Comments on “Multiple criteria decision making (MCDM) methods in economics: an overview”

This paper offers comments on a previously published paper, titled “Multiple criteria decision making (MCDM) methods in economics: an overview,” by Zavadskas and Turskis (2011). The paper's authors made great efforts to summarize MCDM methods but may have failed to consider several important new concepts and trends in the MCDM field for solving actual problems. First, the traditional model assumes the criteria are independently and hierarchically structured; however, in reality, problems are often characterized by interdependent criteria and dimensions and may even exhibit feedback-like effects. Second, relatively good solutions from the existing alternatives are replaced by aspiration levels to fit today's competitive markets. Third, the emphasis in the field has shifted from ranking and selection when determining the most preferable approaches to performance improvement of existing methods. Fourth, information fusion techniques, including the fuzzy integral method, have been developed to aggregate the performances. Finally, the original fixed resources in multi-objective programming are divided such that both decision and objective spaces are changeable. In this paper, we add new concepts and provide comments that could be thought of as an attempt to complete the original paper

A systematic review of application of multi-criteria decision analysis for aging-dam management

[EN] Decisions for aging-dam management requires a transparent process to prevent the dam failure, thus to avoid severe consequences in socio-economic and environmental terms. Multiple criteria analysis arose to model complex problems like this. This paper reviews specific problems, applications and Multi-Criteria Decision Making techniques for dam management. Multi-Attribute Decision Making techniques had a major presence under the single approach, specially the Analytic Hierarchy Process, and its combination with Technique for Order of Preference by Similarity to Ideal Solution was prominent under the hybrid approach; while a high variety of complementary techniques was identified. A growing hybridization and fuzzification are the two most relevant trends observed. The integration of stakeholders within the decision making process and the inclusion of trade-offs and interactions between components within the evaluation model must receive a deeper exploration. Despite the progressive consolidation of Multi-Criteria Decision Making in dam management, further research is required to differentiate between rational and intuitive decision processes. Additionally, the need to address benefits, opportunities, costs and risks related to repair, upgrading or removal measures in aging dams suggests the Analytic Network Process, not yet explored under this approach, as an interesting path worth investigating.This research was funded by the Spanish Ministry of Economy and Competitiveness along with FEDER funding (Projects BIA201456574-R and ECO2015-66673-R).Zamarrón-Mieza, I.; Yepes, V.; Moreno-Jiménez, JM. (2017). A systematic review of application of multi-criteria decision analysis for aging-dam management. Journal of Cleaner Production. 147:217-230. https://doi.org/10.1016/j.jclepro.2017.01.092S21723014

A Comprehensive Review of the Novel Weighting Methods for Multi-Criteria Decision-Making

In the realm of multi-criteria decision-making (MCDM) problems, the selection of a weighting method holds a critical role. Researchers from diverse fields have consistently employed MCDM techniques, utilizing both traditional and novel methods to enhance the discipline. Acknowledging the significance of staying abreast of such methodological developments, this study endeavors to contribute to the field through a comprehensive review of several novel weighting-based methods: CILOS, IDOCRIW, FUCOM, LBWA, SAPEVO-M, and MEREC. Each method is scrutinized in terms of its characteristics and steps while also drawing upon publications extracted from the Web of Science (WoS) and Scopus databases. Through bibliometric and content analyses, this study delves into the trend, research components (sources, authors, countries, and affiliations), application areas, fuzzy implementations, hybrid studies (use of other weighting and/or ranking methods), and application tools for these methods. The findings of this review offer an insightful portrayal of the applications of each novel weighting method, thereby contributing valuable knowledge for researchers and practitioners within the field of MCDM.WOS:0009972313000012-s2.0-85160203389Emerging Sources Citation IndexarticleUluslararası işbirliği ile yapılan - EVETHaziran2023YÖK - 2022-2

Criteria Used in Research & Development Project Selection

Devido à corrida em busca de inovação, organizações do Brasil e do mundo todo enfrentam desafios constantes para se manterem relevantes no mercado, buscando as melhores formas de gerenciar seus projetos e utilizando dos recursos existentes para maximizar os benefícios e, em alguns casos, minimizar o risco ou custos de seus projetos. De acordo com uma revisão sistemática de 61 artigos, escritos entre 1970 a 2018, que utilizam métodos multi-critérios para tomada de decisões (MCDM) para selecionar projetos de Pesquisa & Desenvolvimento (P&D), apenas 19 deles dão uma explicação adequada dos critérios utilizados. Assim, a fim de contribuir com o processo de seleção de projetos, o objetivo principal deste trabalho é mostrar quais os tipos de critérios que apresentam maior relevância sobre os demais. Todo o processo é feito através de uma revisão sistemática da literatura: desde a seleção dos artigos, o agrupamento dos critérios e sua avaliação por dois especialistas utilizando o método Analytic Hierarchy Process (AHP). Ao final, percebe-se o quão importante é o benefício financeiro para os especialistas, e que a inovação não é considerada tão relevante para eles e para a maioria dos autores dos artigos analisados