A Fuzzy MCDM Model to Evaluate Investment Risk of Location Selection for Container Terminals
نویسندگان
چکیده
The main purpose of this paper is to develop a fuzzy multiple criteria decision-making (MCDM) model to evaluate the investment risk of location selection for container terminals. Firstly, some concepts and methods used to develop a fuzzy MCDM algorithm are briefly introduced. Secondly, a step-by-step fuzzy MCDM algorithm based on the concept of integral value is proposed. Finally, a numerical example with a hierarchy structure of four criteria, twenty-two sub-criteria, and three alternatives is illustrated by using the proposed fuzzy MCDM approach. Furthermore, the proposed model can facilitate its implementation as a computer-based decision support system in a fuzzy environment. Key-Words: Fuzzy MCDM; Investment risk; Location selection; Container terminal
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