manufacturer is a serious problem in steel rolling and production factories. The use of Multi-Criteria and methods in decision-making plays an important role in the selection speed and accuracy. Because of multiple criteria in evaluating manufacturers, selecting a limited and effective number of manufacturers seems difficult, so this study aimed to rank potential suppliers in order to identify the best supplier. Decisions in the outsourcing of mechanical parts are made based on multi-criteria methods and grouped decisions. So, this article proposes a method based on the grouped fuzzy decision-making approach in order to evaluate and rank the most suitable suppliers for outsourcing activities in Iran National Steel Industrial Group. Using the proposed method, experts presented their opinions in linguistic words, a range of numbers, deterministic or fuzzy numbers. Then each supplier was ranked based on the model criteria. On this basis, the most effective criteria in selecting companies were also identified

Vertical Handoff Target Selection in a Heterogeneous Wireless Network Using Fuzzy ELECTRE

Global connectivity is on the verge of becoming a reality to provide high-speed, high-quality, and reliable communication channels for mobile devices at anytime, anywhere in the world. In a heterogeneous wireless environment, one of the key ingredients to provide efficient and ubiquitous computing with guaranteed quality and continuity of service is the design of intelligent handoff algorithms. Traditional single-metric handoff decision algorithms, such as Received Signal Strength (RSS), are not efficient and intelligent enough to minimize the number of unnecessary handoffs, decision delays, call-dropping and blocking probabilities. This research presents a novel approach for of a Multi Attribute Decision Making (MADM) model based on an integrated fuzzy approach for target network selection

Comparison of Correlation for Asian Shariah Indices Using DCC-GARCH and Rolling Window Correlation.

This paper aims to compare the capability of correlation in capturing the volatility using rolling window correlation and Dynamic Conditional Correlation - Generalized Autoregressive Conditional Heteroscedasticity (DCC-GARCH) approach. This study will perform a DCC-GARCH to estimate the dynamic conditional correlation between the Asian Shariah indices. The Asian Shariah index comprises FTSE SGX Asia Shariah 100, FTSE Bursa Malaysia Emas Shariah Index, FTSE Greater China Shariah Index, and FTSE Stock Exchange of Thailand (SET) Shariah Index. The correlation estimation considers the FTSE SGX Asia Shariah 100 as a proxy. The World Health Organization (WHO) declared the Coronavirus 2019 (COVID-19) as pandemic on 11th March 2020. Therefore, the data used covers six months before and after 11th March 2020, from 11th September 2019 until 11th September 2020. The output of both effected correlations towards the Covid-19 will be evaluated based on their ability to capture the time-varying changes through graph plotting. The empirical findings show that the DCC-GARCH is better at capturing the highly changes volatility than the rolling window correlation