Evaluation and selection of concrete production facility location is an important strategic decision making problem for both public and private sector. The multi-dimensional, multi-criteria nature of the concrete production facility location problem limits the usefulness of any particular single objective model. In this study, social, economical, technological, environmental and transportation ...

Fourth party logistics (4PL) company plays the role of integrator, which provides both information technology and supply chain integration capabilities. It not only creates different values of each segment in the supply chain, but also elevates the effects in supply chain management for business. Therefore, how to select an appropriate fourth party logistics company is an important decision for...

In response to fast-growing and rapidly-changing markets, launching new products faster than competitors cannot only assist firms in acquiring larger market share but also reducing development lead time, significantly. However, owing to its intrinsically uncertain properties of managing NPD (new product development), manufacturing companies often struggle with the dilemma of increasing product ...

This paper develops a quality estimation method with the application of fuzzy hierarchical clustering. Quality estimation is essential to quality control and quality improvement as a precise estimation can promote a right decision-making in order to help better quality control. Normally the quality of finished products in manufacturing system can be differentiated by quality standards. In the r...

In this paper a novel method for designing hierarchical fuzzy logic Systems are investigated. A new method using genetic algorithms for design of hierarchical fuzzy logic systems are proposed. The proposed method is then applied to financial modelling and prediction. A hierarchical fuzzy logic system is developed to predict quarterly interest rates in Australia. The new method proposed determin...

Because of the pressure of globalization in the last two decades, professional services has become an important strategic decision so that supplier selection is a prime concern. In the semiconductor industry, the prior researches worked on analyzing and improving the process, and evaluating the equipment manufacturers. Consequently, this study is to identify critical factors related to the wafe...

The returns and risks of high-yield bond (HYB) lie between the stocks and Treasury bonds. In view of investment opportunities and the rate of return, the advantages of HYB are both lower risks and higher shares. Therefore, HYB has become one of important components in the portfolios. The purpose of this study is to identify critical factors related to the selection of HYB. Primary criteria to e...

Energy efficiency is one of the most practical ways for China to simultaneously tackle environmental issues and achieve sustainable development. However, the issue of inadequate capital inflows is a bottleneck in energy efficiency projects, especially for small and medium-sized enterprises (SMEs). This study focuses on the complicated financial barriers to effectively promoting such projects fo...

The purpose of this study is to apply the method of hybrid multiple criteria decision making (MCDM) to select public relations personnel for tourism industry in Taiwan. Fuzzy Delphi method, which can lead to better criteria selection, is used to modify criteria. Considering the interdependence among the selection criteria, analytic network process (ANP) is then used to obtain the weights of the...

As the result of the development of Fuzzy Multiple Criteria Decision Making (FMCDM) with the help of fuzzy set theory a number of innovations have been made possible. The new approach of FMCDM – Fuzzy Hierarchical Modeling is introduced. It is shown in the article, how to use the fuzzy hierarchical model with other methods of FMCDM. Advantages of the method are described also. We propose a nove...