Location decision is an integral part of organizational strategies involving many factorsthat may be conflicting in nature. This paper presents a holistic approach of the multi-criteria decisionmaking (MCDM) methodology to select the optimal location(s), which fits best for both investors andmanagers. A case study is also provided to illustrate the application of the proposed holistic approach....

In light of the deficiencies and limitations for existing score functions, Lin has proposed a more effective and reasonable new score function for measuring vague values. By using Lin’s score function and a new weighted aggregation score function, an algorithm for multi-criteria group decision-making method was proposed to solve vague set based group decision-making problems under vague environ...

In recent years, hesitant fuzzy sets and neutrosophic sets have aroused the interest of researchers and have been widely applied to multi-criteria decisionmaking problems. The operations of multi-valued neutrosophic sets are introduced and a comparison method is developed based on related research of hesitant fuzzy sets and intuitionistic fuzzy sets in this paper. Furthermore, some multi-valued...

BACKGROUND Systematic and transparent approaches to priority setting are needed, particularly in low-resource settings, to produce decisions that are sound and acceptable to stakeholders. The EVIDEM framework brings together Health Technology Assessment (HTA) and multi-criteria decision analysis (MCDA) by proposing a comprehensive set of decision criteria together with standardized processes to...

In this paper we show how the Belief-Function based Technique for Order Preference by Similarity to Ideal Solution (BF-TOPSIS) approach can be used for solving non-classical multi-criteria decisionmaking (MCDM) problems. We give simple examples to illustrate our presentation.

A large number of multi-criteria methods have been developed to deal with different kinds of problems. Most of them use a linear aggregation, what is the cause of many shortcomings in solving decision problems. This paper presents how to identify nonlinear multi-criteria decision-making models with using the new fuzzy method: the Characteristic Objects Method (COMET). In this approach, models a...

Wind energy is becoming a potential source for renewable and clean energy. An important factor that contributes to efficient generation of wind power is the use of appropriate wind turbine. However, the task of selecting an appropriate, site-specific turbine is a complex problem. The complexity is due to the presence of several conflicting decision criteria in the decision process. Therefore, a...

This chapter aims to delineate measurement of level-of-satisfaction during decision making under intelligent fuzzy environment. Before proceeding with the multi-criteria decisionmaking model (MCDM), we attempt to build a co-relation among decision support systems (DSS), decision theories and fuzziness of information. The so-relation shows the necessity of incorporating decision makers’ (DM) lev...

Over the past decades the complexity of financial decisions has increased rapidly, thus highlighting the importance of developing and implementing sophisticated and efficient quantitative analysis techniques for supporting and aiding financial decision making. Multi-criteria decision aid (MCDA), an advanced field of operations research, provides financial decision makers (DMs) and analysts a wi...

This article presents a rigorous simulation-based optimization framework that enables concurrent and consistent decisionmaking in building design. Analytical Target Cascading (ATC), a multi-level engineering design optimization framework, is extended to thermal and HVAC design in buildings. The framework facilitates computational decision support for meeting building performance goals, allows a...