Green material selection is a crucial step for the material industry to comprehensively improve material properties and promote sustainable development. However, because of the subjectivity and conflicting evaluation criteria in its process, green material selection, as a multi-criteria decision making (MCDM) problem, has been a widespread concern to the relevant experts. Thus, this study propo...

An integrated interactive menu driven software MCDMGDSS was developed to consider multicriterion analysis in group decision making environment. The capability of MCDMGDSS is demonstrated with the case study of Chaliyar river basin planning problem, Kerala, India to find the most suitable configuration of the reservoirs. Eight alternatives are analysed with respect to six noncommensurable discre...

By morphing mean–variance optimization (MVO) portfolio model into semi-absolute deviation (SAD) model, we apply multi criteria decision making (MCDM) via fuzzy mathematical programming to develop comprehensive models of asset portfolio optimization (APO) for the investors’ pursuing either of the aggressive or conservative strategies. 2007 Elsevier Inc. All rights reserved.

In multi-criteria decision making (MCDM) problems, ratings are assigned to the alternatives on different criteria by the expert group. In this paper, we propose a thermodynamically consistent model for MCDM using the analogies for thermodynamical indicators energy, exergy and entropy. The most commonly used method for analysing MCDM problem is Technique for Order of Preference by Similarity to ...

This paper presents a new multi-criteria decision-making (MCDM) method, namely the ratio product model (RPM). We first overview two popular aggregating models: weighted sum (WSM) and (WPM). Then, we argue that models suffer from some fundamental issues mainly due to ignoring nature of alternatives' scores with respect criteria importance weights criteria. Building on notion compositional data a...

Numerous companies are expecting their knowledge management (KM) to be performed effectively in order to leverage and transform the knowledge into competitive advantages. However, here raises a critical issue of how companies can better evaluate and select a favorable KM strategy prior to a successful KM implementation. The KM strategy selection is a kind of multiple criteria decision-making (M...

In this paper we introduce a new procedure called α -Discounting Method for MultiCriteria Decision Making (α-D MCDM), which is as an alternative and extension of Saaty’s Analytical Hierarchy Process (AHP). It works for any number of preferences that can be transformed into a system of homogeneous linear equations. A degree of consistency (and implicitly a degree of inconsistency) of a decision-...

Wireless networks are designed to operate independently without any cooperation. With the many existing inconveniences of 3G networks, operators are persuaded to switch to heterogeneous access networks. This reduces the costs that operators should pay in order to move to 4G and thus make use of the existing networks infrastructures, to come up with heterogeneous environment where multiple wirel...

Choosing the best option out of many available options is always goal to be achieved in all areas. However, parameters (criteria) each alternative are not same, sometimes contradictory. In this situation, choosing an extremely difficult decision for maker. Multi-criteria making (MCDM) ranking alternatives based on criteria alternative. More than one hundred multi-criteria decision-making method...