Proper investment decision making is key to success for every investor in their efforts to keep pace with the competitive business environment. Mitigation of exposure to risk plays a vital role, since investors are now directly exposed to the uncertain decision environment. The uncertainty (and risk) of an investment is increasing with the increased number of competing investors entering to mar...

Multi Criteria Decision Making (MCDM) provides strong decision making in domains where selection of best alternative is highly complex. This survey paper reviews the main streams of consideration in multi criteria decision making theory and practice in detail. The main purpose is to identify various applications and the approaches, and to suggest approaches which are most robustly and effective...

abstract: although all university majors are prominent and the necessity of their presences is of no question, they might not have the same priority basis considering different resources and strategies that could be spotted for a country. this paper focuses on clustering and ranking university majors in iran. to do so, a model is presented to clarify the procedure. eight different criteria are ...

Location selection is a multi-criteria decision making (MCDM) problem that includes both tangible and intangible factors (Kahraman et al., 2003). Location problems involve the determination of the location of one or more new facilities in one or several potential sites. Obviously, the number of sites should be at least equal to the number of new facilities being located (Heragu, 2006). The majo...

The paper presents a brief description of algorithms for solving fuzzy multicriteria decision making problems. The evaluations of the alternatives by the criteria can be real numbers by different scales, fuzzy preference relations by each criterion or trapezoidal fuzzy numbers by the criteria. The weights of the criteria can be real numbers, weighting functions or fuzzy relation between the cou...

In recent years, determining the best supplier has become a key strategic consideration in the competitive market. Since the decision commonly involves evaluating different criteria or attributes, supplier selection process is a multiple criteria decision-making (MCDM) problem. This study integrates the Taguchi loss function, analytical hierarchy process (AHP) and multi-choice goal programming ...