Comparative Study of Different Multi-criteria Decision-making Methods
نویسنده
چکیده
Now –adays the multi-criteria decision making methods are gaining importance for selection of best suited alternative among the available alternatives. Decision makers in the construction industry frequently face the problem of assessing a wide range of alternative options, and selecting one based on a set of conflicting criteria. MCDM methods are based on aggregating function representing “ closeness to ideal”. In this paper the six multi-criteria decision-making methods including Simple Additive Weighting(SAW) Method, Weighted Product Method (WPM), Analytical Hierarchy Process (AHP), TOPSIS,VIKOR and PROMETHEE are compared for one
منابع مشابه
The place of AHP method among Multi Criteria Decision Making methods in forest management
As the name implies, Multi Criteria Decision Making Methods (MCDMs) is a decision making tool that capable the selection of the most preferred choice in a context where several criteria apply simultaneously. Primary purpose of this study is to examine the status of Multi Criteria Decision Making Methods (MCDMs) in forest management. The study also aims to evaluate the strengths and weaknesses ...
متن کاملSupplier selection with multi-criteria group decision making based on interval-valued intuitionistic fuzzy sets (case study on a project-based company)
Supplier selection can be considered as a complicated multi criteria decision-making problem.In this paper the problem of supplier selection is studied in the presence of conflicting evaluations and insufficient information about the criteria and different attitudes of decision makers towards the risk. Most of fuzzy approaches used in multi-criteria group decision making (MCGDM) are non-intuiti...
متن کاملAn integrated model of fuzzy multi-criteria decision making and stochastic programming for the evaluating and ranking of advanced manufacturing technologies
Investment appraisal in advanced manufacturing technologies (AMTs) has been receiving considerable attention over the past three decades. As stated in numerous studies, traditional engineering economic methods cannot adequately justify investments in AMTs. Thus, beside these methods, some other solutions have been proposed in this field. The methods applied in the evaluation of AMTs can be clas...
متن کاملSolving New Product Selection Problem by a New Hierarchical Group Decision-making Approach with Hesitant Fuzzy Setting
Selecting the most suitable alternative under uncertainty is considered as a critical decision-making problem that affects the success of organizations. In the selection process, there are a number of assessment criteria, considered by a group of decision makers, which often could be established in a multi-level hierarchy structure. The aim of this paper is to introduce a new hierarchical multi...
متن کاملApplication of multi-criteria decision making to estimate the potential of flooding
Integrating a geographic information system and multi-criteria decision making methods have been lead to provide spatial multi-criteria decision making methods. In this study, the spatial potential of flooding was determined based on analytic network process and analytic hierarchy process. At first, six factors of flooding were determined as criteria. The criteria were the slope, hill-slope asp...
متن کاملMulti-criteria Decision Making Approach: selection of Blanking Die Material (TECHNICAL NOTE)
Proper selection of material in manufacturing firms is a vital role of designer depending upon the different era of application. The material selection problem is very complex and challenging task today. Erroneous cull of material frequently leads to astronomically immense cost involution, and finally drives towards unfortunate component or product breakdown. Thus, the designer necessitates dis...
متن کامل