There are many real-life problems that, because of the need to involve a wide domain of knowledge, are beyond a single expert. This is especially true for complex problems. Therefore, it is usually necessary to allocate more than one expert to a decision process. In such situations, we can observe an increasing importance of uncertainty. In this paper, the Multi-Criteria Decision-Making (MCDM) ...

in this paper, a model has been provided for selecting right portfolio in stock exchange. the ranking of financial industries and companies has been applied for the selection of the right stock in this model. these rankings have been done through promethee decision- making method. technical analysis aims to determine the right time to buy and sell the superior stocks. a survey study is also don...

Various multi-criteria decision making (MCDM) methods have been proposed to solve diverse applications of decision problems. One of the MCDM methods is additive weighting-based method. However, this method is not explicitly disseminated and its applications are not-well received by many MCDM enthusiasts. This paper presents a review of the applications of simple additive weighting (SAW) and fuz...

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 ...

energy is a critical factor to obtain a sustainable development for countries and governments. selection of the most appropriate energy alternative is a completely critical and a complex decision making problem. in this paper, an integrated multi-criteria decision-making (mcdm) methodology based on type-2 fuzzy sets is proposed for selection among energy alternatives. then a roadmap has been cr...

This feature cluster of the European Journal of Operational Research is one of three special issues devoted to results from the Sixteenth International Conference on Multi-Criteria Decision Making held at Semmering, Austria, on February 18–22, 2002. The special issue of the Journal of MultiCriteria Decision Making edited by Matthias Ehrgott and Mikulas Luptacik will focus on application-oriente...

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...

ABSTRACT. ––Land suitability assessment in a Geographic Information System (GIS) environment is formulated as a multi-criteria decision making (MCDM) problem. Different MCDM approaches are developed to combine factors in a suitability analysis of land for potential land uses. These MCDM approaches are used to develop a generic suitability index. Approaches include both qualitative and quantitat...

  Multiple criteria decision making (MCDM) problem is one of the famous different kinds of decision making problems. In more cases in real situations, determining the exact values for MCDM problems is difficult or impossible. So, the values of alternatives with respect to the criteria or / and the values of criteria weights, are considered as fuzzy values (fuzzy numbers). In such conditions, th...

Multi-Criteria Decision Making (MCDM) involves the selection of the best actions from a set of alternatives, each of which is evaluated against multiple, and often conflicting, criteria. Most of the existing MCDM methods only focus on decisions under certainty. The criteria were evaluated separately as if they were independent of each other. Complex, often uncertain interactions between criteri...