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...

a r t i c l e i n f o The classic multiple-criteria decision making (MCDM) model assumes that, when taking a decision, the decision maker has defined a fixed set of criteria and is presented with a clear picture of all available alternatives. The task then reduces to computing the score of each alternative, thus producing a ranking, and choosing the one that maximizes this value. However, most ...

according to the limit of resources in the subject of prioritization, one of the alternative methods is mcdm method. generally, mcdm models have been developed under certainty while we confront with under uncertainty in real world. in hierarchical mcdm methods, one of the main steps is to weigh criteria and computes each alternative weight using defined criteria in the next steps. one of the ea...

The Fuzzy Analytic Network Process (ANP) is generally used for solving multicriteria decision making (MCDM) problems by considering the pairwise comparison between criteria/sub-criteria, and inner/outer dependencies among criteria. Linguistic expressions are used for experts’ judgements, and these judgements are imprecise and vague. Hence, incorporating fuzziness with multi-criteria decision ma...

Using the balanced scorecard approach based on sustainable development parameters is a powerful and useful methodology to evaluate the sustainable performance of organization or company. In this paper, a new approach based on sustainability balanced scorecard (SBSC) and multi criteria decision making (MCDM) approaches is developed for evaluating the performance of oil producing companies in Ira...

This chapter outlines an intelligent fuzzy multi-criteria decision-making (MCDM) model for appropriate selection of a flexible manufacturing system (FMS) in a conflicting criteria environment. A holistic methodology has been developed for finding out the “optimal FMS” from a set of candidate-FMSs. This method of trade-offs among various parameters, viz., design parameters, economic consideratio...

Our field of management science or operations research (I will use the names interchangeably) is roughly 40 years old. Strictly speaking, the beginnings may be found during World War II, but our two flagship journals (Management Science and Operations Research) are approaching their 40th birthdays. Though the fields have generally developed nicely, all has not been smooth sailing. Roughly 20 ye...