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Article
Publication date: 15 March 2013

Shi‐Woei Lin

The purpose of this paper is to investigate the range sensitivity of the analytic hierarchy process (AHP) and evaluate the effectiveness of using a bottom‐up approach to mitigate…

Abstract

Purpose

The purpose of this paper is to investigate the range sensitivity of the analytic hierarchy process (AHP) and evaluate the effectiveness of using a bottom‐up approach to mitigate the possible range insensitivity bias in the AHP.

Design/methodology/approach

An experiment was conducted to test the normative range‐sensitivity of four different methods: the AHP with bottom‐up evaluation; direct ratio weights; swing weights; and trade‐off weights. Also, the significance of the range‐sensitivity effects and the differences among weighting approaches were rigorously tested using various statistical models.

Findings

Results show that the range sensitivities of AHP and direct ratio weights are significantly less than the range sensitivities of swing weights and tradeoff weights, suggesting that the bottom‐up evaluation approach might not be a feasible solution for the range‐insensitivity problem. This finding is consistent with the value‐comparison hypothesis proposed in an earlier study, and is partially supported by the theory of the multi‐dimensionality of attribute importance.

Research limitations/implications

It is concluded that treating the attribute weights and performance scoring scales separately in the AHP or other multi‐attribute decision analysis models might lead to an arbitrary final ranking of alternatives. Therefore, it may be necessary to incorporate better elicitation procedures into the AHP models to ensure that attribute weights properly reflect the range or scale of measurement.

Originality/value

This study provides new evidence and issues words of warning of the range‐sensitivity effects in the multi‐attribute decision analysis.

Details

Journal of Modelling in Management, vol. 8 no. 1
Type: Research Article
ISSN: 1746-5664

Keywords

Article
Publication date: 14 September 2010

Stelios Grafakos, Alexandros Flamos, Vlasis Oikonomou and Dimitrios Zevgolis

Evaluation of energy and climate policy interactions is a complex issue, whereas stakeholders' preferences incorporation has not been addressed systematically. The purpose of this…

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Abstract

Purpose

Evaluation of energy and climate policy interactions is a complex issue, whereas stakeholders' preferences incorporation has not been addressed systematically. The purpose of this paper is to present an integrated weighting methodology that has been developed in order to incorporate weighting preferences into an ex ante evaluation of climate and energy policy interactions.

Design/methodology/approach

A multi‐criteria analysis (MCA) weighting methodology which combines pair‐wise comparisons and ratio importance weighting methods has been elaborated. It initially introduces the users to the evaluation process through a warming up holistic approach for an initial rank of the criteria and then facilitates them to express their ratio relative importance in pair‐wise comparisons of criteria by providing them an interactive mean with verbal, numerical and visual representation of their preferences. Moreover, it provides a ranking consistency test where users can see the degree of (in)consistency of their preferences.

Findings

Stakeholders and experts in the energy policy field who tested the methodology stated their approval and satisfaction for the combination of both ranking and pair‐wise comparison techniques, since it allows the gradual approach to the evaluation problem. In addition, main difficulties in MCA weights elicitation processes were overcome.

Research limitations/implications

The methodology is tested by a small sample of stakeholders, whereas a larger sample, a broader range of stakeholders and applications on different climate policy evaluation cases merit further research.

Originality/value

The novel aspect of the developed methodology consists of the combination of ranking and pair‐wise comparison techniques for the elicitation of stakeholders' preferences.

Details

International Journal of Energy Sector Management, vol. 4 no. 3
Type: Research Article
ISSN: 1750-6220

Keywords

Abstract

Details

Sustainability Assessment
Type: Book
ISBN: 978-1-78743-481-3

Article
Publication date: 5 March 2018

Steffen Metzner

For the purpose of decision-making in real estate portfolio management, alternatives are to be collected, assessed and prioritized. Due to the complexity of real estate markets…

Abstract

Purpose

For the purpose of decision-making in real estate portfolio management, alternatives are to be collected, assessed and prioritized. Due to the complexity of real estate markets, investment products and management processes, the respective decision situations are subject to several parameters. Multi-criteria models must be used to exactly evaluate and prioritize alternatives. Such models can be found in other economic and social areas but must be transferred or re-developed for the purposes of real estate management. The paper aims to discuss these issues.

Design/methodology/approach

The paper includes the transfer of the basic outranking methodology, the PROMETHEE (Preference Ranking Organization METHod für Enrichment Evaluations) method in particular, to real estate issues. Methods used outside the real estate industry are analyzed, selected and adapted by using real estate parameters (transfer approach).

Findings

Structured multi-criteria processes such as PROMETHEE are suitable for the solution of complex real estate selection decisions. The methodology with regard to the respective issues is much more consistent and efficient. PROMETHEE avoids the restriction of criteria in mathematical calculations and the restriction of quality in simple scorings.

Research limitations/implications

The target system and decision criteria of investors were used exemplarily. The individual parameters and criteria can lead to new model solutions.

Practical implications

Multi-criteria models such as PROMETHEE stringently and transparently solve complex decision problems and alternative evaluations in real estate portfolio management. They can be developed for strategic, tactical and operative decision situations. The decision quality and verification for compliance requirements improve.

Social implications

Multi-criteria models such as PROMETHEE can also be developed for social, societal and political decision situations.

Originality/value

First adaption of the outranking procedure PROMETHEE to a real estate decision situation in market analysis and portfolio management.

Details

Journal of Property Investment & Finance, vol. 36 no. 2
Type: Research Article
ISSN: 1463-578X

Keywords

Article
Publication date: 1 December 2020

Ahmed Yousry Akal and Amr Metwally El-Kholy

This work affords a practical checklist that specifies the civil engineering trades-related hazards and offers a safety indicator to identify the safety level of a construction…

Abstract

Purpose

This work affords a practical checklist that specifies the civil engineering trades-related hazards and offers a safety indicator to identify the safety level of a construction project concerning the hazards of the civil engineering trades.

Design/methodology/approach

The methodology depends on reviewing the archival works, visiting the construction sites, utilizing the direct observation and preliminary hazard analysis methods and conducting semistructured interviews to pinpoint and validate the checklist of the civil engineering trades-related hazards. Additionally, a questionnaire-based survey with the rank sum weight technique has been employed to assemble and analyze the data required to build the safety indicator.

Findings

Relying upon the used methodology, 70 hazards under the trades of general environment, earth, demolition, excavation, concrete, dewatering, waterproofing insulation and scaffolding have been pinpointed and validated. This is in addition to the safety level indicator of the civil engineering trades-related hazards (SLICETH), which indicates high viability during its validation in five national and international projects.

Originality/value

The value of this work lies in its ability to tackle the gap existing in the safety management knowledge regarding the notion of the hazards of the civil engineering trades and their influences on the safety performance of the construction projects. As a result, it offers a complete knowledge to the academics and the practitioners for confronting the negative impacts of the civil engineering trades-related hazards. Consequently, it helps in enhancing the safety performance level in the sites of the construction projects.

Details

Journal of Advances in Management Research, vol. 18 no. 3
Type: Research Article
ISSN: 0972-7981

Keywords

Content available
Book part
Publication date: 10 October 2017

Cesar A. Poveda

Abstract

Details

Sustainability Assessment
Type: Book
ISBN: 978-1-78743-481-3

Article
Publication date: 25 May 2012

Thadsin Khamkanya, George Heaney and Stanley McGreal

Workplace environments and user satisfaction assessment have been recognised as a key research area for improving knowledge‐intense organisation performance through…

1886

Abstract

Purpose

Workplace environments and user satisfaction assessment have been recognised as a key research area for improving knowledge‐intense organisation performance through satisfaction‐based productivity. Previous research which focused on satisfaction levels of office users sometimes neglected the fact that not all office users perceived the importance of workplace environment factors (facilities services, design and layout, work and social interactions and distraction control) in a similar way. This suggests a gap in the knowledge base. The purpose of this paper is to introduce a systematic assessment of workplace‐user satisfaction.

Design/methodology/approach

Criteria decision analysis tools were reviewed and the use of analytic hierarchy process (AHP) was justified as an appropriate method. A survey undertaken in offices across the UK, focused on levels of satisfaction and perceived productivity, in order to construct an AHP Satisfaction Index for comparing with the average score approach.

Findings

At the individual level, the AHP Satisfaction Index weighting workplace environment criteria yield a better explanation of workplace‐user satisfaction compared with the average score approach. At the global level, the AHP Satisfaction Index does not impact on the overall statistical behaviour when compared with the original score.

Originality/value

The AHP Satisfaction Index can be used as an alternative way to measure workplace‐user satisfaction levels in the office. This approach provides more comprehensive information when researchers and practitioners are interested in the impacts of workplace environment criteria.

Details

Journal of Corporate Real Estate, vol. 14 no. 2
Type: Research Article
ISSN: 1463-001X

Keywords

Article
Publication date: 29 November 2023

Na Zhang, Haiyan Wang and Zaiwu Gong

Grey target decision-making serves as a pivotal analytical tool for addressing dynamic multi-attribute group decision-making amidst uncertain information. However, the setting of…

Abstract

Purpose

Grey target decision-making serves as a pivotal analytical tool for addressing dynamic multi-attribute group decision-making amidst uncertain information. However, the setting of bull's eye is frequently subjective, and each stage is considered independent of the others. Interference effects between each stage can easily influence one another. To address these challenges effectively, this paper employs quantum probability theory to construct quantum-like Bayesian networks, addressing interference effects in dynamic multi-attribute group decision-making.

Design/methodology/approach

Firstly, the bull's eye matrix of the scheme stage is derived based on the principle of group negotiation and maximum satisfaction deviation. Secondly, a nonlinear programming model for stage weight is constructed by using an improved Orness measure constraint to determine the stage weight. Finally, the quantum-like Bayesian network is constructed to explore the interference effect between stages. In this process, the decision of each stage is regarded as a wave function which occurs synchronously, with mutual interference impacting the aggregate result. Finally, the effectiveness and rationality of the model are verified through a public health emergency.

Findings

The research shows that there are interference effects between each stage. Both the dynamic grey target group decision model and the dynamic multi-attribute group decision model based on quantum-like Bayesian network proposed in this paper are scientific and effective. They enhance the flexibility and stability of actual decision-making and provide significant practical value.

Originality/value

To address issues like stage interference effects, subjective bull's eye settings and the absence of participative behavior in decision-making groups, this paper develops a grey target decision model grounded in group negotiation and maximum satisfaction deviation. Furthermore, by integrating the quantum-like Bayesian network model, this paper offers a novel perspective for addressing information fusion and subjective cognitive biases during decision-making.

Details

Grey Systems: Theory and Application, vol. 14 no. 1
Type: Research Article
ISSN: 2043-9377

Keywords

Book part
Publication date: 20 August 2018

Ronald Klimberg and Samuel Ratick

During the past several decades, the decision-making process and the decision-makers’ role in it have changed dramatically. Because of this, the use of analytical tools, such as…

Abstract

During the past several decades, the decision-making process and the decision-makers’ role in it have changed dramatically. Because of this, the use of analytical tools, such as Excel, have become an essential component of most organizations. The analytical tools in Excel can provide today’s decision-maker with a competitive advantage. We will illustrate several powerful Excel tools that facilitate the decision support process.

Details

Applications of Management Science
Type: Book
ISBN: 978-1-78756-651-4

Keywords

Article
Publication date: 13 November 2009

Song Xiao, Zhang Lin, Gong Guang‐hong, Di Yan‐Qiang and Yu Peng‐fei

The purpose of this paper is to introduce a new method of ontology‐based digital product data exchange. The digital product data are enriched with virtual prototype (VP) model…

Abstract

Purpose

The purpose of this paper is to introduce a new method of ontology‐based digital product data exchange. The digital product data are enriched with virtual prototype (VP) model information and the designed exchange process is discussed. Additionally, an algorithm enabling the ontology‐based data exchange method among missile guide systems is proposed and analyzed.

Design/methodology/approach

Semantic sevice‐oriented architecture (SSOA) is an innovative integration architecture for digital product information integration and process integration. In digital product ontology layer of SSOA, a new method of ontology‐based product data exchange is proposed. Compared with traditional information exchange, the method adds the VP's information to general digital products' information. The VP's information is described by building VP static structure ontology and dynamic behavior ontology. The exchange process of the novel method is discussed in detail. Finally, an example illustrating the data exchange among missile guide systems is given and the merits of the proposed method is analyzed.

Findings

Simulation information, especially VP information, is not always well defined and taken into account by product data exchange systems such as product data management or product lifecycle management. A formal description of VP information is often required in efficient and effective product data exchange. The goal is to define VP structure and behavior ontologies to enable ontology‐based digital product data exchange.

Originality/value

Using VP information including structure information and behavior information, the paper provides a new method of digital product data exchange.

Details

COMPEL - The international journal for computation and mathematics in electrical and electronic engineering, vol. 28 no. 6
Type: Research Article
ISSN: 0332-1649

Keywords

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