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Article
Publication date: 22 December 2021

Gia Sirbiladze, Harish Garg, Irina Khutsishvili, Bezhan Ghvaberidze and Bidzina Midodashvili

The attributes that influence the selection of applicants and the relevant crediting decisions are naturally distinguished by interactions and interdependencies. A new method of…

Abstract

Purpose

The attributes that influence the selection of applicants and the relevant crediting decisions are naturally distinguished by interactions and interdependencies. A new method of possibilistic discrimination analysis (MPDA) was developed for the second stage to address this phenomenon. The method generates positive and negative discrimination measures for each alternative applicant in relation to a particular attribute. The obtained discrimination pair reflects the interaction of attributes and represents intuitionistic fuzzy numbers (IFNs). For the aggregation of applicant's discrimination intuitionistic fuzzy assessments (with respect to attributes), new intuitionistic aggregation operators, such as AsP-IFOWA and AsP-IFOWG, are defined and studied. The new operators are certain extensions of the well-known Choquet integral and Yager OWA operators. The extensions, in contrast to the Choquet aggregation, take into account all possible interactions of the attributes by introducing associated probabilities of a fuzzy measure.

Design/methodology/approach

For optimal planning of investments distribution and decreasing of credit risks, it is crucial to have selected projects ranked within deeply detailed investment model. To achieve this, a new approach developed in this article involves three stages. The first stage is to reduce a possibly large number of applicants for credit, and here, the method of expertons is used. At the second stage, a model of improved decisions is built, which reduces the risks of decision making. In this model, as it is in multi-attribute decision-making (MADM) + multi-objective decision-making (MODM), expert evaluations are presented in terms of utility, gain, and more. At the third stage, the authors construct the bi-criteria discrete intuitionistic fuzzy optimization problem for making the most profitable investment portfolio with new criterion: 1) Maximization of total ranking index of selected applicants' group and classical criterion and 2) Maximization of total profit of selected applicants' group.

Findings

The example gives the Pareto fronts obtained by both new operators, the Choquet integral and Yager OWA operators also well-known TOPSIS approach, for selecting applicants and awarding credits. For a fuzzy measure, the possibility measure defined on the expert evaluations of attributes is taken.

Originality/value

The comparative analysis identifies the applicants who will receive the funding sequentially based on crediting resources and their requirements. It has become apparent that the use of the new criterion has given more credibility to applicants in making optimal credit decisions in the environment of extended new operators, where the phenomenon of interaction of all attributes was also taken into account.

Article
Publication date: 2 November 2015

Yujia Liu, Jian Wu and Changyong Liang

The purpose of this paper is to propose novel attitudinal prioritization and correlated aggregating methods for multiple attribute group decision making (MAGDM) with triangular…

Abstract

Purpose

The purpose of this paper is to propose novel attitudinal prioritization and correlated aggregating methods for multiple attribute group decision making (MAGDM) with triangular intuitionistic fuzzy Choquet integral.

Design/methodology/approach

Based on the continuous ordered weighted average (COWA) operator, the triangular fuzzy COWA (TF-COWA) operator is defined, and then a novel attitudinal expected score function for triangular intuitionistic fuzzy numbers (TIFNs) is investigated. The novelty of this function is that it allows the prioritization of TIFNs by taking account of the expert’s attitudinal character. When the ranking order of TIFNs is determined, the triangular intuitionistic fuzzy correlated geometric (TIFCG) operator and the induced TIFCG (I-TIFCG) operator are developed.

Findings

Their use is twofold: first, the TIFCG operator is used to aggregate the correlative attribute value; and second, the I-TIFCG operator is designed to aggregate the preferences of experts with some degree of inter-dependent. Then, a TIFCG and I-TIFCG operators-based approach is presented for correlative MAGDM problems. Finally, the propose method is applied to select investment projects.

Originality/value

Based on the TIFCG and I-TIFCG operators, this paper proposes a novel correlated aggregating methods for MAGDM with triangular intuitionistic fuzzy Choquet integral. This method helps to solve the correlated attribute (criteria) relationship. Furthermore, by the attitudinal expected score functions of TIFNs, the propose method can reflect decision maker’s risk attitude in the final decision result.

Details

Kybernetes, vol. 44 no. 10
Type: Research Article
ISSN: 0368-492X

Keywords

Article
Publication date: 6 July 2021

Mustafa Agdas and Cevriye Gencer

This study proposes a dynamic performance evaluation model to support the material availability of the public institution under performance- based logistics (PBL) and to select…

Abstract

Purpose

This study proposes a dynamic performance evaluation model to support the material availability of the public institution under performance- based logistics (PBL) and to select the most appropriate service provider.

Design/methodology/approach

The model consists of four stages. In the first stage, a criteria set to evaluate alternatives is created. In the second stage, the DEA-MTFP index method is applied for performance evaluation of the alternatives by using crisp data. In the third stage, IFS theory is utilized for aggregating decision-maker judgments on alternatives, and in the last stage, the results of both methods are turned into single value, and it is selected as the most suitable alternative.

Findings

It is verified that the proposed approach can be implemented to the real-life dynamic multi-criteria decision-making (MCDM) problem that have crisp and fuzzy data under the PBL strategy.

Practical implications

This paper offers an integrated approach for performance analysis of service providers in a dynamic MCDM problem in which crisp and fuzzy data are used together. To illustrate applicability and validity of the proposed model, it is applied to a real-life problem.

Originality/value

This paper utilizes the DEA-MTFP index method and IFS theory in an integrated way.

Article
Publication date: 23 December 2021

Xiang Jia and Yingming Wang

The purpose of this paper is to develop a multi-criterion group decision-making (MCGDM) method by combining the regret theory and the Choquet integral under 2-tuple linguistic…

Abstract

Purpose

The purpose of this paper is to develop a multi-criterion group decision-making (MCGDM) method by combining the regret theory and the Choquet integral under 2-tuple linguistic environment and apply the proposed method to deal with the supplier selection problem.

Design/methodology/approach

When making a decision, the decision-maker is more willing to choose the alternative(s) which is preferred by the experts so as to avoid the regret. At the same time, the correlative relationships among the criterion set can be sufficiently described by the fuzzy measures, later the evaluations of a group of criteria can be aggregated by means of the Choquet integral. Hence, the authors cope with the MCGDM problems by combining the regret theory and the Choquet integral, where the fuzzy measures of criteria are partly known or completely unknown and the evaluations are expressed by 2-tuples. The vertical and the horizontal regret-rejoice functions are defined at first. Then, a model aiming to determine the missing fuzzy measures is constructed. Based on which, an MCGDM method is proposed. The proposed method is applied to tackle a practical decision-making problem to verify its feasibility and the effectiveness.

Findings

The vertical and the horizontal regret-rejoice functions are defined. The relationships of the fuzzy measures are expressed by the sets. A model is built for determining the fuzzy measures. Based on which, an MCGDM method is proposed. The results show that the proposed method can solve the MCGDM problems within the context of 2-tuple, where the decision-maker avoids the regret and the criteria are correlative.

Originality/value

The paper proposes an MCGDM method by combining the regret theory and the Choquet integral, which is suitable for dealing with a variety of decision-making problems.

Details

Kybernetes, vol. 52 no. 4
Type: Research Article
ISSN: 0368-492X

Keywords

Article
Publication date: 19 August 2022

Karthik Bajar, Aditya Kamat, Saket Shanker and Akhilesh Barve

In recent times, reverse logistics (RL) is gaining significant traction in various automobile industries to recapture returned vehicles’ value. A good RL program can lower…

Abstract

Purpose

In recent times, reverse logistics (RL) is gaining significant traction in various automobile industries to recapture returned vehicles’ value. A good RL program can lower manufacturing costs, establish a green supply chain, enhance customer satisfaction and provide a competitive advantage. However, reducing disruptions and increasing operational efficiency in the automobile RL requires implementing innovative technology to improve information flow and security. Thus, this manuscript aims to examine the hurdles in automobile RL activities and how they can be effectively tackled by blockchain technology (BCT). Merging BCT and RL provides the entire automobile industry a chance to generate value for its consumers through effective vehicle return policies, manufacturing cost reduction, maintenance records tracking, administration of vehicle information and a clear payment record of insurance contracts.

Design/methodology/approach

This research is presented in three stages to accomplish the task. First, previous literature and experts' opinions are examined to highlight certain factors that are an aggravation to BCT implementation. Next, this study proposed an interval-valued intuitionistic fuzzy set (IVIFS) – decision-making trial and evaluation laboratory (DEMATEL) with Choquet integral framework for computing and analyzing the comparative results of factor interrelationships. Finally, the causal outline diagrams are plotted to determine the influence of factors on one another for BCT implementation in automobile RL.

Findings

This study has categorized the barriers to BCT implementation into five major factors – operational and strategical, technical, knowledge and behavioral, financial and infrastructural, and government rules and regulations. The results revealed that disreputable technology, low-bearing capacity of IT systems and operational inefficiency are the most significant factors to be dealt with by automobile industry professionals for finer and enhanced RL processes utilizing BCT. The most noticeable advantage of BCT is its enormous amount of data, permitting automobile RL to develop client experience through real-time data insights.

Practical implications

This study reveals several factors that are hindering the implementation of BCT in RL activities of the automobile industry. The results can assist experts and policymakers improve their existing decision-making systems while making an effort to implement BCT into the automobile industry's RL activities.

Originality/value

Although there are several studies on the benefits of BCT in RL and the adoption of BCT in the automobile industry, individually, none have explicated the use of BCT in automobile RL. This is also the first kind of study that has used IVIFS-DEMATEL with the Choquet integral framework for computing and analyzing the comparative results of factor interrelationships hindering BCT implementation in automobile RL activities.

Details

Smart and Sustainable Built Environment, vol. 13 no. 1
Type: Research Article
ISSN: 2046-6099

Keywords

Article
Publication date: 29 July 2014

Ozkan Bali and Serkan Gumus

In the literature, many multi attributes decision making (MADM) models allow evaluation of the alternatives considering their current or last performance. However, in some MADM…

Abstract

Purpose

In the literature, many multi attributes decision making (MADM) models allow evaluation of the alternatives considering their current or last performance. However, in some MADM problems, not only current performance of alternatives but also their past performance should be taken into account in order to select the most appropriate alternative. For this reason, the purpose of this paper is to develop four procedures to evaluate the alternatives in MADM problems with multi terms.

Design/methodology/approach

This study uses dynamic operators to aggregate the evaluation in different terms and then, grey relational analysis (GRA) and technique for order preference by similarity to ideal solution (TOPSIS) methods are utilized to determine the most appropriate alternative. Thus, four procedures which consist of these operators and methods are developed to evaluate the alternatives in multi terms.

Findings

Some numerical examples are presented for the proposed procedures in multi-terms. Moreover, these four procedures are compared with other four procedures. The analyses of the results show that dynamic aggregation operators based on intuitionistic fuzzy set (IFS) and interval valued intuitionistic fuzzy sets (IVIFS) with GRA and TOPSIS can be used jointly for MADM problems in which alternatives are evaluated for different terms.

Originality/value

One of the significant mistakes faced in some MADM problems is to take into account the current performance of alternatives or is to ignore their past performance. The right selection depends on past and current performance of the alternatives. The novelty of this study is to propose four procedures for solving MADM problems in multi terms based on IFS and IVIFS using dynamic aggregation operators and GRA and TOPSIS methods.

Details

Grey Systems: Theory and Application, vol. 4 no. 2
Type: Research Article
ISSN: 2043-9377

Keywords

Article
Publication date: 27 January 2012

Peng Li

The purpose of the paper is to propose a new decision‐making method using grey systems theory with the attribute values of corresponding alternatives in the form of intuitionistic

581

Abstract

Purpose

The purpose of the paper is to propose a new decision‐making method using grey systems theory with the attribute values of corresponding alternatives in the form of intuitionistic fuzzy numbers.

Design/methodology/approach

The uncertain degrees of different indices are determined by using the grey incidence analysis. Then, the mass functions of different alternatives in different indices are obtained by using the score function of intuitionistic fuzzy sets and the uncertain degrees of different indices. Information can be fused in accordance with the D‐S combination rule and the best alternative is calculated accordingly. Finally, a numerical example is utilized to illustrate that a satisfied solution can be obtained and the uncertainty can be decreased.

Findings

The results are convincing: the new decision‐making method, by combining the D‐S theory of evidence, can well deal with decision‐making problems with the attribute values of corresponding alternatives in the form of intuitionistic fuzzy sets. From the numerical example, it is seen that the uncertainty can be decreased by using the new method.

Practical implications

The method exposed in the paper can be used to help the decision maker make a fast and accurate decision when facing decision problems with the attribute values of corresponding alternatives in the form of intuitionistic fuzzy sets.

Originality/value

The paper succeeds in proposing a decision‐making method by using the D‐S theory of evidence and one of the newest developed theories: grey systems theory.

Details

Grey Systems: Theory and Application, vol. 2 no. 1
Type: Research Article
ISSN: 2043-9377

Keywords

Article
Publication date: 8 July 2021

Yvonne Badulescu, Ari-Pekka Hameri and Naoufel Cheikhrouhou

Collaborative networked organisations (CNO) are a means of ensuring longevity and business continuity in the face of a global crisis such as COVID-19. This paper aims to present a…

Abstract

Purpose

Collaborative networked organisations (CNO) are a means of ensuring longevity and business continuity in the face of a global crisis such as COVID-19. This paper aims to present a multi-criteria decision-making method for sustainable partner selection based on the three sustainability pillars and risk.

Design/methodology/approach

A combined analytic hierarchy process (AHP) and fuzzy AHP (F-AHP) with Technique for Order of Preference by Similarity to Ideal Solution approach is the methodology used to evaluate and rank potential partners based on known conditions and predicted conditions at a future time based on uncertainty to support sustainable partner selection.

Findings

It is integral to include risk criteria as an addition to the three sustainability pillars: economic, environmental and social, to build a robust and sustainable CNO. One must combine the AHP and F-AHP weightings to ensure the most appropriate sustainable partner selection for the current as well as predicted future period.

Research limitations/implications

The approach proposed in this paper is intended to support existing CNO, as well as individual firms wanting to create a CNO, to build a more robust and sustainable partner selection process in the context of a force majeure such as COVID-19.

Originality/value

This paper presents a novel approach to the partner selection process for a sustainable CNO under current known conditions and future uncertain conditions, highlighting the risk of a force majeure occurring such as COVID-19.

Details

Journal of Global Operations and Strategic Sourcing, vol. 15 no. 2
Type: Research Article
ISSN: 2398-5364

Keywords

Article
Publication date: 9 July 2018

Irem Otay, Embiye Senturk and Ferhan Çebi

The purpose of this paper is to propose a new integrated method for evaluating inventory of slow-moving items by introducing the application of fuzzy AHP method with interval…

Abstract

Purpose

The purpose of this paper is to propose a new integrated method for evaluating inventory of slow-moving items by introducing the application of fuzzy AHP method with interval Type-2 fuzzy sets (IT2FSs) and ABC analysis.

Design/methodology/approach

In the study, fuzzy analytic hierarchy process (AHP) method with IT2FSs is employed to set the importance of criteria. The weights obtained from IT2 fuzzy AHP are used to classify slow-moving items in ABC analysis. In the application part, a real-life case study is presented.

Findings

The result of this study indicates that an integrated approach utilizing IT2 fuzzy AHP and ABC analysis can be used as a supportive tool for classification of slow-moving items. The problem is solved under fuzzy environment to handle uncertainties and lack of information about slow-moving items.

Practical implications

Actual data are provided from an automotive company for prioritizing a various criteria to evaluate and classify stocks and a hypothetical model integrated with IT2 fuzzy AHP and ABC analysis is demonstrated.

Originality/value

Apart from inventory classification literature, the study integrates fuzzy AHP method by employing interval IT2FSs and ABC analysis to solve the real-life inventory classification problem.

Details

Journal of Enterprise Information Management, vol. 31 no. 4
Type: Research Article
ISSN: 1741-0398

Keywords

Article
Publication date: 21 December 2020

Aalok Kumar and Ramesh Anbanandam

Freight transportation practices accounted for a significant share of environmental degradation and climate change over the years. Therefore, environmentally responsible transport…

Abstract

Purpose

Freight transportation practices accounted for a significant share of environmental degradation and climate change over the years. Therefore, environmentally responsible transport practices (ERTPs) become a serious concern of freight shippers and transport service providers. Past studies generally ignored the assessment of ERTPs of freight transport companies during a transport service contract. To bridge the above literature gap, this paper proposed a hierarchical framework for evaluating freight transport companies based on ERTPs.

Design/methodology/approach

In a data-driven decision-making environment, transport firm selection is affected by multiple expert inputs, lack of information availability, decision-making ambiguity and background of experts. The evaluation of such decisions requires a multi-criteria decision-making method under a group decision-making approach. This paper used a data-driven method based on the intuitionistic fuzzy-set-based analytic hierarchy process (IF-AHP) and VIseKriterijumska Kompromisno Rangiranje (IF-VIKOR) method. The applicability of the proposed framework is validated with the Indian freight transport industry.

Findings

The result analysis shows that environmental knowledge sharing among freight transport actors, quality of organizations human resource, collaborative green awareness training programs, promoting environmental awareness program for employees and compliance of government transport emission law and practice have been ranked top five ERTPs which significantly contribute to the environmental sustainability of freight transport industry. The proposed framework also ranked freight transport companies based on ERTPs.

Research limitations/implications

This research is expected to provide a reference to develop ERTPs in the emerging economies freight transport industry and contribute to the development of a sustainable freight transport system.

Originality/value

This study assesses the environmental responsibility of the freight transportation industry. The emerging economies logistics planners can use proposed framework for assessing the performance of freight transportation companies based on ERTPs.

Details

Journal of Enterprise Information Management, vol. 34 no. 1
Type: Research Article
ISSN: 1741-0398

Keywords

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