making an informed decision with regards to a suitable business location or site selection for organizations is becoming challenging for business decision makers globally; and even more challenging in business environment that are saddled with uncertainties. the continues raise of multiple criteria variation of site preferences has also necessitated the application of advanced decision making t...

Multiple Criteria Decision Making (MCDM) is firmly rooted in an alternative concept of optimality where multiple (rather than single) criteria characterize the notion of “the best” (or optimal), as is prevalent in the areas of economics, engineering, management and business. These are often constrained problems where search for an optimal solution requires some form of evaluating criteria perfo...

The TODIM method, which is an acronym in Portuguese for Iterative Multi-criteria Decision Making, is one of the first Multi-Criteria Decision Making (MCDM) founded on prospect Theory. One of the strong attributes is its capacity to treat risk MCDM problems. Nevertheless, TODIM in its original formulation is not able to take into account uncertain information of the decision matrix. In order to ...

The aim of this study was to provide an analytical tool to evaluate and select the best supplier(s)/vendor(s) in fuzzy environment for Television (TV) manufacturing organization. A hierarchy through which decision makers can bring about a comparison among the suppliers was worked out and software for the same was developed. The methodology for selection was based upon multiple criteria decision...

In Ghana, freight transport is growing continuously every year due to its location and business processes. However, road carries 86% of despite numerous negative impacts. Hence, the government has invested in rail transport, with 70% capacity for her busy corridor (eastern regions Ghana). Thus, awareness criteria considered when deciding on becomes vital. this study aims improve understanding f...

Multicriteria decision-making (MCDM) problems often involve a complex decision process in which multiple requirements and fuzzy conditions have to be taken into consideration simultaneously. The existing approaches for solving this problem in a fuzzy environment are complex. Combining the concepts of grey relation and pairwise comparison, a new fuzzy MCDM method is proposed. First, the fuzzy an...

Shopping malls are one of the glories of metropolises with their attractive shops and a wide variety people who are walking in order to purchase goods. Location of a shopping mall is one of the critical criteria, because it can influence the success of the project. In addition, selecting an appropriate location to establish a new shopping mall is a sophisticated, time consuming and risky decisi...

Decision-making techniques are used to select the "best" alternatives under multiple and often conflicting criteria. Multicriteria decision making (MCDM) necessitates to incorporate uncertainties in the decision-making process. The major thrust of this article is to extend the framework proposed by Yager for multiple decisionmakers and fuzzy utilities (payoffs). In addition, the concept of expe...

The paper illustrates the application of three Multiple-Criteria Decision-Making (MCDM) methods to the problem of the selection of a new hub airport for a hypothetical European Union (EU) airline assumed to operate within the EU liberalised air transport market. The three MCDM methods used are SAW (Simple Additive Weighting), TOPSIS (Technique for Order Preference by Similarity to the Ideal Sol...