In this paper we present a new approach for the planning of an investment project in the field of building construction. The focus is in shaping of the concept that serves to facilitate decision making about investments through providing support to investors’ when they are dealing with a problem selection of a solution for investment project. The concept is based on the combined use of several ...

This paper introduces the interval-PROMETHEE method to the investment decision making of value investing. Five performance criteria are used for measuring the growth potential of firms and are represented by interval numbers based on the real financial data. The interval-PROMETHEE method is applied to rank the 20 randomly selected stocks in Shanghai Stock Exchange. The portfolio with the top 5 ...

Outsourcing has become a common strategy in the information system/information technology (IS/IT) field in recent years. Many organizations attempt to enhance their competitiveness, reduce costs, increase their focus on internal resources and core activities, and sustain competitive advantage by IS/ IT outsourcing. Selection of appropriate outsourcing partners is an extremely important goal for...

The paper proposed a linguistic PROMETHEE approach for making investment portfolio decision. First, we both consider quantitative and qualitative information of each stock and use 2-tuple linguistic value for experts to express their opinions to obtain qualitative information with respect to all evaluation criteria. Then, the transformation method of 2-tuple linguistic variable is applied to ag...

This paper presents an effective decision making framework for software selection in manufacturing industries using a multiple criteria decision making method, Preference Ranking Organization Method for Enrichment Evaluations (PROMETHEE). The method is improved in the present work by integrating with analytic hierarchy process (AHP) and the fuzzy logic. Fuzzy logic is introduced to handle the i...

The paper presents the elements of a new methodology to control complex and hypercomplex socio-economic structures. The control process is iterative, combining the principles of System Dynamics, Control theory and the PROMETHEE Multicriteria Decision Aid (MCDA) methodology. It consists of three main stages: setting up and calibration of a quantitative model, de®nition of long-term strategies an...

Computational electromagnetics (CEM) is applied to model the interaction of electromagnetic fields with the objects like antenna, waveguides, aircraft and their environment using Maxwell equations. In this paper the strength and weakness of various computational electromagnetic techniques are deliberated in detail. Performance of various techniques in terms accuracy, memory and computation time...

In a competitive environment, a stakeholder needs to be aware of the relative position of the alternative (for example, projects or products) in relation to those of their competitors, often accomplished through a comparison of alternatives. To demonstrate, a company knowing the chances of success of its proposed environmental project (Lahdelma, Salminen, & Hokkanen, 2000) and a manufacturer kn...

The evaluation of quality of the railway passenger service is an important way to know the quality of the railway passenger service. This paper firstly constructs an evaluation indicator system of the quality of the railway passenger service on the foundation of the related literatures, and constructs the multiple-attribute evaluation matrix and indicator weight vector based on the linguistic v...