Search results

1 – 10 of over 5000
Article
Publication date: 16 February 2024

Qing Wang, Xiaoli Zhang, Jiafu Su and Na Zhang

Platform-based enterprises, as micro-entities in the platform economy, have the potential to effectively promote the low-carbon development of both supply and demand sides in the…

Abstract

Purpose

Platform-based enterprises, as micro-entities in the platform economy, have the potential to effectively promote the low-carbon development of both supply and demand sides in the supply chain. Therefore, this paper aims to provide a multi-criteria decision-making method in a probabilistic hesitant fuzzy environment to assist platform-type companies in selecting cooperative suppliers for carbon reduction in green supply chains.

Design/methodology/approach

This paper combines the advantages of probabilistic hesitant fuzzy sets (PHFS) to address uncertainty issues and proposes an improved multi-criteria decision-making method called PHFS-DNMEREC-MABAC for aiding platform-based enterprises in selecting carbon emission reduction collaboration suppliers in green supply chains. Within this decision-making method, we enhance the standardization process of both the DNMEREC and MABAC methods by directly standardizing probabilistic hesitant fuzzy elements. Additionally, a probability splitting algorithm is introduced to handle probabilistic hesitant fuzzy elements of varying lengths, mitigating information bias that traditional approaches tend to introduce when adding values based on risk preferences.

Findings

In this paper, we apply the proposed method to a case study involving the selection of carbon emission reduction collaboration suppliers for Tmall Mart and compare it with the latest existing decision-making methods. The results demonstrate the applicability of the proposed method and the effectiveness of the introduced probability splitting algorithm in avoiding information bias.

Originality/value

Firstly, this paper proposes a new multi-criteria decision making method for aiding platform-based enterprises in selecting carbon emission reduction collaboration suppliers in green supply chains. Secondly, in this method, we provided a new standard method to process probability hesitant fuzzy decision making information. Finally, the probability splitting algorithm was introduced to avoid information bias in the process of dealing with inconsistent lengths of probabilistic hesitant fuzzy elements.

Details

Asia Pacific Journal of Marketing and Logistics, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1355-5855

Keywords

Article
Publication date: 2 October 2007

C.A.V. Cavalcante and A.T. de Almeida

The purpose of this paper is to develop a model that permits more rational planning for preventive maintenance, by controlling failures in the specific context of equipment…

1900

Abstract

Purpose

The purpose of this paper is to develop a model that permits more rational planning for preventive maintenance, by controlling failures in the specific context of equipment breakdown. Thus not only the cost and reliability parameters are dealt with, but also the peculiarities of different contexts in which maintenance activities occur. Furthermore, it aims to include Bayesian methodology in the procedure to overcome main difficulties in failure data.

Design/methodology/approach

A multi‐criteria decision‐aiding model capable of overcoming the two main difficulties related to preventive maintenance: establishing a replacement periodicity based on more than one criterion, and the ability to provide a solution in uncertainties situations, has been developed from adaptation of classical models. This model also uses Bayesian elements to address uncertainties during equipment failures.

Findings

The paper finds that in a preventive maintenance planning, as a multi‐criteria decision problem, different types of uncertainties may be identified, which may be categorized as external uncertainties and internal uncertainties. In the proposed model a division of procedures has been established, dealing with external uncertainties first, then the internal uncertainties related to the structure of the problem and analysis of the decision are addressed using the multi‐criteria decision‐making method PROMETHEE III that allows the amplification of the notion of indifference. In this way, a suitable structure to connect two types of uncertainties was structured.

Practical implications

The model will assist the decision‐maker in preventive maintenance planning to take uncertainties into account, seeing the alternatives that are closest, through an amplification of the notion of indifference provided by PROMETHEE III. Furthermore, in practice the proposed model have an impact on maintenance cost and reliability of production plant.

Originality/value

This paper proposes a multi‐criteria decision‐aiding model capable of overcoming the two main difficulties related to preventive maintenance: establishing a replacement periodicity based on more than one criterion; and the ability to provide a solution even when failure data are unavailable or incomplete.

Details

Journal of Quality in Maintenance Engineering, vol. 13 no. 4
Type: Research Article
ISSN: 1355-2511

Keywords

Article
Publication date: 8 August 2022

Ahmet Aytekin, Ömer Faruk Görçün, Fatih Ecer, Dragan Pamucar and Çağlar Karamaşa

Pharmaceutical supply chains (PSCs) need a well-operating and faultless logistics system to successfully store and distribute their medicines. Hospitals, health institutes, and…

Abstract

Purpose

Pharmaceutical supply chains (PSCs) need a well-operating and faultless logistics system to successfully store and distribute their medicines. Hospitals, health institutes, and pharmacies must maintain extra stock to respond requirements of the patients. Nevertheless, there is an inverse correlation between the level of medicine stock and logistics service level. The high stock level held by health institutions indicates that we have not sufficiently excellent logistics systems presently. As such, selecting appropriate logistics service providers (drug distributors) is crucial and strategic for PSCs. However, this is difficult for decision-makers, as highly complex situations and conflicting criteria influence such evaluation processes. So, a robust, applicable, and strong methodological frame is required to solve these decision-making problems.

Design/methodology/approach

To achieve this challenging issue, the authors develop and apply an integrated entropy-WASPAS methodology with Fermatean fuzzy sets for the first time in the literature. The evaluation process takes place in two stages, as in traditional multi-criteria problems. In the first stage, the importance levels of the criteria are determined by the FF-entropy method. Afterwards, the FF-WASPAS approach ranks the alternatives.

Findings

The feasibility of the proposed model is also supported by a case study where six companies are evaluated comprehensively regarding ten criteria. Herewith, total warehouse capacity, number of refrigerated vehicles, and personnel are the top three criteria that significantly influence the evaluation of pharmaceutical distribution and warehousing companies. Further, a comprehensive sensitivity analysis proves the robustness and effectiveness of the proposed approach.

Practical implications

The proposed multi-attribute decision model quantitatively aids managers in selecting logistics service providers considering imprecisions in the multi-criteria decision-making process.

Originality/value

A new model has been developed to present a sound mathematical model for selecting logistics service providers consisting of Fermatean fuzzy entropy and WASPAS methods. The paper's main contribution is presenting a comprehensive and more robust model for the ex ante evaluation and ranking of providers.

Article
Publication date: 1 March 2002

Serafim Pricovic

A multi‐criteria model is developed for analyzing the land‐use strategies for reducing the future social and economic costs in an area with potential natural hazard. A…

1006

Abstract

A multi‐criteria model is developed for analyzing the land‐use strategies for reducing the future social and economic costs in an area with potential natural hazard. A multi‐criteria decision‐making procedure consists of generating alternatives, establishing criteria, assessment of criteria weights and application of the compromise ranking method (VIKOR). The alternatives are the scenarios of sustainable hazard effects mitigation, generated in the form of comprehensive land‐use plans. The alternative plans should consider the redevelopment of urban areas and infrastructures, multi‐purpose land use, including restrictions on building in hazardous areas. The evaluation of alternatives is implicated with imprecision (or uncertainty) of established criteria, and the fuzzy multi‐criteria model is developed to deal with “qualitative” (unquantifiable or linguistic) or incomplete information. The planning goal is to compromise competitive land uses through choice of the best (compromise) combination of uses. An application of this model is illustrated with the post‐earthquake regional planning problem in central Taiwan.

Details

Environmental Management and Health, vol. 13 no. 1
Type: Research Article
ISSN: 0956-6163

Keywords

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: 2 August 2022

Ahmet Aytekin, Ömer Faruk Görçün, Fatih Ecer, Dragan Pamucar and Çağlar Karamaşa

The present study aims to provide a practical and robust assessment technique for assessing countries' investability in global supply chains to practitioners. Thus, the proposed…

Abstract

Purpose

The present study aims to provide a practical and robust assessment technique for assessing countries' investability in global supply chains to practitioners. Thus, the proposed approach can help decision-makers evaluate and select appropriate countries in the expansion process of the global supply chains and reduce risks concerning country (market) selection.

Design/methodology/approach

The present study proposes a novel decision-making approach, namely the REF-Sort technique. The proposed approach has many valuable contributions to the literature. First, it has an efficient basic algorithm and can be applied to solve highly complicated decision-making problems without requiring advanced mathematical knowledge. Besides, some characteristics differentiate REF-Sort apart from other techniques. REF-Sort employs the value or value range that reflects the most typical characteristic of the relevant class in assignment processes. The reference values in REF-Sort and center profiles are similar in this regard. On the other hand, class references can be defined as ranges in REF-Sort. Secondary values, called successors, can also be employed to assign a value to the appropriate class. REF-Sort can also determine the reference and successor values/ranges independently of the decision matrix. In addition, the proposed model is a maximally stable and consistent decision-making tool, as it is resistant to the rank reversal problem.

Findings

The current papers' findings indicate that countries have different features concerning investment. Hence, the current paper pointed out that only 22% of the 95 countries are investable, whereas 19% are risky. Thus, decision-makers should make detailed evaluations using robust, powerful, and practical decision-making tools to make more reasonable and logical decisions concerning country selection.

Originality/value

The current paper proposes a novel decision-making approach to evaluate. According to the authors' information, the proposed model has been applied to evaluate investable countries for the global supply chains for the first time.

Article
Publication date: 12 January 2015

Alysson Diego Marafon, Leonardo Ensslin, Rogério Tadeu de Oliveira Lacerda and Sandra Rolim Ensslin

The innovation expected by clients is identified as a business success factor of industrial companies in the current decade and the accountability of it is primarily attributable…

1351

Abstract

Purpose

The innovation expected by clients is identified as a business success factor of industrial companies in the current decade and the accountability of it is primarily attributable to Research and Development (R&D), which makes it a strategic topic for studies on the decision-making process. In light of this, the purpose of this paper is to present a decision aiding methodology used to support R&D management in the technology-based company, specialised in refrigeration solutions and world leader in the hermetic compressor market.

Design/methodology/approach

It is an exploratory study and has deductive-inductive logic and uses a quail-quantitative approach. It uses the Knowledge Development Process Constructivist (ProKnow-C) to systemically revise the literature surrounding the theme in order to identify research opportunities in the subject and adopts the Multi-Criteria Decision Aiding Constructivist (MCDA-C) methodology as an instrument of organisational performance evaluation to fulfil the research opportunities identified.

Findings

In the theoretical aspect, this research fulfilled the opportunities observed in recent and qualified literature about R&D performance evaluation. The paper also offers practical implications for the performance evaluation in R&D, since the methodology allowed the R&D manager to build knowledge to understand the consequences of his decisions in the criteria deemed important by himself.

Originality/value

The importance of this work covers academic and practical interests, as it documents the application of MCDA-C and increases knowledge concerning R&D management, whilst developing a recurrent tool of decision aiding in the context of the company studied.

Details

European Journal of Innovation Management, vol. 18 no. 1
Type: Research Article
ISSN: 1460-1060

Keywords

Article
Publication date: 21 June 2022

Hafiz Muhammad Athar Farid, Harish Garg, Muhammad Riaz and Gustavo Santos-García

Single-valued neutrosophic sets (SVNSs) are efficient models to address the complexity issues potentially with three components, namely indeterminacy, truthness and falsity…

Abstract

Purpose

Single-valued neutrosophic sets (SVNSs) are efficient models to address the complexity issues potentially with three components, namely indeterminacy, truthness and falsity. Taking advantage of SVNSs, this paper introduces some new aggregation operators (AOs) for information fusion of single-valued neutrosophic numbers (SVNNs) to meet multi-criteria group decision-making (MCGDM) challenges.

Design/methodology/approach

Einstein operators are well-known AOs for smooth approximation, and prioritized operators are suitable to take advantage of prioritized relationships among multiple criteria. Motivated by the features of these operators, new hybrid aggregation operators are proposed named as “single-valued neutrosophic Einstein prioritized weighted average (SVNEPWA) operator” and “single-valued neutrosophic Einstein prioritized weighted geometric (SVNEPWG) operators.” These hybrid aggregation operators are more efficient and reliable for information aggregation.

Findings

A robust approach for MCGDM problems is developed to take advantage of newly developed hybrid operators. The effectiveness of the proposed MCGDM method is demonstrated by numerical examples. Moreover, a comparative analysis and authenticity analysis of the suggested MCGDM approach with existing approaches are offered to examine the practicality, validity and superiority of the proposed operators.

Originality/value

The study reveals that by choosing a suitable AO as per the choice of the expert, it will provide a wide range of compromise solutions for the decision-maker.

Details

Management Decision, vol. 61 no. 2
Type: Research Article
ISSN: 0025-1747

Keywords

Article
Publication date: 4 November 2020

Leandro Reis Muniz, Samuel Vieira Conceição, Lásara Fabrícia Rodrigues, João Flávio de Freitas Almeida and Tãssia Bolotari Affonso

The purpose of this paper is to present a new hybrid approach based on criticality analysis and optimisation to deal with spare parts inventory management in the initial…

1554

Abstract

Purpose

The purpose of this paper is to present a new hybrid approach based on criticality analysis and optimisation to deal with spare parts inventory management in the initial provisioning phase in the mining industry. Spare parts represent a significant part of mining companies' expenditures, so it is important to develop new approaches to reduce the total inventory value of these items.

Design/methodology/approach

This hybrid approach combines qualitative and quantitative methods based on VED (vital, essential and desirable) analysis, analytical hierarchical process (AHP), and e-constraint optimisation method to obtain the spare parts to be stocked. The study was applied to a large mining company. The mineral sector was chosen due to the great importance to the emerging Brazilian economy and the lack of researches in this sector. In addition, the spare parts have a relevant weight on the total inventory cost.

Findings

Present a novel approach combining multi-objective optimisation and multi-criteria evaluation approaches to tackle the inventory decision in spare parts management. This work also defines and classifies relevant criteria for spare parts management in the mineral sector validated by specialists. The proposed approach achieves an average increase of 20.2% in the criticality and 16.6% in the number of items to be stocked compared to the historical data of the surveyed company.

Research limitations/implications

This paper applies the proposed approach to a mining company in Brazil. Future research in other companies or regions should analyse the adequacy of the criticality criteria, hierarchy and weights adopted in this paper.

Practical implications

The proposed approach is useful for mining industries that deal with a large variety of resource constraints as it helps in formulating appropriate spare part strategies to rationalise financial resources at both tactical and strategic levels.

Originality/value

The paper presents a new hybrid method combining the AHP a multi-criteria decision making (MCDM) approach coupled with e-constraint optimisation to deal with spare parts inventory management allowing for a better spare parts inventory analysis in the initial provisioning phase and providing managers with a systematic tool to analyse the trade-off between spare parts criticality and total inventory value.

Details

The International Journal of Logistics Management, vol. 32 no. 1
Type: Research Article
ISSN: 0957-4093

Keywords

Article
Publication date: 1 December 1996

Enrique G. Zapatero

Presents the findings concerning a search for an objective way of assessing the quality of commercially‐available, multi‐criteria decision support software. As hardware prices…

6108

Abstract

Presents the findings concerning a search for an objective way of assessing the quality of commercially‐available, multi‐criteria decision support software. As hardware prices continue to decline, consumers are spending relatively large sums of money on software. There is a powerful need for decision makers to justify these cash outlays based on the impact on the quality of the decisions made using multi‐criteria tools. After a thorough literary search for such an assessment uncovered the lack of field‐tested assessment batteries, develops an evaluation tool and undertakes an experiment to gain insight on the performance of this evaluation tool.

Details

Benchmarking for Quality Management & Technology, vol. 3 no. 4
Type: Research Article
ISSN: 1351-3036

Keywords

1 – 10 of over 5000