618 results
Search Results
2. Integrating external representations and internal patterns into dynamic multiple-criteria decision making.
- Author
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Yao, Xiaoyang, Liu, Enmeng, Sun, Xiaolei, Le, Wei, and Li, Jianping
- Subjects
MULTIPLE criteria decision making ,DECISION making ,FUZZY measure theory ,RISK assessment ,ADDITIVES - Abstract
The dynamic multiple-criteria decision-making (MCDM) approach has drawn immense attention in the decision analysis domain over recent years. An essential problem of this dynamic process is how to retrieve the utmost from historical data. Although most previous dynamic MCDM studies process historical data only with external representatives, namely scores given to alternatives on each criterion, we argue that internal patterns of historical data are also essential to achieve a more comprehensive evaluation of alternatives. Nevertheless, a data-driven methodology aiming to capture internal patterns of historical data and consequently provide decision-makers with meaningful insights is still lacking. In this paper, we propose a framework that serves as integration within which both external representations and internal patterns are used to make a more comprehensive evaluation. Then we apply our framework to student evaluations and country-level risk assessments in the contexts of additive and fuzzy measures, respectively. Both cases show that either using external representatives or internal patterns alone leads to entirely different and even biased results. On the contrary, integrating external representations and internal patterns can offer more flexibility and higher interpretation power. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
3. Can diverse and conflicting interests of multiple stakeholders be balanced?
- Author
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Bongo, Miriam F. and Sy, Charlle L.
- Subjects
ROBUST optimization ,LINEAR programming ,MODEL airplanes ,DECISION making - Abstract
Multiple stakeholders involved in the decision-making process have inherent interests that are sought to be maximized along with the collective goals specified by the organization as a whole. Due to the nature of these interests being diverse and often conflicting, an apparent dispute emerges which results in an even greater chaotic situation among stakeholders. Despite the introduction of several analytical and optimization tools to put the perspective of stakeholders into balance, there appears to be an inadequacy of frameworks that objectively incorporates the interests of stakeholders into a single metric. To advance this significant gap, this paper proposes a multiple stakeholder-based target-oriented robust optimization (MS-TORO) model which aggregates the interests of stakeholders into a single model with account for uncertainty. The conceptual and mathematical properties of the classical TORO model are used as a part of the MS-TORO framework to generate a satisficing solution with respect to the interests of multiple stakeholders. To demonstrate the applicability and validity of the proposed model, a hypothetical case study is performed in the decision process involving the post-departure aircraft rerouting problem. The system of the rerouting process involves multiple stakeholders each with inherent interests in an uncertain environment. Implementing the model provided solutions which satisfices the interests of multiple stakeholders as represented by the target metric minimizing the deviation from the performance targets of stakeholders. The proposed model not only confirmed the preferences of stakeholders in instances when a common route is selected but also showed non-biased solutions, thereby, adequately balancing interests. [ABSTRACT FROM AUTHOR]
- Published
- 2024
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- View/download PDF
4. Data envelopment analysis model with decision makers' preferences: a robust credibility approach.
- Author
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Omrani, Hashem, Alizadeh, Arash, Emrouznejad, Ali, and Teplova, Tamara
- Subjects
GROUP decision making ,DATA envelopment analysis ,ROBUST optimization ,DECISION making ,FUZZY sets - Abstract
Data envelopment analysis (DEA) is one of the widely used methods to measure the efficiency scores of decision making units (DMUs). Conventional DEA is unable to consider both uncertainty in data and decision makers' (DMs) judgments in the evaluations. This study, to address the shortcomings of the conventional DEA, proposes a new best worst method (BWM)- robust credibility DEA (BWM-RCDEA) model to estimate the efficiency scores of DMUs considering DMs' preferences and uncertain data, simultaneously. First, to handle uncertainty in input and output variables, fuzzy credibility model has been applied. Additionally, uncertainty in constructing fuzzy sets is modeled using robust optimization with fuzzy perturbation degree. In this paper, two new types of RCDEA models are proposed: RCDEA model with exact perturbation in fuzzy inputs and outputs and RCDEA model with fuzzy perturbation in fuzzy inputs and outputs. In addition, to deal with flexibility of weights and incorporating DMs' judgement into the RCDEA model, a bi-objective BWM-RCDEA model is introduced. Finally, the proposed bi-objective model is solved using min–max approach. To illustrate the usefulness and capability of the proposed model, efficiency scores of 39 distribution companies in Iran is investigated and results are analyzed and discussed. Finally, based on the results, recommendations have been made for policy makers. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
5. Compatibility and correlation of multi-attribute decision making: a case of industrial relocation.
- Author
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Martino Neto, Jose, Salomon, Valerio Antonio Pamplona, Ortiz-Barrios, Miguel Angel, and Petrillo, Antonella
- Subjects
ANALYTIC hierarchy process ,DECISION making ,UTILITY theory ,TOPSIS method ,BUSINESS planning - Abstract
Industrial relocation (IR) is a business strategy consisting of moving operations locations. The purpose of this paper is to present how to assess, with multi-attribute decision-making (MADM), alternatives for IR. With MADM, IR strategies can be assessed not only based on a single attribute, as costs, or profits. This paper presents the application of MADM in a real case of IR. Four leading methods of MADM were applied: analytic hierarchy process (AHP), multi-attribute utility theory (MAUT), multi-attribute value theory (MAVT), and technique of order preference by similarity to ideal solution (TOPSIS). Results of AHP, MAUT, MAVT, and TOPSIS were quite similar, indicating the decision for the company not to relocate. A joint comparison of results with compatibility indices and correlation coefficients is the major novelty presented by this paper to the field of Operations Research, known as MADM. [ABSTRACT FROM AUTHOR]
- Published
- 2023
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6. The use of multi-criteria decision-making methods in project portfolio selection: a literature review and future research directions.
- Author
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Kandakoglu, M., Walther, G., and Ben Amor, S.
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LITERATURE reviews ,MULTIPLE criteria decision making ,DECISION making ,DECISION trees ,MATHEMATICAL programming - Abstract
In most project portfolio selection (PPS) situations, the presence of multiple attributes and decision-maker preference is inevitable. As Multi-criteria Decision Analysis (MCDA) methods provide a framework well-suited to deal with these challenges in PPS problems, the use of MCDA methods in real-life PPS problems has increased in recent years. This paper provides a comprehensive literature review of the use of different MCDA methods and their individual or combined utilization with other modeling techniques to support PPS problems. First, we summarize how MCDA methods are used in different modeling approaches. Second, we examine the mathematical models that are generally used to combine MCDA with mathematical programming techniques to solve PPS problems with resource constraints. Third, we present the drawbacks of combined utilization and discuss recent advances. Finally, we visualize the summary of the reviewed papers as a decision tree to assist researchers and practitioners in the use of MCDA methods in a specific PPS context and propose some future research directions. [ABSTRACT FROM AUTHOR]
- Published
- 2024
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7. Supplier selection to support environmental sustainability: the stratified BWM TOPSIS method.
- Author
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Asadabadi, Mehdi Rajabi, Ahmadi, Hadi Badri, Gupta, Himanshu, and Liou, James J. H.
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TOPSIS method ,SUSTAINABILITY ,COVID-19 pandemic ,SUPPLIERS ,DECISION making - Abstract
Organisations need to develop long-term strategies to ensure they incorporate innovation for environmental sustainability (IES) to remain competitive in the market. This can be challenging given the high level of uncertainty regarding the future (e.g., following the COVID pandemic). Supplier selection is an important decision that organisations make and can be designed to support IES. While the literature provides various criteria in the field of IES strategies, it does not identify the criteria which can be utilised to assist organisations in their supplier selection decisions. Moreover, the literature in this field does not consider uncertainty related to the occurrence of possible future events which may influence the importance of these criteria. To address this gap, this paper develops a novel criteria decision framework to assist supplier evaluation in organisations, taking into consideration different events that may occur in the future. The framework that combines three decision-making methods: the stratified multi-criteria decision-making method, best worst method, and technique for order of preference by similarity to ideal solution. The framework, proposed in this paper, can also be adopted to enable effective and sustainable decision making under uncertainty in various fields. [ABSTRACT FROM AUTHOR]
- Published
- 2023
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8. The performance of priority rules for the dynamic stochastic resource-constrained multi-project scheduling problem: an experimental investigation.
- Author
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Melchiors, Philipp, Kolisch, Rainer, and Kanet, John J.
- Subjects
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PRODUCTION scheduling , *SCHEDULING , *TARDINESS , *PROJECT managers , *DECISION making , *JOB shops - Abstract
We consider the problem of a project manager of a matrix organization responsible for the timely completion of projects arriving over time and requiring the usage of a set of resources under his/her purview. A project is defined by a set of activities, precedence relations between activities, resource requirements, a customer due date, and a priority (a weight). Arriving projects are released to a flow control system that monitors the progress of activities and schedules the set of available activities, i.e., activities that are ready to be processed, as appropriate. A critical feature of such control systems is the decision process for choosing the next activity to seize a given resource. This is the focus of this paper. In the past several decades, various heuristic priority rules have been proposed in the literature to support this type of decision in differing settings such as the job shop problem and the deterministic resource-constrained project scheduling problem. A gap exists with respect to testing the various rules all together in the more realistic dynamic-stochastic multi-project environment when the objective is to minimize weighted project tardiness. The purpose of this paper is to fill this gap. Results show that the priority rule "Weighted Critical Ratio and Shortest Processing Time" (W (CR + SPT)) is the best performing rule with respect to minimizing weighted project tardiness. W (CR + SPT) is shown to be a variant of the family of "Modified Due Date" rules first introduced by Baker and Bertrand (J Oper Manage 1(3):37–42, 1982). Repeated application of Duncan's Multiple Range test demonstrates the robustness of our findings. For the environmental parameters (due date tightness, variation of expected activity durations, and utilization of resource), the W (CR + SPT) rule is dominant with respect to weighted project tardiness among the eleven priority rules tested. Only when the number of resources is very modest (either 1 or 3 resources) or under a purely parallel resource network is W (CR + SPT) not the dominant rule. In those cases, its variant W (CR + GSPT) is the best performing rule with respect to weighted project tardiness. [ABSTRACT FROM AUTHOR]
- Published
- 2024
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9. Examining the role of emotional intelligence as a moderator for virtual communication and decision making effectiveness during the COVID-19 crisis: revisiting task technology fit theory.
- Author
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Warrier, Uma, Shankar, Anand, and Belal, H. M.
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VIRTUAL communications ,COVID-19 pandemic ,EMOTIONAL intelligence ,DECISION making ,COVID-19 - Abstract
The COVID 19 has brought unprecedented changes in the way we communicate. There is a greater accent on Virtual communication. This paper aims to establish a relationship between Emotional intelligence and the effectiveness of Virtual communication on Decision making. This empirical study is based on a sample drawn from 296 working professionals at five different levels of organizational hierarchy. A standardized questionnaire (ɑ = 0.824) was used to collect the responses of Emotional intelligence, Virtual communication, and Decision-making effectiveness. Hierarchical regression using PROCESS Macro model 1 was used to identify the moderating effect of Emotional intelligence on Virtual communication and Decision making effectiveness. Since the p-value (p ≤.007) is found significant, Emotional intelligence acts as a moderator that affects the strength of the relationship between Virtual communication effectiveness and Decision making. Validation of Task Technology fit theory is the theoretical implication of the study. Manipulation of individual dimensions in the model can reduce the dependence on technology for task completion with enhanced performance effectiveness. The findings are relevant to educators, consultants, and any professional who need to adapt Virtual communication platforms on an ongoing basis. Since work-life balance is projected as a constraint in this study, policymakers can consider policy amendments to reduce the stress caused due to Virtual communication which intrudes into their personal space. This empirical study is the first of its kind to benchmark the organizational practice of Emotional intelligence training to enhance Virtual communication and Decision making effectiveness during unprecedented times of pandemic. [ABSTRACT FROM AUTHOR]
- Published
- 2024
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10. Selecting an agricultural technology package based on the flexible and interactive tradeoff method.
- Author
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Alvarez Carrillo, Pavel Anselmo, Roselli, Lucia Reis Peixoto, Frej, Eduarda Asfora, and de Almeida, Adiel Teixeira
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AGRICULTURAL technology ,DECISION support systems ,FLEXIBLE packaging ,MULTIPLE criteria decision making ,DECISION making - Abstract
The aim of this paper is to solve an agricultural technology packages selection problem by considering multiple dimensions which influence a maize producer's preferences. The decision-making process is aided by a new multicriteria method for eliciting scale constants in additive models: flexible and interactive tradeoff (FITradeoff). This method works with partial information, obtained from the decision maker (DM), and thus reduces the time that the DM has to spend on the process for eliciting his/her preferences as he/she may avoid answering difficult questions. The decision-making process makes use of a decision support system (DSS), in which the DM interactively gives preference statements in a structured manner. The DSS gives flexibility to the DM, in such way that he/she gives as much information as he/she is willing to. Graphical visualization is provided at each step in order to help the DM's analyses. Throughout the description of an application, some insights are provided including a discussion of the advantages and features of the FITradeoff method. [ABSTRACT FROM AUTHOR]
- Published
- 2022
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11. Charting the managerial and theoretical evolutionary path of AHP using thematic and systematic review: a decadal (2012–2021) study.
- Author
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Pereira, Vijay and Bamel, Umesh
- Subjects
ANALYTIC hierarchy process ,GROUP decision making ,PROBLEM solving ,OPERATIONS research ,MULTIPLE criteria decision making - Abstract
Analytical Hierarchy Process (AHP) has evolved since its inception and has contributed mainly to multi-criteria decision-making (MCDM) to solve complex problems. It is a widespread technique that uses group decision-making approach to solve problems in business operations, mathematics, and numerous other scientific fields. While its applications are numerous, a handful of researchers have studied the growth trajectory of AHP. Whilst these seminal works have discussed the evolution of AHP in different contexts and using contemporary techniques, we complement them by presenting and reflecting on the unchartered and pressing need of charting the managerial and theoretical evolution of AHP, over the last decade. We do this through a systematic and thematic review of the extant literature. This study uses the Scopus database to extract papers published between 2012 and 2021 in decision science with an overlap with operations research and information systems. The study follows Tranfield et al. (2003)'s guidelines to understand the past trends of AHP along three key dimensions and offers future directions. The study also showcases key trends using historiography and uses data visualization techniques to understand the use of AHP with other MCDM techniques. [ABSTRACT FROM AUTHOR]
- Published
- 2023
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12. Key performance indicator based dynamic decision-making framework for sustainable Industry 4.0 implementation risks evaluation: reference to the Indian manufacturing industries.
- Author
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Gadekar, Rimalini, Sarkar, Bijan, and Gadekar, Ashish
- Subjects
INDUSTRY 4.0 ,RISK assessment ,TECHNOLOGICAL risk assessment ,DECISION making ,MANUFACTURING industries ,KEY performance indicators (Management) ,QUALITY function deployment - Abstract
Global corporate giants are keen to adopt Industry 4.0 (I4.0) owing to its continuous, impactful, and evident benefits. However, implementing I4.0 remains a significant challenge for many organizations, mainly due to the absence of a systematic and comprehensive framework. The risk assessment study is key to the flawless execution of any project is a proven fact. This paper aims to develop a KPIs-based sustainable integrated model to assess and evaluate risks associated with the I4.0 implementation. This research paper has developed the I4.0 risks evaluation model through fifteen expert interventions and an extensive systematic literature review. This research, based on sixteen KPIs evaluates six risks impacting the organization's decision to adopt I4.0. Initially, the Fuzzy Decision-Making Trial and Evaluation Laboratory method is used to map the causal relationship among the KPIs. Further, the additive ratio assessment with interval triangular fuzzy numbers method is used to rank the risks. The study revealed that information technology infrastructure and prediction capabilities are the most crucial prominence and receiver KPIs. Simultaneously, technological and social risks are found to be highly significant in the I4.0 implementation decision-making process. The developed model meticulously supports the manufacturer's, policymaker, and researchers' viewpoint toward I4.0 implementation in the present and post COVID-19 pandemic phases in manufacturing companies. The comprehensive yet simple model developed in this study contributes to the larger ambit of new knowledge and extant literature. The integrated model is exceptionally based on the most prominent risks and a wider range of KPIs that are further analyzed by aptly fitting two fuzzy MCDM techniques, which makes the study special as it perfectly takes care of the uncertainties and vagueness in the decision-making process. Hence, this study is pioneering and unique in context to I4.0 risks prioritization aiming to accelerate I4.0 adoption. [ABSTRACT FROM AUTHOR]
- Published
- 2022
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13. Preface: recent advances in knowledge modelling and decision making with uncertainties.
- Author
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Huynh, Van-Nam and Yan, Hong-Bin
- Subjects
DECISION making ,AMBIGUITY ,GROUP decision making ,TELECOMMUNICATION network management ,SCHOLARLY peer review ,POLYVINYL chloride pipe ,ESTIMATION theory ,DECISION theory - Abstract
Numerical results show that implementing the carbon emission trading mechanism is an effective way to promote technology adoption and carbon emission reduction, although it does not certainly lead to less carbon emissions than implementing only a carbon cap. In "Technology adoption with carbon emission trading mechanism: modeling with heterogeneous agents and uncertain carbon price" by C. Fang and T. Ma, an optimization model of technology adoption with heterogeneous agents is proposed. This special issue of I Annals of Operations Research i is dedicated to the sixth edition of The International Symposium on Integrated Uncertainty in Knowledge Modelling and Decision Making (IUKM 2018) that was successfully held in Hanoi, Vietnam, on March 15-17, 2018. [Extracted from the article]
- Published
- 2021
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14. Unstable interactions in customers' decision making: an experimental proof.
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Kuppelwieser, Volker, Ben Abdelaziz, Fouad, and Meddeb, Olfa
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DECISION making ,MULTIPLE criteria decision making ,EVIDENCE ,CONJOINT analysis ,CONSUMERS - Abstract
Understanding customers' decision and behavior is the crux of marketing. Despite the broad applications of weighted sum approaches, like conjoint analysis, sophisticated methodological approaches are under-researched in this field. Conversely, multi-criteria decision making's (MCDM) objective is to focus on and forecast these decisions. Based on the Choquet integral, this paper presents an effective and precise calculation method to understand real customers' decision making and to overcome the weighted sum method's limitations. We compare the weighted sum approach with stable and instable Choquet integral methods in three experimental studies. Our results indicate that the weighted sum approach is valuable in pure order-related applications. In quantitative comparisons, both the stable and instable Choquet integral approaches match the decision makers' preferences more closely than the weighted sum approach. The paper demonstrates that well-developed traditional approaches have their merits and can still be applied in the right context. [ABSTRACT FROM AUTHOR]
- Published
- 2020
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15. Environmental sustainability and multifaceted development: multi-criteria decision models with applications.
- Author
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Colapinto, Cinzia, Jayaraman, Raja, Ben Abdelaziz, Fouad, and La Torre, Davide
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MULTIPLE criteria decision making ,ANALYTIC hierarchy process ,SUSTAINABILITY ,STATISTICAL decision making ,DECISION making - Abstract
In recent years, decision makers, policy analysts, and other actors, have become increasingly aware of sustainability, and begun to combine economic, social and environmental criteria in their efforts to maintain competitiveness, long-term growth and development. In multiple stakeholder settings, the presence of diverse objectives and conflicting criteria often leads to a complex multi-criteria decision problem. The multi-criteria decision analysis (MCDA) offers an integrated framework to model and study sustainability criteria and related inter-criteria relationships. In this paper, we review some of the most significant literature on environmental sustainability, and categorise it to show how and why MCDA models are widely used and becoming increasingly popular. Our systematic analysis suggests that, there has been significant growth in environmental applications of MCDA in diverse areas, ranging from energy management and policy to land use, recycling management and sustainable tourism. Among the various MCDA methods and techniques, analytical hierarchy process, TOPSIS, and goal programming are the most frequently used approaches. Many authors use a combination of different MCDA techniques to balance various factors important to achieve sustainability related goals. We expect sustainability related criteria to be an essential consideration in most future multi-criteria models. [ABSTRACT FROM AUTHOR]
- Published
- 2020
- Full Text
- View/download PDF
16. A two-stage intervened decision system with multi-state decision units and dynamic system configuration.
- Author
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Lin, Tingnan and Pham, Hoang
- Subjects
DYNAMICAL systems ,PLURALITY voting ,PRODUCT recall ,DECISION making ,DYNAMIC models - Abstract
This paper develops the performability and cost–benefit models for a two-stage intervened decision system with majority voting rule and binary input and output. The decision process of the system contains two stages: an inspection stage (stage 1) and a result submission stage (stage 2). During the first stage, each decision unit in the system will have multiple states and a supervisor will come to visit each unit and check its state for at most twice. The supervisor will conduct the first visit to each unit for certain. However, the behavior of the second visit to each unit will be determined by its state during the first visit. In addition, each decision unit may be removed from the system given certain states during each visit. Therefore the structure of system may change during the decision process. The units which are not removed during the first stage can submit the result at any time during the second stage. However, the performance of each remaining unit will be determined by the ending state of the first stage. Moreover, in order to improve the efficiency of the decision process, a check point is added to the second stage. The performability and cost–benefit models for this dynamic system are developed by considering the distribution of states at the end of the first stage. A three-step method will be proposed for model optimization. Some numerical examples for the three-step method will be presented. The proposed intervened decision system in this paper can be applied in many contexts such as financial investment, paper submission review and proposal evaluation, credit evaluation and loan application and product release and recall. [ABSTRACT FROM AUTHOR]
- Published
- 2022
- Full Text
- View/download PDF
17. Performance analysis of a continuous-time two-class global first-come-first-served queue with two servers and presorting.
- Author
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Mélange, Willem, Walraevens, Joris, and Bruneel, Herwig
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TRAFFIC lanes ,DECISION making ,EMPLOYEE motivation ,QUEUING theory - Abstract
This paper considers a continuous-time queueing model with two types (classes) of customers each having their own dedicated server. The objective is to have a better grasp on the concept of a global first-come-first-served service discipline with presorting, i.e., all arriving customers are accommodated in one single FCFS queue, regardless of their type, with an exception of the first P customers. For the first P customers the FCFS rule holds only within the type, i.e., customers of different types can overtake each other in order to be served. Due to the global FCFS rule the model becomes non-workconserving and on the other hand we also have to keep track of the types of customers in the first P customers. The motivation of our work is the concept of a turn lane in road traffic, i.e., a lane reserved for vehicles making a specific turn at the next junction. This paper intends to be a step towards an analytic model to aid in the decision process of various policy makers of the optimal length of turn lanes. [ABSTRACT FROM AUTHOR]
- Published
- 2022
- Full Text
- View/download PDF
18. Reducing incompatibility in a local AHP-group decision making context.
- Author
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Aguarón, Juan, Escobar, María Teresa, and Moreno-Jiménez, José María
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DECISION making ,GROUP decision making ,ANALYTIC hierarchy process - Abstract
In the context of local analytic hierarchy process-group decision making (AHP-GDM), this paper presents a theoretical framework and a semi-automatic procedure for reducing incompatibility between the actors involved in the decision making process and the collective position. The row geometric mean is employed as the prioritisation procedure and the geometric compatibility index (GCOMPI ) as the incompatibility measure; individual pairwise comparison matrices are considered as the input of the reduction process, whilst the collective vector is the output. The reduction is attained by slightly modifying, in relative terms, the judgements of the collective pairwise comparison matrix, irrespective of the method used to obtain it, that further improve the GCOMPI . The resulting judgements of the collective matrix and the associated collective priorities are close to the initial collective values. The procedure does not modify the judgements of the initial individual matrices and this simplifies the process of reaching consensus. A simulation analysis is utilised to study the performance of the algorithm along with an illustrative numerical example. The analysis proves that the proposed algorithm is easy to implement and efficient, it provides mathematically closed results and significantly reduces the GCOMPI associated with the precise consistency consensus matrix which is one of the AHP-GDM tools. The framework allows the procedure to be adapted to specific interests. [ABSTRACT FROM AUTHOR]
- Published
- 2023
- Full Text
- View/download PDF
19. A comparison between TOPSIS and SAW methods.
- Author
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Ciardiello, Francesco and Genovese, Andrea
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TOPSIS method ,MULTIPLE criteria decision making ,VALUATION of real property ,DECISION making - Abstract
The Technique for Order of Preference by Similarity to Ideal Solution (TOPSIS) and Simple Additive Weighting (SAW) are among the most employed approaches for aggregating performances in Multi-Criteria Decision-Making (MCDM). TOPSIS and SAW are two MCDM methods based on the value function approach and are often used in combination with other MCDM methods in order to produce rankings of alternatives. In this paper, first, we analyse some common features of these two MCDM methods with a specific reference to the additive properties of the value function and to the sensitivity of the value function to trade-off weights. Based on such methodological insights, an experimental comparison of the results provided by these two aggregation methods across a computational test is performed. Specifically, similarities in rankings of alternatives produced by TOPSIS and SAW are evaluated under three different Minkowski distances (namely, the Euclidean, Manhattan and Tchebichev ones). Similarities are measured trough a set of statistical indices. Results show that TOPSIS, when used in combination with a Manhattan distance, produces rankings which are extremely similar to the ones resulting from SAW. Similarities are also Experimental results confirm that rankings produced by TOPSIS methods are closer to SAW ones when similar formal properties are satisfied. [ABSTRACT FROM AUTHOR]
- Published
- 2023
- Full Text
- View/download PDF
20. DIKEDOC: a multicriteria methodology to organise and communicate knowledge.
- Author
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Norese, Maria Franca, Rolando, Diana, and Curto, Rocco
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DECISION making ,RESEARCH teams ,INTERDISCIPLINARY research ,TWENTIETH century ,PILOT projects - Abstract
DIKEDOC is a knowledge-based multicriteria methodology that is here proposed to organise dispersed knowledge about a complex problem when a decision process has not yet been activated, or is latent, and to generate an interaction space that produces new knowledge. An integrated use of logical and analytical tools is proposed, first for use at a technical level to organise any dispersed knowledge in a way that generates insights that can be communicated, and then in a participative context, to create an opportunity to interact, share personal points of view and experiences and to explore spaces of action, where such tools facilitate understanding, criticism and proposals. A pilot study was developed, by an interdisciplinary research team, in relation to the enhancement process of the "Ivrea, industrial city of the twentieth century" UNESCO site, which still needs to be activated after a long and complex decision process that led to the inclusion of the site in the World Heritage List. Several research activities and enhancement projects have been developed in the last few years, but a series of critical conditions have limited their implementation. A new perspective is now necessary to identify and control the uncertainties that have emerged, guide the incremental development of knowledge and foster relationships, decisions and policies. The paper presents DIKEDOC, a new knowledge organisation and problem description methodology, and the conducted pilot study, which led to the proposal of a constructive vision of decision aiding that logically and analytically "described" the space of action and its uncertainties. [ABSTRACT FROM AUTHOR]
- Published
- 2023
- Full Text
- View/download PDF
21. Evaluating scales for pairwise comparisons.
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Cavallo, Bice and Ishizaka, Alessio
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DECISION making - Abstract
Pairwise comparisons have been a long-standing technique for comparing alternatives/criteria and their role has been pivotal in the development of modern decision-making methods. The evaluation is very often done linguistically. Several scales have been proposed to translate the linguistic evaluation into a quantitative evaluation. In this paper, we perform an experiment to investigate, under our methodological choices, which type of scale provides the best matching of the decision-maker's verbal representation. The experiment aims to evaluate the suitability of eight evaluation scales for problems of different sizes. We find that the inverse linear scale provides the best matching verbal representation whenever the objective data are measured by means of pairwise comparisons matrices and a suitable distance between matrices is applied for computing the matching error. [ABSTRACT FROM AUTHOR]
- Published
- 2023
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22. Complex networks for community detection of basketball players.
- Author
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Chessa, Alessandro, D'Urso, Pierpaolo, De Giovanni, Livia, Vitale, Vincenzina, and Gebbia, Alfonso
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COMMUNITIES ,BASKETBALL players ,DECISION making - Abstract
In this paper a weighted complex network is used to detect communities of basketball players on the basis of their performances. A sparsification procedure to remove weak edges is also applied. In our proposal, at each removal of an edge the best community structure of the "giant component" is calculated, maximizing the modularity as a measure of compactness within communities and separation among communities. The "sparsification transition" is confirmed by the normalized mutual information. In this way, not only the best distribution of nodes into communities is found, but also the ideal number of communities as well. An application to community detection of basketball players for the NBA regular season 2020–2021 is presented. The proposed methodology allows a data driven decision making process in basketball. [ABSTRACT FROM AUTHOR]
- Published
- 2023
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23. Simulation-based decision making in the NFL using NFLSimulatoR.
- Author
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Williams, Benjamin, Palmquist, Will, and Elmore, Ryan
- Subjects
DECISION making ,SAMPLING (Process) ,INTEGRATED software ,SPORTS statistics ,FOOTBALL - Abstract
In this paper, we introduce an R software package for simulating plays and drives using play-by-play data from the National Football League. The simulations are generated by sampling play-by-play data from previous football seasons. The sampling procedure adds statistical rigor to any decisions or inferences arising from examining the simulations. We highlight that the package is particularly useful as a data-driven tool for evaluating potential in-game strategies or rule changes within the league. We demonstrate its utility by evaluating the oft-debated strategy of "going for it" on fourth down and investigating whether or not teams should pass more than the current standard. [ABSTRACT FROM AUTHOR]
- Published
- 2023
- Full Text
- View/download PDF
24. The analysis of serve decisions in tennis using Bayesian hierarchical models.
- Author
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Tea, Peter and Swartz, Tim B.
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TENNIS players ,DECISION making ,TENNIS - Abstract
Anticipating an opponent's serve is a salient skill in tennis: a skill that undoubtedly requires hours of deliberate study to properly hone. Awareness of one's own serve tendencies is equally as important, and helps maintain unpredictable serve patterns that keep the returner unbalanced. This paper investigates intended serve direction with Bayesian hierarchical models applied on an extensive, and now publicly available data source of professional tennis players at Roland Garros. We find discernible differences between men's and women's tennis, and between individual players. General serve tendencies such as the preference of serving towards the Body on second serve and on high pressure points are revealed. [ABSTRACT FROM AUTHOR]
- Published
- 2023
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25. KNN and adaptive comfort applied in decision making for HVAC systems.
- Author
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Aparicio-Ruiz, Pablo, Barbadilla-Martín, Elena, Guadix, José, and Cortés, Pablo
- Subjects
THERMAL comfort ,DECISION making ,SUPPORT vector machines ,ALGORITHMS ,AIR conditioning ,HEATING & ventilation industry - Abstract
The decision making of a suitable heating, ventilating and air conditioning system's set-point temperature is an energy and environmental challenge in our society. In the present paper, a general framework to define such temperature based on a dynamic adaptive comfort algorithm is proposed. Due to the fact that the thermal comfort of the occupants of a building has different ranges of acceptability, this method is applied to learn such comfort temperature with respect to the running mean temperature and therefore to decide the suitable range of indoor temperature. It is demonstrated that this solution allows to dynamically build an adaptive comfort algorithm, an algorithm based on the human being's thermal adaptability, without applying the traditional theory. The proposed methodology based on the K-Nearest-Neighbour algorithm was tested and compared with data from an experimental thermal comfort field study carried out in a mixed mode building in the south-western area of Spain and with the Support Vector Machine method. The results show that K-Nearest-Neighbour algorithm represents the pattern of thermal comfort data better than the traditional solution and that it is a suitable method to learn the thermal comfort area of a building and to define the set-point temperature for a heating, ventilating and air-conditioning system. [ABSTRACT FROM AUTHOR]
- Published
- 2021
- Full Text
- View/download PDF
26. Linex and double-linex regression for parameter estimation and forecasting.
- Author
-
Tsionas, Mike G.
- Subjects
PARAMETER estimation ,FORECASTING ,PRODUCTION management (Manufacturing) ,OPERATIONS research ,DECISION making - Abstract
The choice of an estimation method has received considerable attention in the Operations Research literature. In this paper we depart from the standard use of linex and double-linex loss functions which are widely used in parameter estimation and forecasting problems and we propose a non-standard use for them. Specifically, we propose to use the corresponding linex and double-linex error densities as models for the errors of a regression problem when more emphasis should be placed on over-estimation or under-estimation of errors. The new techniques are applied to synthetic as well real data concerning the role of management in production as well as to an application of forecasting volatility in intradaily data. [ABSTRACT FROM AUTHOR]
- Published
- 2023
- Full Text
- View/download PDF
27. Centroids of the core of exact capacities: a comparative study.
- Author
-
Miranda, Enrique and Montes, Ignacio
- Subjects
CENTROID ,GAME theory ,COMPARATIVE studies ,DECISION making ,CENTRALITY - Abstract
Capacities are a common tool in decision making. Each capacity determines a core, which is a polytope formed by additive measures. The problem of eliciting a single probability from the core is interesting in a number of fields: in coalitional game theory for selecting a fair way of splitting the wealth between the players, in the transferable belief model from evidence theory or for transforming a second order into a first order model. In this paper, we study this problem when the goal is to determine the centroid of the core of a capacity, and we compare four approaches: the Shapley value, the average of the extreme points, the incenter with respect to the total variation distance and the limit of a procedure of uniform contraction. We show that these four centroids do not coincide in general, we give some sufficient conditions for their equality, and we analyse their axiomatic properties. We also discuss how to define a notion of centrality measure indicating the degree of centrality of an additive measure in the core. Finally, we also analyse these four centroids in the more general context of imprecise probabilities. [ABSTRACT FROM AUTHOR]
- Published
- 2023
- Full Text
- View/download PDF
28. Data mining and predictive analytics applications for the delivery of healthcare services: a systematic literature review.
- Author
-
Malik, M. M., Abdallah, S., and Ala’raj, M.
- Subjects
DATA mining ,BIG data ,ELECTRONIC health records ,DECISION making ,MEDICAL care - Abstract
With the widespread use of healthcare information systems commonly known as electronic health records, there is significant scope for improving the way healthcare is delivered by resorting to the power of big data. This has made data mining and predictive analytics an important tool for healthcare decision making. The literature has reported attempts for knowledge discovery from the big data to improve the delivery of healthcare services, however, there appears no attempt for assessing and synthesizing the available information on how the big data phenomenon has contributed to better outcomes for the delivery of healthcare services. This paper aims to achieve this by systematically reviewing the existing body of knowledge to categorize and evaluate the reported studies on healthcare operations and data mining frameworks. The outcome of this study is useful as a reference for the practitioners and as a research platform for the academia. [ABSTRACT FROM AUTHOR]
- Published
- 2018
- Full Text
- View/download PDF
29. Analyzing the impact of panic purchasing and customer behavior on customer purchasing decisions and retailer strategies during disruption
- Author
-
Soltanzadeh, Shima, Rafiee, Majid, and Weber, Gerhard-Wilhelm
- Published
- 2024
- Full Text
- View/download PDF
30. Reducing carbon emissions in humanitarian supply chain: the role of decision making and coordination.
- Author
-
Fuli, Guo, Foropon, Cyril, and Xin, Ma
- Subjects
CARBON emissions ,SUPPLY chains ,CONTRACT negotiations ,WHOLESALE prices ,CARBON offsetting ,DECISION making ,DISCOUNT prices - Abstract
In this study, we investigate the role of decision-making and coordination related to carbon reduction within humanitarian supply chain. Accordingly, a two-stage supply chain consisting of a single manufacturer and a single retailer has been designed, within which three strategies for carbon emission reduction have been considered, namely direct procurement of carbon emission right, investment in fixed carbon reduction targets, and investment in reducing carbon emissions per unit product. The game model under decentralized decision-making, centralized decision-making, and coordinative status has been established. The influences of both consumer carbon sensitivity coefficient and carbon trading price on investment decision based on carbon emission reduction within supply chains, as well as the optimal decision of supply chain operations, are all discussed in this paper. Our study shows that the choice of supply chain carbon reduction strategies depends on carbon trading price and fixed emission reduction target, both the wholesale price and selling price of products are positively correlated with carbon trading price, and both optimal production volume of supply chain and optimal expected profit of supply chain operations are negatively correlated with consumer carbon sensitivity coefficient. The price discount contract may realize coordination within a supply chain, but the value of discount price depends on respective negotiation ability. [ABSTRACT FROM AUTHOR]
- Published
- 2022
- Full Text
- View/download PDF
31. Resource allocation and target setting: a CSW–DEA based approach.
- Author
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Soltanifar, Mehdi, Hosseinzadeh Lotfi, Farhad, Sharafi, Hamid, and Lozano, Sebastián
- Subjects
RESOURCE allocation ,DATA envelopment analysis ,STRATEGIC planning ,DECISION making - Abstract
Resource allocation and target setting is part of the strategic management process of an organization. In this paper, we address the important issue of "optimally" allocating additional resources to the different operating units. Three different managerial interpretations of this question are presented, differing on the assumptions on the expected output increases. In each case, using multiplier data envelopment analysis (DEA) models and common set of weights (CSW), a new procedure for resource allocation and target setting is proposed. The proposed approach is innovative in its use of CSW and multi objective optimization, both of which are consistent with the centralized decision making character of the problem. The validity and usefulness of the proposed CSW–DEA models is shown using different datasets. [ABSTRACT FROM AUTHOR]
- Published
- 2022
- Full Text
- View/download PDF
32. Extension of grey relational analysis for facilitating group consensus to oil spill emergency management.
- Author
-
Wu, Wenshuai and Peng, Yi
- Subjects
DECISION making ,COMMON good ,OIL spill management ,TOPSIS method ,COMPARATIVE studies - Abstract
Emergency management with oil spill is a very complex decision problem. This paper targets efforts to propose and develop a new technology: an extension of grey relational analysis for facilitating group consensus model to deal with this problem. In this model, firstly, two parts of the extension of grey relational analysis are presented and proposed. One is to simultaneously compute grey relational degree to positive reference sequence (PRS) and negative reference sequence (NRS), on the basis of the basic concept of a relative closeness degree of TOPSIS. The other is to determine index weights by a developed mathematical optimization model implemented by Matlab 2012a, which also matches the basic concept of the first part of the extension. Secondly, a group consensus facilitation method based on three-dimension leg-mark selected location method is proposed to aggregate individual preferences in order to address the problem of ranking inconsistency during the evaluation of multi-criteria decision making methods. What's more, the calculation steps and processes of n-dimension leg-mark selected location method for facilitating group consensus are given and explored. A simulation case study on oil spill emergency management demonstrates and verifies the feasibility and effectiveness of our proposed model by comparative analysis with the previous research papers. [ABSTRACT FROM AUTHOR]
- Published
- 2016
- Full Text
- View/download PDF
33. Hamiltonian cycle curves in the space of discounted occupational measures.
- Author
-
Filar, Jerzy A. and Moeini, Asghar
- Subjects
HAMILTONIAN graph theory ,CHEBYSHEV polynomials ,REGULAR graphs ,MARKOV processes ,DECISION making ,DISCOUNT prices - Abstract
We study the embedding of the Hamiltonian Cycle problem, on a symmetric graph, in a discounted Markov decision process. The embedding allows us to explore the space of occupational measures corresponding to that decision process. In this paper we consider a convex combination of a Hamiltonian cycle and its reverse. We show that this convex combination traces out an interesting "H-curve" in the space of occupational measures. Since such an H-curve always exists in Hamiltonian graphs, its properties may help in differentiating between graphs possessing Hamiltonian cycles and those that do not. Our analysis relies on the fact that the resolvent-like matrix induced by our convex combination can be expanded in terms of finitely many powers of probability transition matrices corresponding to that Hamiltonian cycle. We derive closed form formulae for the coefficients of these powers which are reduced to expressions involving the classical Chebyshev polynomials of the second kind. For regular graphs, we also define a function that is the inner product of points on the H-curve with a suitably defined center of the space of occupational measures and show that, despite the nonlinearity of the inner-product, this function can be expressed as a linear function of auxiliary variables associated with our embedding. These results can be seen as stepping stones towards developing constraints on the space of occupational measures that may help characterize non-Hamiltonian graphs. [ABSTRACT FROM AUTHOR]
- Published
- 2022
- Full Text
- View/download PDF
34. Planning and scheduling of selective harvest with management zones delineation.
- Author
-
Albornoz, Víctor M., Araneda, Lia C., and Ortega, Rodrigo
- Subjects
PRECISION farming ,SCHEDULING ,ZONING ,DECISION making ,PROBLEM solving - Abstract
This paper considers an integrated approach to two common problems in a precision agriculture framework: management zone delineation and selective harvest scheduling. Our model minimizes the total costs of harvest operations, establishing planning and scheduling for selective harvest of each selected management zone. Therefore, this tool provides important information for decision making of farmers in the field. Our integrated model is contrasted with the hierarchical approach commonly used in the literature for these cases, where the result of zoning problem is an input to schedule the harvest problem. Both problems were solved through a complete enumeration of all the potential management zones and demonstrated the advantages of our proposed model over the hierarchical approach. Our model reached an average reduction of 10% in harvest operations costs for different instances in a case study. [ABSTRACT FROM AUTHOR]
- Published
- 2022
- Full Text
- View/download PDF
35. Cooperation and decision making in a two-sided market motivated by the externality of a third-party social media platform.
- Author
-
Zhu, Xiaoxi, Yang, Changhui, Liu, Kai, Zhang, Rui, and Jiang, Qingquan
- Subjects
SOCIAL media ,DECISION making ,SHARING economy ,COOPERATION ,BARGAINING power ,THIRD-party logistics ,PRICES - Abstract
In recent years, with the rapid development of Internet technology, the integration of platform economy and e-commerce has become a popular business model. Two-sided platforms have a specific impact on sales, customer experience and transaction efficiency of both sides. In the current severe situation caused by the coronavirus pandemic, both the traditional unilateral market platform and the emerging two-sided market platform are in urgent need of a change in operation mode to reduce the marketing cost. Inspired by the cooperation between Meituan, a two-sided platform, and WeChat, a social media platform, this paper investigates the two-sided platform's scalable decisions on when to cooperate and how to optimize the pricing and investment decisions. We analyze how the two-sided platform makes decisions by considering the changes of network externalities from the cooperation with the social network platform. Compared with the scenario of non-cooperation, we derive the conditions under which platform cooperation can increase demands and increase platforms' profits, and analyze how cooperation affects the optimal pricing strategies. We find that the cooperation leads to a larger demand and a higher total profit, but might lead to higher registration prices for the platform users. Furthermore, we adopt the Nash bargaining framework and introduce platform bargaining power parameters to obtain the optimal cooperation and sharing strategy. Finally, we show how to adjust the investment strategy of the two-sided platform under platform cooperation. [ABSTRACT FROM AUTHOR]
- Published
- 2022
- Full Text
- View/download PDF
36. Decision-based scenario clustering for decision-making under uncertainty.
- Author
-
Hewitt, Mike, Ortmann, Janosch, and Rei, Walter
- Subjects
DECISION making ,ELECTRONIC data processing - Abstract
In order to make sense of future uncertainty, managers have long resorted to creating scenarios that are then used to evaluate how uncertainty affects decision-making. The large number of scenarios that are required to faithfully represent several sources of uncertainty leads to major computational challenges in using these scenarios in a decision-support context. Moreover, the complexity induced by the large number of scenarios can stop decision makers from reasoning about the interplay between the uncertainty modelled by the data and the decision-making processes (i.e., how uncertainty affects the decisions to be made). To meet this challenge, we propose a new approach to group scenarios based on the decisions associated to them. We introduce a graph structure on the scenarios based on the opportunity cost of predicting the wrong scenario by the decision maker. This allows us to apply graph clustering methods and to obtain groups of scenarios with mutually acceptable decisions (i.e., decisions that remain efficient for all scenarios within the group). In the present paper, we test our approach by applying it in the context of stochastic optimization. Specifically, we use it as a means to derive both lower and upper bounds for stochastic network design models and fleet planning problems under uncertainty. Our numerical results indicate that our approach is particularly effective to derive high-quality bounds when dealing with complex problems under time limitations. [ABSTRACT FROM AUTHOR]
- Published
- 2022
- Full Text
- View/download PDF
37. Optimal sales and operations planning for integrated steel industries.
- Author
-
Almeida, J. F. F., Conceição, S. V., Pinto, L. R., Oliveira, B. R. P., and Rodrigues, L. F.
- Subjects
STEEL industry ,STOCHASTIC programming ,SUPPLY chains ,STOCHASTIC models ,DECISION making - Abstract
This paper aims at inspiring a change in the traditional approach of sales and operations planning (S&OP) of integrated steel industries that have reached a maturity planning level allowing the use of sophisticated technologies. Therefore, we propose a two-stage stochastic programming model suitable for reproducing the rolling horizon framework of tactical planning. Simulations of one year of operations in an integrated steel industry showed a potential improvement of about 15% on overall supply chain profit in comparison with a plan produced traditionally. Besides, we evaluated two scenarios to analyze the effects of a flexible plan when facing a tax raise and a capacity reduction. As a practical implication, the model provides a consensus view of the S&OP stages at once, supporting top managers to make better decisions. The two-stage modeling approach also reinforces the need for interaction of the sales team with procurement, production, and distribution teams. [ABSTRACT FROM AUTHOR]
- Published
- 2022
- Full Text
- View/download PDF
38. A new dynamic multi-attribute decision making method based on Markov chain and linear assignment.
- Author
-
Hajiagha, Seyed Hossein Razavi, Heidary-Dahooie, Jalil, Meidutė-Kavaliauskienė, Ieva, and Govindan, Kannan
- Subjects
MARKOV processes ,DECISION making ,STATISTICAL correlation ,STANDARD deviations ,PRIVATE companies - Abstract
This paper presents a new Dynamic Multi-Attribute Decision-Making method based on Markovian property, which can predict the performance of each alternative in the future and at the same time allows modeling interrelationship among different periods. To this aim, the criteria and decision alternatives in different periods are determined at first, and the information of decision matrices over the decision-making horizon is gathered. To increase the robustness of the results, criteria weights are extracted using the Entropy method in each period and alternatives performance is evaluated using different Multi-Attribute Decision-Making methods. To attain the final rank of alternatives in each period, the results of different methods are aggregated by the Correlation coefficient and standard deviation method. Following this, the rank transformation matrices of alternatives during the evaluation horizon are extracted and the stable rank probability of alternatives is calculated based on limiting probability. Eventually, the overall rank of alternatives is determined using a linear assignment-based method. The proposed model has been used in the promotion of the sales staff in a private company to show the model effectiveness in a real-world problem. Results are compared with some well-known methods (five methods, to be exact). Finally, the trustworthiness and acceptability of the method are assessed based on features discussed in the literature. [ABSTRACT FROM AUTHOR]
- Published
- 2022
- Full Text
- View/download PDF
39. Multi-criteria decision analysis for emergency medical service assessment.
- Author
-
Kou, Gang and Wu, Wenshuai
- Subjects
EMERGENCY management ,MEDICAL care ,DECISION making ,RESOURCE allocation - Abstract
In emergency management, it is important to arrange the medical resources according to emergency needs. This paper proposes a multi-criteria decision analysis model that combines grey theory and multi-criteria decision making theory to assess the current medical resource situation, find satisfactory solutions, and help the emergency decision makers to take appropriate responses in a timely manner. In addition, the best alternative is identified by the global optimal solution which can provide a theoretical guidance for decision makers to optimize the allocation of medical resources. To validate the proposed model, this paper conducts a case study of medical service assessment in provinces of East China. The results demonstrate that the proposed model can provide objective and comprehensive assessment of medical resources. [ABSTRACT FROM AUTHOR]
- Published
- 2014
- Full Text
- View/download PDF
40. Evaluation and selection of third party logistics provider under sustainability perspectives: an interval valued fuzzy-rough approach.
- Author
-
Roy, Jagannath, Pamučar, Dragan, and Kar, Samarjit
- Subjects
SUPPLY chain management ,SOCIAL norms ,SUSTAINABILITY ,SOCIAL services ,DECISION making - Abstract
In today's world, industries are facing massive pressure to integrate sustainability issues for efficient and successful supply chain management (SCM). Hence, worldwide it has become critically important to make economic operational balance satisfying environment protection norms and social welfare perspectives. Consequently, the industries are investigating their SCM structures in association with a third party logistics (3PL) service provider adopting the triple bottom line framework for improving the overall supply chain performance. Therefore, selection of the right 3PL provider for the sustainable alliance is supremely important for broader perspective of greater business value. Thus, the main objective of this research work is the selection of most appropriate 3PL provider for a food manufacturing company (FMC) after systematic evaluation of six different feasible logistic providers serving over a decade in India. Selection of optimal alternative 3PL provider is very complex and challenging because of the qualitative description of service provider performances and the inherent uncertainty due to subjectivity. The concept of interval-valued fuzzy-rough number (IVFRN) offers perfect treatment of such uncertainty. In this paper, we develop a multi criteria decision making (MCDM) model combining the factor relationship (FARE) and multi-attributive border approximation area comparison (MABAC) models based on IVFRN. The proposed model is tested and validated on a case study where the optimal selection of 3PL providers is performed for an Indian FMC. Based on the results obtained in sensitivity analysis, it was shown that the proposed IVFRN based FARE-MABAC model produces stable/consistent solutions. Through the research presented in this paper, it is shown that the new hybrid MCDM method is a useful and reliable tool for rational decision-making. [ABSTRACT FROM AUTHOR]
- Published
- 2020
- Full Text
- View/download PDF
41. Joint maintenance and just-in-time spare parts provisioning policy for a multi-unit production system.
- Author
-
Salari, Nooshin and Makis, Viliam
- Subjects
SPARE parts ,MAINTENANCE equipment ,UNITS of time ,CONDITION-based maintenance ,DECISION making - Abstract
In this paper, two new joint maintenance and spare parts provisioning policies for a multi-unit production system are proposed. The production system consists of N identical, independent units, each subject to gradual deterioration. Production rates of the units depend on their operating states. Every maintenance action incurs a high set-up cost which includes the cost of sending a crew to the field, and it is therefore cost effective to maintain several units at the same time. The paper's main contribution is an analytical modeling of a multi-unit production system and the development of effective joint maintenance and spare parts ordering policies for such system. The states of the units are observable through regular inspections and the maintenance and spare part ordering decisions depend on the number of the failed units and the number of available spare parts. The process is formulated as a semi-Markov decision process with the optimality criterion being the minimization of the total long-run expected average cost per unit time. The objective is to determine the optimal levels of the number of failed units to place an order for the spare parts or to initiate group maintenance, and to find the optimal inspection interval. Numerical examples are provided to illustrate the proposed optimization model and to compare the two maintenance policies. Sensitivity analysis is conducted to analyze the effect of several cost components on the optimal levels and on the long run expected average cost rate. [ABSTRACT FROM AUTHOR]
- Published
- 2020
- Full Text
- View/download PDF
42. Computing a common preference vector in a complex multi-actor and multi-group decision system in Analytic Hierarchy Process context.
- Author
-
Amenta, Pietro, Ishizaka, Alessio, Lucadamo, Antonio, Marcarelli, Gabriella, and Vyas, Vijay
- Subjects
ANALYTIC hierarchy process ,BIVECTORS ,MULTIPLE criteria decision making ,ARITHMETIC mean ,DECISION making - Abstract
The Analytic Hierarchy Process (hereafter AHP) is a popular multi-criteria decision-making technique. The extant AHP literature usually depicts the geometric mean or the arithmetic mean as a measure of aggregation to process group decisions. However, both these measures are subject to the influence of extreme opinions, and aggregations based on them may not accurately portray the true group preference. In this paper, we propose the Common Priority Vector Procedure, which accentuates the majority group preference and diminishes the influence of extreme individual opinions. The method has been further extended to deal with multi-actor, multi-criteria and multi-group decisions. The development of Common Priority Vector Procedure, presented here, has been motivated by a real case study presented towards the end of the paper. [ABSTRACT FROM AUTHOR]
- Published
- 2020
- Full Text
- View/download PDF
43. Efficient interpretive ranking process incorporating implicit and transitive dominance relationships.
- Author
-
Sushil
- Subjects
STATISTICAL decision making ,SOCIAL dominance ,MULTIPLE criteria decision making ,DECISION making ,EMERGENCY management - Abstract
Interpretive ranking process (IRP) is a multi-criteria decision making method based on paired comparison in an interpretive manner. Due to paired comparisons, the number of interpretations to be made for n ranking variables are n (n - 1) / 2 to establish dominance with respect to each reference variable or criterion. IRP is a knowledge intensive method and thus a large number of comparisons poses a limitation on the number of rankling as well as reference variables to be considered in the design of the decision problem. This paper is intended to make the process of comparison more efficient so that this limitation on number of variables can be relaxed to handle comparatively large size problems as well. The number of interpretive comparisons can be drastically reduced by considering both implicit and transitive dominance relationships. It provides a critical review of IRP steps and suggests improvements to make it more efficient. It then illustrates the modified IRP method on a couple of already published examples (including an example on post-disaster management) and summarizes the reduction in interpretive comparisons that indirectly gives a measure of increase in its efficiency. [ABSTRACT FROM AUTHOR]
- Published
- 2019
- Full Text
- View/download PDF
44. A model for the optimal selection of lenders.
- Author
-
Rodríguez-Puerta, Inmaculada and Álvarez-López, Alberto A.
- Subjects
MONEYLENDERS ,FIXED interest rates ,PRIVATELY placed securities ,EXPECTED utility ,DECISION making - Abstract
A private placement is the sale of securities as a way of raising capital. Most private placements are offered to a small number of select investors, at a fixed rate that can be set by the issuer. The solicitation of investors can be simultaneous or sequential, and the chosen style may influence the associated cost. Sequential solicitation is generally more expensive over time since it is carried out gradually, although simultaneous solicitation can be more expensive if it involves a greater number of investors. In this paper, a theoretical model is developed that allows the two styles of solicitation to be compared. It is demonstrated that sequential solicitation generally involves a lower cost than simultaneous solicitation, although it does require a greater number of investors. Conditions are determined under which these two styles of solicitation are equivalent in cost and in the number of investors required. Specifically, it is obtained that, if the group of investors is homogeneous, then both styles of solicitation will have the same monetary cost and will require the same number of investors. [ABSTRACT FROM AUTHOR]
- Published
- 2022
- Full Text
- View/download PDF
45. Well-formed decompositions of generalized additive independence models.
- Author
-
Grabisch, Michel, Labreuche, Christophe, and Ridaoui, Mustapha
- Subjects
DECISION making ,ADDITIVES ,DEPENDENT variables - Abstract
Generalized additive independence (GAI) models permit to represent interacting variables in decision making. A fundamental problem is that the expression of a GAI model is not unique as it has several equivalent different decompositions involving multivariate terms. Considering for simplicity 2-additive GAI models (i.e., with multivariate terms of at most 2 variables), the paper examines the different questions (definition, monotonicity, interpretation, etc.) around the decomposition of a 2-additive GAI model and proposes as a basis the notion of well-formed decomposition. We show that the presence of a bi-variate term in a well-formed decomposition implies that the variables are dependent in a preferential sense. Restricting to the case of discrete variables, and based on a previous result showing the existence of a monotone decomposition, we give a practical procedure to obtain a monotone and well-formed decomposition and give an explicit expression of it in a particular case. [ABSTRACT FROM AUTHOR]
- Published
- 2022
- Full Text
- View/download PDF
46. An improved reliability model for FMEA using probabilistic linguistic term sets and TODIM method.
- Author
-
Huang, Jia, Liu, Hu-Chen, Duan, Chun-Yan, and Song, Ming-Shun
- Subjects
ACRONYMS ,FAILURE mode & effects analysis ,MULTIPLE criteria decision making ,DECISION making ,TOPSIS method ,SCIENTIFIC computing - Abstract
Failure mode and effects analysis (FMEA) is known to be a proactive reliability analysis model broadly utilized to recognize and evaluate potential failure modes in various industries. The normal risk priority number (RPN) method, however, has suffers from a lot of criticisms, such as requirement of precise risk estimation, lack of scientific basis in computing RPN, and neglecting the weights of risk factors. Therefore, this paper devises a new FMEA model to evaluate and prioritize the risk of failure modes by integrating probabilistic linguistic term sets and TODIM (an acronym in Portuguese for interactive multi-criteria decision making) method. The probabilistic linguistic term sets are utilized to handle the intrinsic ambiguity existed in the risk assessments of FMEA team members, whilst an extended TODIM method is employed for determining the priority ranking of the individuated failure modes. Further, based on the technique for order of preference by similarity to ideal solution (TOPSIS), an objective weighting method is presented to derive the relative weights of risk factors. Finally, two illustrative examples are implemented and comparisons with other existing methods are performed to demonstrate the rationality and superiority of our proposed FMEA model. [ABSTRACT FROM AUTHOR]
- Published
- 2022
- Full Text
- View/download PDF
47. Recent advances of uncertainty management in knowledge modelling and decision making.
- Author
-
Huynh, Van-Nam
- Subjects
HISTORY ,DECISION making - Abstract
A preface to the Journal " Annals of Operations Research" by Van-Nam Huynh is presented.
- Published
- 2017
- Full Text
- View/download PDF
48. Studying a set of properties of inconsistency indices for pairwise comparisons.
- Author
-
Brunelli, Matteo
- Subjects
INCONSISTENCY (Logic) ,PAIRED comparisons (Mathematics) ,DECISION making ,DEVIATION (Statistics) ,ERROR analysis in mathematics - Abstract
Pairwise comparisons between alternatives are a well-established tool to decompose decision problems into smaller and more easily tractable sub-problems. However, due to our limited rationality, the subjective preferences expressed by decision makers over pairs of alternatives can hardly ever be consistent. Therefore, several inconsistency indices have been proposed in the literature to quantify the extent of the deviation from complete consistency. Only recently, a set of properties has been proposed to define a family of functions representing inconsistency indices. The scope of this paper is twofold. Firstly, it expands the set of properties by adding and justifying a new one. Secondly, it continues the study of inconsistency indices to check whether or not they satisfy the above mentioned properties. Out of the four indices considered in this paper, in their present form, two fail to satisfy some properties. An adjusted version of one index is proposed so that it fulfills them. [ABSTRACT FROM AUTHOR]
- Published
- 2017
- Full Text
- View/download PDF
49. A hybrid approach for risk-informed decision-making in supply chain projects.
- Author
-
Zhang, Xu, Bai, Sijun, Qazi, Abroon, and Goh, Mark
- Subjects
- *
SUPPLY chains , *MONTE Carlo method , *BUDGET , *DECISION making , *SUPPLY chain management - Abstract
Supply Chain Projects (SCPs) are essential ways to boost supply chain resilience. Making sound Risk Response Decisions (RRDs) for SCPs matters for business growth. However, SCPs are mainly managed in Project Portfolios (PPs). Decision Interdependency (DI) between projects and dependent uncertain events hinder determining risk response budgets and project success degree. Existing studies cannot effectively resolve them. Thus, this paper proposes a novel three-stage method. First, Monte Carlo Simulation (MCS) is applied to calculate the occurrence probabilities of scenarios formed by dependent uncertain events. In the second stage, considering the DI, the Stackelberg game is utilized to find the optimal risk response budget under each scenario. The final budget is determined by the conception of stratification theory. Third, a fuzzy RRD optimization model is constructed to select strategies within budgets. Finally, an illustrative case is given to prove the feasibility of the proposed method. Its advantages and reliability are validated by sensitivity and comparison analyses, which show: (1) optimal budgets exist; (2) the performance of the proposed method is better than the methods ignoring DI and dependent uncertain events; (3) the dependency of uncertain events affects RRDs; (4) focusing on DI can provide win–win situations for SCPs. This paper offers theoretical and managerial insights on RRDs. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
50. Multiobjective dynamic programming in bipolar multistage method.
- Author
-
Trzaskalik, Tadeusz
- Subjects
DYNAMIC programming ,DECISION making ,COMMUNITY development ,RATING of students ,SUSTAINABLE development - Abstract
The multicriteria Bipolar method can be extended and used to control multicriteria, multistage decision processes. In this extension, at each stage of the given multistage process two sets of reference points are determined, constituting a reference system for the evaluation of stage alternatives. Multistage alternatives, which are compositions of stage alternatives, are assigned to one of six predefined hierarchical classes and then ranked. The aim of this paper is to show the possibility of finding the best multistage alternative, using Bellman's optimality principle and optimality equations. Of particular importance is a theorem on the non-dominance of the best multistage alternative, proven here. The methodology proposed allows to avoid reviewing each multistage alternative, which is important in large-size problems. The method is illustrated by a numerical example and a brief description of the sustainable regional development problem. The problem can be solved by means of the proposed procedure. [ABSTRACT FROM AUTHOR]
- Published
- 2022
- Full Text
- View/download PDF
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