Multi crteria decision making and its applications : a literature review

This paper presents current techniques used in Multi Criteria Decision Making (MCDM) and their applications. Two basic approaches for MCDM, namely Artificial Intelligence MCDM (AIMCDM) and Classical MCDM (CMCDM) are discussed and investigated. Recent articles from international journals related to MCDM are collected and analyzed to find which approach is more common than the other in MCDM. Also, which area these techniques are applied to. Those articles are appearing in journals for the year 2008 only. This paper provides evidence that currently, both AIMCDM and CMCDM are equally common in MCDM

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

An Integrated Fuzzy MCDM Hybrid Methodology to Analyze Agricultural Production

A hybrid model was developed by combining multiple-criteria decision-making (MCDM) with the analytic hierarchy process (AHP) and a fuzzy set to give decision support for choosing sustainable solutions to agricultural problems. Six steps were taken to build the suggested hybrid model: identifying and weighing criteria; normalizing data using fuzzy membership functions; calculating the weighting of the criteria using AHP; and selecting the best alternative for the agricultural problem. The objective of this case study is to demonstrate how agricultural production techniques (APTs) are becoming more complex as agricultural production becomes more complex. Organic agriculture aims to protect both the environment and consumer satisfaction by utilizing organic management practices that do not have the negative effects associated with conventional and genetic engineering production. Meanwhile, products obtained through conventional and genetic engineering techniques are more cost-effective. To present the superiority of the proposed fuzzy MCDM hybrid model, this problem is used as the causative agent’s dataset. Because the challenge involves a large number of competing quantitative and qualitative criteria, the assessment approach should improve the ratio of input data to output data. As a result, agricultural productivity should be controlled holistically. However, because the problem may contain both qualitative and quantitative facts and uncertainties, it is necessary to represent the uncertainty inherent in human thinking. To achieve superior outcomes, fuzzy set theory (FST), which enables the expression of uncertainty in human judgments, can be integrated with). The purpose of this study is to present a novel MCDM approach based on fuzzy numbers for analyzing decision-making scenarios. The proposed methodology, which is based on Buckley’s fuzzy analytic hierarchy process (B-FAHP) and the Fuzzy Technique for Order of Preference by Similarity to Ideal Solution (F-TOPSIS), uses Buckley’s fuzzy analytic hierarchy process (B-FAHP) and fuzzy TOPSIS to determine weights and rank alternatives, respectively. As a result, we attempted to include both the uncertainty and hesitancy of experts in the decision-making process through the use of fuzzy numbers. We have three main criteria in this study: Satisfaction (C1), Economy (C2), and Environment (C3). An important objective of the current research is to build a complete framework for evaluating and grading the suitability of technologies. A real-world case study is used to demonstrate the suggested paradigm’s validity. © 2022 by the authors. Licensee MDPI, Basel, Switzerland

Fuzzy multi-criteria decision making for carbon dioxide geological storage in Turkey

The problem of choosing the best location for CO2 storage is a crucial and challenging multi-criteria decision problem for some companies. This study compares the performance of three fuzzy-based multi-criteria decision making (MCDM) methods, including Fuzzy TOPSIS, Fuzzy ELECTRE I and Fuzzy VIKOR for solving the carbon dioxide geological storage location selection problem in Turkey. The results show that MCDM approach is a useful tool for decision makers in the selection of potential sites for CO2 geological storage

A review of application of multi-criteria decision making methods in construction

Construction is an area of study wherein making decisions adequately can mean the difference between success and failure. Moreover, most of the activities belonging to this sector involve taking into account a large number of conflicting aspects, which hinders their management as a whole. Multi-criteria decision making analysis arose to model complex problems like these. This paper reviews the application of 22 different methods belonging to this discipline in various areas of the construction industry clustered in 11 categories. The most significant methods are briefly discussed, pointing out their principal strengths and limitations. Furthermore, the data gathered while performing the paper are statistically analysed to identify different trends concerning the use of these techniques. The review shows their usefulness in characterizing very different decision making environments, highlighting the reliability acquired by the most pragmatic and widespread methods and the emergent tendency to use some of them in combination

Proposing a new methodology for prioritising the investment strategies in the private sector of Iran

This article proposes a systematic and organised approach for group decision-making in the presence of the uncertainty involved in expert judgments as used in multi-criteria decision-making (MCDM) issues. This procedure comprises the selection of the optimum alternative with respect to the evaluation criteria under consideration, in particular to select the strategy of investing. However, the selection of the investment strategy is difficult on account of considering the numerous quantitative and qualitative parameters like benefits, opportunities, costs, and risks. However, it is possible that these parameters have a significant influence on each other. A decision-making trial and evaluation laboratory (DEMATEL), used to define the influential network of elements, can be employed to construct a network relationship map (NRM). On the other hand, according to whether the information is incomplete or unavailable, uncertainty is an inseparable part of making decision for solving the MCDM problems. Therefore, this article proposes a new hybrid model based on analytic hierarchical process (AHP), DEMATEL, and echnique for Order of Preference by Similarity to Ideal Solution (TOPSIS) techniques under fuzzy environment to evaluate the problem of the selection of the investment strategy. To achieve the aim, a three-step process is presented to solve a sophisticated problem. First, the AHP method is employed to break down the investment problem into simple structure and calculate the importance weights of criteria by using a pairwise comparison process. Second, the DEMATEL technique is applied for considering interdependence and dependencies and computing the global weights of benefit, opportunities, cost, and risk (BOCR) factors. Finally, the fuzzy TOPSIS methodology is used for prioritising the possible alternatives. To demonstrate the potential application of the proposed model, a numerical example is illustrated and investigated. The results show that the proposed model has a high ability to prioritise the strategies of investing

Type-2 neutrosophic number based multi-attributive border approximation area comparison (MABAC) approach for offshore wind farm site selection in USA.

The technical, logistical, and ecological challenges associated with offshore wind development necessitate an extensive site selection analysis. Technical parameters such as wind resource, logistical concerns such as distance to shore, and ecological considerations such as fisheries all must be evaluated and weighted, in many cases with incomplete or uncertain data. Making such a critical decision with severe potential economic and ecologic consequences requires a strong decision-making approach to ultimately guide the site selection process. This paper proposes a type-2 neutrosophic number (T2NN) fuzzy based multi-criteria decision-making (MCDM) model for offshore wind farm (OWF) site selection. This approach combines the advantages of neutrosophic numbers sets, which can utilize uncertain and incomplete information, with a multi-attributive border approximation area comparison that provides formulation flexibility and easy calculation. Further, this study develops and integrates a techno-economic model for OWFs in the decision-making. A case study is performed to evaluate and rank five proposed OWF sites off the coast of New Jersey. To validate the proposed model, a comparison against three alternative T2NN fuzzy based models is performed. It is demonstrated that the implemented model yields the same ranking order as the alternative approaches. Sensitivity analysis reveals that changing criteria weightings does not affect the ranking order