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

Port choice by intra-regional container service operators : an application of decision-making techniques to liner services between Malaysian and other Asian ports

Intra-regional container service operators are challenged to design regular and reliable liner services connecting regional ports at the lowest cost and shortest transit time while considering customer demand. This paper focuses on the selection of ports of call in regular intra-regional container services, an under-researched part of the container shipping market. A combination of decision-making techniques (i.e. Analytical Hierarchy Process, fuzzy link-based and Evidential Reasoning) are presented to assist intra-regional container service operators in selecting ports of call. The proposed methodology is empirically applied to container services between Malaysian and other nearby Asian ports. While Port Klang is the main gateway to Malaysia, the results show that other Malaysian ports should play a more prominent role in accommodating intra-Asian container services. This research can assist maritime stakeholders in evaluating intra-regional port-to-port liner service configurations. Furthermore, the novel mix of decision-making techniques complements and enriches existing academic literature on port choice and liner service configuration

Research Agenda on Multiple-Criteria Decision-Making: New Academic Debates in Business and Management

[EN] Systemic disruptions are becoming more continuous, intense, and persistent. Their effects have a severe impact on the economy in volatile, uncertain, complex, and ambiguous (VUCA) environments that are increasingly transversal to productive sectors and activities. Researchers have intensified their academic production of multiple-criteria decision-making (MCDM) in recent years. This article analyzes the research agenda through a systematic review of scientific articles in the Web of Science Core Collection according to the Journal Citation Report (JCR), both in the Social Sciences Citation Index (SSCI) and in the Science Citation Index Expanded (SCIE). According to the selected search criteria, 909 articles on MCDM published between 1979 and 2022 in Web of Science journals in the business and management categories were located. A bibliometric analysis of the main thematic clusters, the international collaboration networks, and the bibliographic coupling of articles was carried out. In addition, the analysis period is divided into two subperiods (1979¿2008 and 2009¿2022), establishing 2008 as the threshold, the year of the Global Financial Crisis (GFC), to assess the evolution of the research agenda at the beginning of systemic disruptions. The bibliometric analysis allows the identification of the motor, basic, specialized, and emerging themes of each subperiod. The results show the similarities and differences between the academic debate before and after the GFC. The evidence found allows academics to be guided in their high-impact research in business and management using MCDM methodologies to address contemporary challenges. An important contribution of this study is to detect gaps in the literature, highlighting unclosed gaps and emerging trends in the field of study for journal editors.Castello-Sirvent, F.; Meneses-Eraso, C. (2022). Research Agenda on Multiple-Criteria Decision-Making: New Academic Debates in Business and Management. Axioms. 11(10):1-37. https://doi.org/10.3390/axioms11100515137111

Building a binary outranking relation in uncertain, imprecise and multi-experts contexts: The application of evidence theory

AbstractWe consider multicriteria decision problems where the actions are evaluated on a set of ordinal criteria. The evaluation of each alternative with respect to each criterion may be uncertain and/or imprecise and is provided by one or several experts. We model this evaluation as a basic belief assignment (BBA). In order to compare the different pairs of alternatives according to each criterion, the concept of first belief dominance is proposed. Additionally, criteria weights are also expressed by means of a BBA. A model inspired by ELECTRE I is developed and illustrated by a pedagogical example

Logistics service providers (LSPs) evaluation and selection: Literature review and framework development

Purpose – The purpose of this paper is to provide an insight to the outsourcing decision-making through investigating if the old evaluation/selection criteria and methods still fit with current business priorities or not and, therefore, to identify the appropriate criteria and methods to develop a new selection framework. Since the economic recession of 2008, logistics outsourcing decisions have become more prominent to avoid high fixed costs and heavy investment requirements and to achieve competitive advantages. Design/methodology/approach – This is a focused literature review prepared after analyzing 56 articles related to the logistics service provider (LSP) evaluation and selection methods and criteria during 2008-2013. The academic articles are analyzed based on research focus/area, evaluation and selection methodology/methods and evaluation and selection criteria. Then reviewed result is compared with previous literature studies for the periods (1991-2008) to identify any possible shifts. Findings – The review reveals that: several problems in current LSPs literature have been identified; the reviewed papers can be categorized into seven groups, the usage and importance of evaluation and selection criteria fluctuate during different periods; 12 crucial criteria have been identified, increasing the importance of specific selection methods and the integrated models and fuzzy logic in logistics literature. Then, a comprehensive LSPs’ evaluation and selection framework has been developed. Originality/value – To the best of our knowledge, this is the first focused logistics outsourcing study that reviews the 2008-2013 period in detail, comparing results with previous literature studies, identifies current LSPs literature problems/gaps, new trends and shifts in the way that LSPs are evaluated and selected, identifies crucial selection criteria and proposes a new holistic LSPs evaluation and selection framework. In addition, it identifies important issues for future research. Keywords Supplier or partner selection, Evaluation and selection methods and criteria, Logistics outsourcing, Logistics service provider, LSP framewor

Optimization of the supplier selection process in prefabrication using BIM

Prefabrication offers substantial benefits including reduction in construction waste, material waste, energy use, labor demands, and delivery time, and an improvement in project constructability and cost certainty. As the material cost accounts for nearly 70% of the total cost of the prefabrication project, to select a suitable material supplier plays an important role in such a project. The purpose of this study is to present a method for supporting supplier selection of a prefabrication project. The proposed method consists of three parts. First, a list of assessment criteria was established to evaluate the suitability of supplier alternatives. Second, Building Information Modelling (BIM) was adopted to provide sufficient information about the project requirements and suppliers’ profiles, which facilitates the storage and sharing of information. Finally, the Analytic Hierarchy Process (AHP) was used to rank the importance of the assessment criteria and obtain the score of supplier alternatives. The suppliers were ranked based on the total scores. To illustrate how to use the proposed method, it was applied to a real prefabrication project. The proposed method facilitates the supplier selection process by providing sufficient information in an effective way and by improving the understanding of the project requirements

Criteria Uncertainty in Multiple Criteria Decision Analysis of Sustainable Manufacturing Systems

Multiple Criteria Decision Analysis (MCDA) is a discipline used by decision makers to evaluate conflicting features when choosing among alternatives. MCDA methods are applied in the field of sustainable manufacturing to weigh the importance of traditional criteria when compared to sustainability indicators. However, a recurring issue in MCDA is the uncertainty in the assessments of alternatives. In this project, a novel framework to deal with uncertainty in MCDA has been developed. It uses scenario planning to get optimistic and pessimistic assessments for the different alternatives. Then, assigning probabilities to the scenarios and applying COPRAS-N, an introduced modification of COPRAS-G, 11 weighted scenarios are calculated. Finally, the relative significance and ranking of each alternative are graphed according to the weighted scenarios so that their evolution and the different situations are represented. With the presented approach, internal and external uncertainties can be dealt with at the same time. The final decision is made by analysing the graphics and results and, if necessary, looking at the concepts of expected scenario and average performance introduced in this project. The framework has been applied to 3 case studies with a focus on sustainability found in the literature. The results show that providing a final ranking of alternatives without considering other likely scenarios may lead to wrong decisions. In fact, in Case study 1, the choice of the best alternative would have changed if the developed framework had been applied. Representing all the scenarios has proved to ensure the final decision and enable to evaluate all the possible outcomes, solving in this way the uncertainty.Objectius de Desenvolupament Sostenible::9 - Indústria, Innovació i Infraestructur