Multiple Criteria Decision Making Techniques in Manufacturing Industries-A Review Study with the Application of Fuzzy

Manufacturing industries are facing stiff market competition, work pressures and a very competitive environment. This has forced them to be alert and take the desired decisions in order to achieve their goals. In this paper, a review study has been made on MCDM techniques in Manufacturing Industries. We found that the managers and engineers of the industries face a number of problems and situations in which decision making is very difficult and the margin of safety is very less. Any wrong decision would lead to losses. These situations are mainly of multiple criteria decision making, in which decision has to be taken by analyzing various criteria’s and them select the best alternatives among various alternatives present to him. These situations become more tough and complex when the data available for the analysis is not precise. The data is in imprecise form and vague. This requires use of Fuzzy Logic techniques to deal with these types of data. In order to overcome both the problems, the paper proposes Fuzzy MCDM techniques which can deal with these situations.