Multi-criteria decision making with linguistic labels: a comparison of two methodologies applied to energy planning

This paper compares two multi-criteria decision making (MCDM) approaches based on linguistic label assessment. The first approach consists of a modified fuzzy TOPSIS methodology introduced by Kaya and Kahraman in 2011. The second approach, introduced by Agell et al. in 2012, is based on qualitative reasoning techniques for ranking multi-attribute alternatives in group decision-making with linguistic labels. Both approaches are applied to a case of assessment and selection of the most suitable types of energy in a geographical area.Peer ReviewedPostprint (published version

A Fuzzy Based Decision Making Approach for Selecting and Evaluating Green Suppliers

In a competitive business environment, green supplier selection approach plays a pivotal role in supply chain management, because, due to growing global concern of environmental protection, green production has become an important factor for almost every manufacturer and will influence the sustainability of a manufacturer in the long run. A performance evaluation system for green suppliers is therefore required to determine the suitability of suppliers to cooperate with the industry. Supplier selection is basically depends on decision makers’ (experts’) assessments. This process inevitably involves various types of uncertainties such as deception, fuzziness and incompleteness due to the shortcomings of the human being’s subjective judgment and it’s variance from one human being to another. However, the existing methods cannot properly integrate uncertainties into the determination of green suppliers and their selection. Nowadays, many companies have begun to implement green supply chain management and to consider environmental issues and the measurement of their suppliers’ environmental performance. Here we have adopted, an effective method for selecting and evaluating green supplier selection; TOPSIS (Technique for order preference by similarity to Ideal Solution

Development and prioritization of socio-economic strategies to elevate public participation in natural resource management using TOPSIS approach; Case Study: Chaharmahal and Bakhtiari Province (Iran)

Proper implementation of the participatory projects to conserve national natural resources has become much more important over the recent decades. This socio-economic research seeks developing effective strategies to increase public participation in experts' opinions of Chaharmahal and Bakhtiari Province (Iran), in order to achieve sustainable and integrated management of natural resources. In the first step, the literature review led to the identification of 57 social parameters influencing public participation in the province. In the second step, from the parameters identified, with the help of the Delphi technique, 15 parameters were finalized by experts. This led to the formulation of the effective socioeconomic strategies in the study area. The next step was to prioritize these parameters. For this purpose, the Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) was used in Topsis solver software. The study’s statistical population was comprised of the executive experts of Chaharmahal and Bakhtiari Province. The results of the prioritization indicated that the strategy of "the development of alternative livelihoods (A6)" ranks first with normal weight of 0.31, followed by "focus on profitable projects (A2)" with the normal weight of 0.2, and "strengthening social cohesion and trust (A7 )" with the normal weight of 0.12, as the most important strategies to increase public participation. The results of this study can be used by managers and executive decision-makers to protect natural resources and increase feasibility of management activities in Chaharmahal and Bakhtiari Province.Keywords: Strategies effective on public participation, Delphi technique, Executive experts, TOPSIS, Chaharmahal and Bakhtiari Provinc

Technology assessment with IF-TOPSIS: An application in the advanced underwater system sector

Technologies are pivotal for firms' success, but also resource consuming. Therefore, managers have to assess and select technologies carefully in order to allocate resources on the most promising ones, grounding their decisions on adequate sets of criteria on which experienced people can express their opinion.This work proposes an application of Multi Criteria Decision Aids to technology assessment, where Decision Support Systems offer an effective support for evaluating technology impact on firms' success, building on experts' judgments.The method is based on a peer-based modification to Intuitionistic Fuzzy multi-criteria group decision making with TOPSIS method (peer IF-TOPSIS). A case study in which this methodology is applied to a company operating in the military sector (Advanced Underwater System) is also presented.Besides the empirical proof of the method's suitability and value in assisting managers in their decision, the paper's contributions are both methodological and theoretical. Methodologically, while allowing a peer-based voting procedure, the method enhances the consensus in the firm and limits the possible biases that a supra-decision maker could introduce. Theoretically, the set of proposed criteria includes many facets of the assessment problem, and avoids being tailored to the investigated technological field, so enhancing its generalizability

Optimal Siting of Electric Vehicle Charging Stations Using Pythagorean Fuzzy VIKOR Approach

Site selection for electric vehicle charging stations (EVCSs) is the process of determining the most suitable location among alternatives for the construction of charging facilities for electric vehicles. It can be regarded as a complex multicriteria decision-making (MCDM) problem requiring consideration of multiple conflicting criteria. In the real world, it is often hard or impossible for decision makers to estimate their preferences with exact numerical values. Therefore, Pythagorean fuzzy set theory has been frequently used to handle imprecise data and vague expressions in practical decision-making problems. In this paper, a Pythagorean fuzzy VIKOR (PF-VIKOR) approach is developed for solving the EVCS site selection problems, in which the evaluations of alternatives are given as linguistic terms characterized by Pythagorean fuzzy values (PFVs). Particularly, the generalized Pythagorean fuzzy ordered weighted standardized distance (GPFOWSD) operator is proposed to calculate the utility and regret measures for ranking alternative sites. Finally, a practical example in Shanghai, China, is included to demonstrate the proposed EVCS sitting model, and the advantages are highlighted by comparing the results with other relevant methods.Peer Reviewe

A CLOUD TOPSIS MODEL FOR GREEN SUPPLIER SELECTION

Due to stringent governmental regulations and increasing consciousness of the customers, the present day manufacturing organizations are continuously striving to engage green suppliers in their supply chain management systems. Selection of the most efficient green supplier is now not only dependant on the conventional evaluation criteria but it also includes various other sustainable parameters. This selection process has already been identified as a typical multi-criteria group decision-making task involving subjective judgments of different participating experts. In this paper, a green supplier selection problem for an automobile industry is solved while integrating the Cloud model with the technique for order of preference by similarity to an ideal solution (TOPSIS). The adopted method is capable of dealing with both fuzziness and randomness present in the human cognition process while appraising performance of the alternative green suppliers with respect to various evaluation criteria. This model identifies green supplier S4 as the best choice. The derived ranking results using the adopted model closely match with those obtained from other variants of the TOPSIS method. The Cloud model can efficiently take into account both fuzziness and randomness in a qualitative attribute, and effectively reconstruct the qualitative attribute into the corresponding quantitative score for effective evaluation and appraisal of the considered green suppliers. Comparison of the derived ranking results with other MCDM techniques proves applicability, potentiality and solution accuracy of the Cloud TOPSIS model for the green supplier selection

Fuzzy Approach in Ranking of Banks according to Financial Performances

Evaluating bank performance on a yearly basis and making comparison among banks in certain time intervals provide an insight into general financial state of banks and their relative position with respect to the environment (creditors, investors, and stakeholders). The aim of this study is to propose a new fuzzy multicriteria model to evaluate banks respecting relative importance of financial performances and their values. The relative importance of each pair of financial performance groups is assessed linguistic expressions which are modeled by triangular fuzzy numbers. Fuzzy Analytic Hierarchical Process (FAHP) is applied to determine relative weights of the financial performances. In order to rank the treated banks, new model based on Fuzzy Technique for Order Performance by Similarity to Ideal Solution (FTOPSIS) is deployed. The proposed model is illustrated by an example giving real life data from 12 banks having 80% share of the Serbian market. In order to verify the proposed FTOPSIS different measures of separation are used. The presented solution enables the ranking of banks, gives an insight of bank’s state to stakeholders, and provides base for successful improvement in a field of strategy quality in bank business

A Novel Approach for the Selection of Power-Generation Technology Using a Linguistic Neutrosophic CODAS Method: A Case Study in Libya

Rapid increases in energy demand and international drive to reduce carbon emissions from fossil fuels have led many oil-rich countries to diversify their energy portfolio and resources. Libya is one of these countries, and it has recently become interested in utilizing its renewable-energy resources in order to reduce financial and energy dependency on oil reserves

Evaluating high risks in large-scale projects using an extended VIKOR method under a fuzzy environment

The complexity of large-scale projects has led to numerous risks in their life cycle. This paper presents a new risk evaluation approach in order to rank the high risks in large-scale projects and improve the performance of these projects. It is based on the fuzzy set theory that is an effective tool to handle uncertainty. It is also based on an extended VIKOR method that is one of the well-known multiple criteria decision-making (MCDM) methods. The proposed decision-making approach integrates knowledge and experience acquired from professional experts, since they perform the risk identification and also the subjective judgments of the performance rating for high risks in terms of conflicting criteria, including probability, impact, quickness of reaction toward risk, event measure quantity and event capability criteria. The most notable difference of the proposed VIKOR method with its traditional version is just the use of fuzzy decision-matrix data to calculate the ranking index without the need to ask the experts. Finally, the proposed approach is illustrated with a real-case study in an Iranian power plant project, and the associated results are compared with two well-known decision-making methods under a fuzzy environment

A comparative study on decision-making methodology

Decision making (DM), the process of determining and selecting alternative decisions based on information and the preferences of decision makers (DMs), plays a significant role in our daily personal and professional lives. Many DM methods have been developed to assist DMs in their unique type of decision process. In this thesis, DM methods associated with two types of DM processes are studied: Decision-making under uncertainty (DMUU) and Multi-criteria decision making (MCDM). DMUU is making a decision when there are many unknowns or uncertainties about the kinds of states of nature (a complete description of the external factors) that could occur in the future to alter the outcome of a decision. DMUU has two subcategories: decision-making under strict uncertainty (DMUSU) and decision-making under risk (DMUR). Five classic DMUSU methods are Laplace’s insufficient reason principle, Wald’s Maximin, Savage’s Minimax regret, Hurwicz’s pessimism-optimism index criterion and Starr’s domain criterion. Furthermore, based on a review of the relation between a two-player game in game theory and DMUSU, Nash equilibrium is considered a method for approaching DMUSU as well. The well-known DMUR DM methods are expected monetary value, expected opportunity loss, most probable states of nature and expected utility. MCDM is a sub-discipline of operations research, where DMs evaluate multiple conflicting criteria in order to find a compromise solution subject to all the criteria. Numerous MCDM methods exist nowadays. The Analytic Hierarchy Process (AHP), the ELimination et Choix Traduisant la REalité (ELECTRE), the Preference Ranking Organization METHod for Enrichment Evaluations (PROMETHEE) and the Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) are the most employed of all the various MCDM methods. This PhD work focuses on presenting a comparative study of DM methods theoretically and evaluating the performance of different methods on a single decision problem. This contribution can guide DMs in gathering the relative objective and subjective information, structuring the decision problem and selecting the right DM method to make the decision that suits not only their subjective preferences, but also the objective facts. The case study used here is the selection of a sewer network construction plan. It is a representative and complex practical decision problem that requires the quality, life-cycle maintenance and performance of the selected sewer system to meet long-term planning for future climate changes and urban development. La prise de décision (DM), un processus de détermination et de sélection de décisions alternatives en fonction des informations et des préférences des décideurs (DM), apparaît largement dans notre vie personnelle et professionnelle quotidienne. Un grand nombre de méthodes DM ont été développées pour aider les DM dans leur type unique de processus de décision. Dans cette thèse, les méthodes DM associées à deux types de processus DM sont étudiées : la prise de décision sous incertitude (DMUU) et la prise de décision multicritère (MCDM). La DMUU doit prendre la décision lorsqu'il existe de nombreuses inconnues ou incertitudes sur le type d'états de la nature (une description complète des facteurs externes) qui pourraient se produire à l'avenir pour modifier le résultat d'une décision. La DMUU comprend deux sous-catégories : la prise de décision sous incertitude stricte (DMUSU) et la prise de décision sous risque (DMUR). Cinq méthodes classiques de DM pour DMUSU sont le principe de raison insuffisante de Laplace, le Waldimin Maximin, le regret Savage Minimax, le critère d'index pessimisme-optimisme de Hurwitz et le critère de domaine de Starr. En outre, l'examen de la relation entre un jeu à deux joueurs dans la théorie des jeux et l'équilibre DMUSU et Nash Equilibrium est également considéré comme l'une des méthodes pour résoudre le DMUSU. Les méthodes DM bien connues de DMUR sont la valeur monétaire attendue, la perte d'opportunité attendue, les états de nature les plus probables et l'utilité attendue. Le MCDM est une sous-discipline de la recherche opérationnelle, où les DM évaluent plusieurs critères conflictuels afin de trouver la solution compromise soumise à tous les critères. Un certain nombre de méthodes DM pour MCDM sont présentes de nos jours. Le processus de hiérarchie analytique (AHP), l'élimination et le choix traduisant la réalité (ELECTRE), les méthodes d'organisation du classement des préférences pour les évaluations d'enrichissement (PROMETHEE) et la technique de préférence par ordre de similitude et de solution idéale (TOPSIS) sont les plus choisies et utilisées des méthodes parmi toutes les différentes méthodes MCDM. Ce travail de thèse se concentre sur la présentation théorique d'une étude comparative des méthodes DM et l'évaluation des performances de différentes méthodes avec un problème de décision particulier. Cette contribution peut guider les DM à rassembler les informations relatives objectives et subjectives, à structurer le problème de décision et à sélectionner la bonne méthode de DM pour prendre la décision qui convient non seulement à leurs préférences subjectives, mais aussi aux faits objectifs. L'étude de cas utilisée ici est la sélection du plan de construction du réseau d'égouts. Il s'agit d'un problème de décision pratique représentatif et complexe qui nécessite la qualité, l'entretien du cycle de vie et les performances du réseau d'égouts sélectionné pour répondre à la planification à long terme des futurs changements climatiques et du développement urbain