A comparative study of multiple-criteria decision-making methods under stochastic inputs

This paper presents an application and extension of multiple-criteria decision-making (MCDM) methods to account for stochastic input variables. More in particular, a comparative study is carried out among well-known and widely-applied methods in MCDM, when applied to the reference problem of the selection of wind turbine support structures for a given deployment location. Along with data from industrial experts, six deterministic MCDM methods are studied, so as to determine the best alternative among the available options, assessed against selected criteria with a view toward assigning confidence levels to each option. Following an overview of the literature around MCDM problems, the best practice implementation of each method is presented aiming to assist stakeholders and decision-makers to support decisions in real-world applications, where many and often conflicting criteria are present within uncertain environments. The outcomes of this research highlight that more sophisticated methods, such as technique for the order of preference by similarity to the ideal solution (TOPSIS) and Preference Ranking Organization method for enrichment evaluation (PROMETHEE), better predict the optimum design alternative

Multicriteria analysis under uncertainty with IANUS - method and empirical results

IANUS is a method for aiding public decision-making that supports efforts towards sustainable development and has a wide range of application. IANUS stands for Integrated Assessment of Decisions uNder Uncertainty for Sustainable Development. This paper introduces the main features of IANUS and illustrates the method using the results of a case study in the Torgau region (eastern Germany). IANUS structures the decision process into four steps: scenario derivation, criteria selection, modeling, evaluation. Its overall aim is to extract the information needed for a sound, responsible decision in a clear, transparent manner. The method is designed for use in conflict situations where environmental and socioeconomic effects need to be considered and so an interdisciplinary approach is required. Special emphasis is placed on a broad perception and consideration of uncertainty. Three types of uncertainty are explicitly taken into account by IANUS: development uncertainty (uncertainty about the social, economic and other developments that affect the consequences of decision), model uncertainty (uncertainty associated with the prediction of the effects of decisions), and weight uncertainty (uncertainty about the appropriate weighting of the criteria). The backbone of IANUS is a multicriteria method with the ability to process uncertain information. In the case study the multicriteria method PROMETHEE is used. Since PROMETHEE in its basic versions is not able to process uncertain information an extension of this method is developed here and described in detail. --

ELECTRE I Method Using Hesitant Linguistic Term Sets: An Application to Supplier Selection

Decision making is a common process in human activities. Every person or organization needs to make decisions besides dealing with uncertainty and vagueness associated with human cognition. The theory of fuzzy logic provides a mathematical base to model the uncertainities. Hesitant fuzzy linguistic term set (HFLTS) creates an appropriate method to deal with uncertainty in decision making. Managerial decision making generally implies that decision making process conducts multiple and conflicting criteria. Multi criteria decision analysis (MCDA) is a widely applied decision making method. Outranking methods are one type of MCDA methods which facilitate the decision making process through comparing binary relations in order to rank the alternatives. Elimination et Choix Traduisant la Réalité (ELECTRE), means elimination and choice that translates reality, is an outranking method. In this paper, an extended version of ELECTRE I method using HFLTS is proposed. Finally, a real case problem is provided to illustrate the HFLTS-ELECTRE I method

A Novel Approach to Incubator Evaluations: The PROMETHEE Outranking Procedures

Considerable public resources are devoted to the establishment and operation of business incubators (BIs), which are seen as catalysts for the promotion of entrepreneurship, innovation activities and regional development. Despite the vast amount of research that has focused on the outcomes or effectiveness of incubator initiatives and how to measure incubator performance, there is still little understanding of how to determine incubators that are more effective than others. Based on data from 410 graduate firms, this paper applies the multi-criteria outranking technique PROMETHEE (Preference Ranking Organization Method for Enrichment Evaluation) and compares the long-term effectiveness of five technology-oriented BIs in Germany. This is the first time that outranking procedures are used in incubator evaluations. In particular, we investigate whether PROMETHEE is a well-suited methodological approach for the evaluation and comparisons in the specific context of business incubation.business incubators, evaluation, performance measures, PROMETHEE, Outranking

Multi-criteria governmental crop planning problem based on an integrated AHP-PROMETHEE approach

The study uses analytic hierarchy process (AHP) and preference ranking organisation method for enrichment evaluations (PROMETHEE) to deal with the crop planning problem as a multi-criteria decision-making problem, for governmental lands in Gaza Strip under two conditions: the normal economy condition and the resistant economy condition. These two conditions are studied from the governmental point of view. The study goal is to rank crops according to some considered criteria. Crops are divided into eight types that include vegetables, fruits, citrus, olives, palms, export crops, field crops and medical and aromatic crops. The developed AHP and PROMETHEE compare crops with respect to seven main criteria, namely; economical, financial, marketing, environmental, technical, political and social criteria. AHP is used to obtain criteria weights to be used as input for PROMETHEE to outrank alternatives. The

An alternative approach based on fuzzy PROMETHEE method for the supplier selection problem

In this paper, an alternative version of the fuzzy PROMETHEE (Preference Ranking Organization Method for Enrichment Evaluations) method is proposed. Differently from other studies, preference functions used in PROMETHEE method are handled in terms of fuzzy distances between alternatives with respect to each criterion. In order to indicate the applicability of this method, it is applied for a supplier selection problem in the literature. Ranking results are similar obtained by TOPSIS (Technique for Order Preference by Similarity to Ideal Solution) and fuzzy ELECTRE (ELimination Et Choix Traduisant la REalité) methods. The implementation of the proposed method indicates that the amount of computations is decreased and decision makers can easily reach to desirable solution. © 2016 Growing Science Ltd. All rights reserved

A BIM-integrated fuzzy multi-criteria decision making model for selecting low-carbon building measures

Themes: Knowledge and Information Modeling - Special Session on BIM: no. O1.07published_or_final_versio