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Article
Publication date: 16 August 2019

Lunyan Wang, Qing Xia, Huimin Li and Yongchao Cao

The fuzziness and complexity of evaluation information are common phenomenon in practical decision-making problem, interval neutrosophic sets (INSs) is a power tool to…

Abstract

Purpose

The fuzziness and complexity of evaluation information are common phenomenon in practical decision-making problem, interval neutrosophic sets (INSs) is a power tool to deal with ambiguous information. Similarity measure plays an important role in judging the degree between ideal and each alternative in decision-making process, the purpose of this paper is to establish a multi-criteria decision-making method based on similarity measure under INSs.

Design/methodology/approach

Based on an extension of existing cosine similarity, this paper first introduces an improved cosine similarity measure between interval neutosophic numbers, which considers the degrees of the truth membership, the indeterminacy membership and the falsity membership of the evaluation values. And then a multi-criteria decision-making method is established based on the improved cosine similarity measure, in which the ordered weighted averaging (OWA) is adopted to aggregate the neutrosophic information related to each alternative. Finally, an example on supplier selection is given to illustrate the feasibility and practicality of the presented decision-making method.

Findings

In the whole process of research and practice, it was realized that the application field of the proposed similarity measure theory still should be expanded, and the development of interval number theory is one of further research direction.

Originality/value

The main contributions of this paper are as follows: this study presents an improved cosine similarity measure under INSs, in which the weights of the three independent components of an interval number are taken into account; OWA are adopted to aggregate the neutrosophic information related to each alternative; and a multi-criteria decision-making method using the proposed similarity is developed under INSs.

Details

International Journal of Intelligent Computing and Cybernetics, vol. 12 no. 3
Type: Research Article
ISSN: 1756-378X

Keywords

Book part
Publication date: 5 October 2018

Long Chen and Wei Pan

With numerous and ambiguous sets of information and often conflicting requirements, construction management is a complex process involving much uncertainty. Decision…

Abstract

With numerous and ambiguous sets of information and often conflicting requirements, construction management is a complex process involving much uncertainty. Decision makers may be challenged with satisfying multiple criteria using vague information. Fuzzy multi-criteria decision-making (FMCDM) provides an innovative approach for addressing complex problems featuring diverse decision makers’ interests, conflicting objectives and numerous but uncertain bits of information. FMCDM has therefore been widely applied in construction management. With the increase in information complexity, extensions of fuzzy set (FS) theory have been generated and adopted to improve its capacity to address this complexity. Examples include hesitant FSs (HFSs), intuitionistic FSs (IFSs) and type-2 FSs (T2FSs). This chapter introduces commonly used FMCDM methods, examines their applications in construction management and discusses trends in future research and application. The chapter first introduces the MCDM process as well as FS theory and its three main extensions, namely, HFSs, IFSs and T2FSs. The chapter then explores the linkage between FS theory and its extensions and MCDM approaches. In total, 17 FMCDM methods are reviewed and two FMCDM methods (i.e. T2FS-TOPSIS and T2FS-PROMETHEE) are further improved based on the literature. These 19 FMCDM methods with their corresponding applications in construction management are discussed in a systematic manner. This review and development of FS theory and its extensions should help both researchers and practitioners better understand and handle information uncertainty in complex decision problems.

Details

Fuzzy Hybrid Computing in Construction Engineering and Management
Type: Book
ISBN: 978-1-78743-868-2

Keywords

Article
Publication date: 2 April 2020

Vahid Mohagheghi, Seyed Meysam Mousavi, Mohammad Mojtahedi and Sidney Newton

Project selection is a critical decision for any organization seeking to commission a large-scale construction project. Project selection is a complex multi-criteria

Abstract

Purpose

Project selection is a critical decision for any organization seeking to commission a large-scale construction project. Project selection is a complex multi-criteria decision-making problem with significant uncertainty and high risks. Fuzzy set theory has been used to address various aspects of project uncertainty, but with key practical limitations. This study aims to develop and apply a novel Pythagorean fuzzy sets (PFSs) approach that overcomes these key limitations.

Design/methodology/approach

The study is particular to complex project selection in the context of increasing interest in resilience as a key project selection criterion. Project resilience is proposed and considered in the specific situation of a large-scale construction project selection case study. The case study develops and applies a PFS approach to manage project uncertainty. The case study is presented to demonstrate how PFS is applied to a practical problem of realistic complexity. Working through the case study highlights some of the key benefits of the PFS approach for practicing project managers and decision-makers in general.

Findings

The PFSs approach proposed in this study is shown to be scalable, efficient, generalizable and practical. The results confirm that the inclusion of last aggregation and last defuzzification avoids the potentially critical information loss and relative lack of transparency. Most especially, the developed PFS is able to accommodate and manage domain expert expressions of uncertainty that are realistic and practical.

Originality/value

The main novelty of this study is to address project resilience in the form of multi-criteria evaluation and decision-making under PFS uncertainty. The approach is defined mathematically and presented as a six-step approach to decision-making. The PFS approach is given to allow multiple domain experts to focus more clearly on accurate expressions of their agreement and disagreement. PFS is shown to be an important new direction in practical multi-criteria decision-making methods for the project management practitioner.

Article
Publication date: 18 November 2021

Shervin Zakeri, Fatih Ecer, Dimitri Konstantas and Naoufel Cheikhrouhou

This paper proposes a new multi-criteria decision-making method, called the vital-immaterial-mediocre method (VIMM), to determine the weight of multiple conflicting and…

Abstract

Purpose

This paper proposes a new multi-criteria decision-making method, called the vital-immaterial-mediocre method (VIMM), to determine the weight of multiple conflicting and subjective criteria in a decision-making problem.

Design/methodology/approach

The novel method utilizes pairwise comparisons, vector-based procedures and a scoring approach to determine weights of criteria. The VIMM compares alternatives by the three crucial components, namely the vital, immaterial and mediocre criteria. The vital criterion has the largest effect on the final results, followed by the mediocre criterion and then the immaterial criterion, which is the least impactful on the prioritization of alternatives. VIMM is developed in two forms where the first scenario is designed to solve one-goal decision-making problems, while the second scenario embraces multiple goals.

Findings

To validate the method’s performance and applicability, VIMM is applied to a problem of sustainable supplier selection. Comparisons between VIMM, analytic hierarchy process (AHP) and best-worst method (BWM) reveal that VIMM significantly requires fewer comparisons. Moreover, VIMM works well with both fractional and integer numbers in its comparison procedures.

Research limitations/implications

As an implication for research, we have added the development of the VIMM under fuzzy and grey environments as the direction for optimization of the method.

Practical implications

As managerial implications, VIMM not only provides less complex process for the evaluation of the criteria in the managerial decision-making process, but it also generates consistent results, which make VIMM a reliable tool to apply to a large number of potential decision-making problems.

Originality/value

As a novel subjective weighting method, there exist five major values that VIMM brings over AHP and BWM methods: VIMM requires fewer comparisons compared with AHP and BWM; it is not sensitive to the number of criteria; as a goal-oriented method, it exclusively takes the decision-making goals into account; it keeps the validity and reliability of the Decision-Makers’ (DMs’) opinions and works well with integer and fractional numbers.

Details

Kybernetes, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0368-492X

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…

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: 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…

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.

Details

Kybernetes, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0368-492X

Keywords

Article
Publication date: 23 November 2018

Morteza Yazdani, Pascale Zarate, Edmundas Kazimieras Zavadskas and Zenonas Turskis

The purpose of this paper is to discuss the advantage of a combinatory methodology presented in this study. The paper suggests that the comparison with results of…

1973

Abstract

Purpose

The purpose of this paper is to discuss the advantage of a combinatory methodology presented in this study. The paper suggests that the comparison with results of previously developed methods is in high agreement.

Design/methodology/approach

This paper introduces a combined compromise decision-making algorithm with the aid of some aggregation strategies. The authors have considered a distance measure, which originates from grey relational coefficient and targets to enhance the flexibility of the results. Hence, the weight of the alternatives is placed in the decision-making process with three equations. In the final stage, an aggregated multiplication rule is employed to release the ranking of the alternatives and end the decision process.

Findings

The authors described a real case of choosing logistics and transportation companies in France from a supply chain project. Some comparisons such as sensitivity analysis approach and comparing to other studies and methods provided to validate the performance of the proposed algorithm.

Originality/value

The algorithm has a unique structure among MCDM methods which is presented for the first time in this paper.

Details

Management Decision, vol. 57 no. 9
Type: Research Article
ISSN: 0025-1747

Keywords

Article
Publication date: 11 May 2020

Selim Başar, Ayse Kucuk Yilmaz, Mustafa Karaca, Hilal Tuğçe Lapçın and Sibel İsmailçebi Başar

In this study, research problem has been designed as a fleet-based optimization problem. This paper aims to present fleet modelling with risk taxonomy. Fleet modelling has…

Abstract

Purpose

In this study, research problem has been designed as a fleet-based optimization problem. This paper aims to present fleet modelling with risk taxonomy. Fleet modelling has been assumed as strategic multi-criteria decision-making problem to capacity building. Capacity building risk management is an essential element within the scope of its strategy to ensure sustainable corporate performance. Optimization is a fundamental target in aviation business’ strategy and management since the manager make decisions in their multi-interrelated criteria environment. Also, aviation is a highly regulated sector, and its operational and business procedures have certain limits by both national and international authorities. For this reason, companies implement risk management for strategic optimization while performing operations in compliance with the legislation. Risk management with capacity building and resource dependency perspective applied for strategic optimization aims to capture opportunities and result in threats with minimum accidents and incidents.

Design/methodology/approach

The taxonomy and analytical hierarchy process (AHP) have been identified as methodologies in this research. The type of training in the high organizational performance of an approved training organization, strategy, resources and allocations with the corporate objectives, the amount and qualifications of the flight crew, their professionalism, maintenance team and licenses, hangar conditions and capacity, authority requirements and limits, region conditions, altitude and meteorology, student profile, together with a multi-criteria decision are to be considered. For each criterion, there are resources and thus resource dependence. In this study, the analytical network process method was used. In the construction of new taxonomy, specific criteria have been considered, and the analysis has been accomplished as multi-criteria decision-making problem because of the relationship and interaction between them. A number of professionals with high knowledge of the pilots and manager from Air Traffic Organization participated in the study.

Findings

The fleet modelling is both strategic and operational decision issue for training organizations. In this issue, there is a vital problem as which aircrafts should include fleet? Main criteria and sub-criteria are analyzed by AHP method and sorted according to their priorities and the fleet qualifications consisting of the most suitable aircraft/aircraft are presented. The finding and suggestions will contribute to establish sustainable organization in based on capacity building and resource dependency for managers. While analyzing main criteria, the important criteria which were found were strategic and then operational. After ordering main criteria, sub-criteria were analyzed and were multiplicated with their items. According to study findings, aircraft suitability for training model is the most important item. It follows respectively aircraft maintenance sustainability, cost of aircraft supply and faculty budget adequacy. However, operation characteristics of the square that is less important item was found. It was seen that the strategies used to manage dependencies used the bridge strategy. The results we obtained with the interviews with pilot managers are very significant in terms of resource dependence on the subject of fleet optimization. While first criterion is operational, it continues with strategic and financial criteria. After interviews with pilot managers, it was figured out that maintenance is also very important criteria. For managing this dependency, university has acquisitions, which is one of the strategy to manage dependency, rather than outsourcing. For this reason, maintenance criterion has lower importance than others. When thinking of other criteria, strategic and financial criteria have played an important role. University has tried to decrease dependency and increase sustainability.

Research limitations/implications

Aircraft selection is a strategic decision of fleet modelling in both aviation business and also training organizations via influencing their corporate performance, operational performance, capacity building and their sustainability. There are some factors that limit the criteria, as research problem has been developed for approved training organizations not airlines. For this reason, our research is limited with fleet of training organizations. Our findings and suggestions may be useful for flight schools to managing their resource dependency and also to their capacity building. In this research, new taxonomy has been developed depending on training organizations’ qualifications. Airlines may improve this taxonomy to use in their decision-making process.

Practical implications

The fleets, which were established considering the taxonomy in this study, will be able to manage the risk of resource dependency more successfully. Pilot candidates will be able to provide a more ergonomic and higher quality education. This research and its findings will contribute to the development of organizations’ accurate and timely decision-making skills. Resource dependency may threat organizational sustainability in our research, New taxonomy and our holistic approach will support organizational efforts to achieve sustainable strategies.

Social implications

New taxonomy to modelling fleet that has been developed in this research may provide contribution to approved training organizations for both managing resource dependency-based risks and to capacity building-related decision-making process. This research may serve organizations as strategic decision-making tool. And also this kind of study may contribute to improve sustainability of organizations and serve more good fleet for their pilot candidates. For these reasons, this research may create social implications, as both resource using and capacity building will make contribution for society and add value.

Originality/value

This research presents new risk taxonomy and criteria. Also new taxonomy and its criteria are analysed with AHP. It is thought that this research shows risk management-based approach for fleet modelling creates benefits for approved training organizations to using their limited sources effectively and efficiently. The article includes risk management and capacity building-related approach to decision-making. also, this research presents modeling which will contribute to the management field besides literature. In developing taxonomy process, the analysis has been conducted, based on expert opinions and referred to for these pairwise comparisons. Airlines managers and risk managers may examine their fleet modelling according to our taxonomy which is based on risk management.

Article
Publication date: 14 August 2018

Miguel Angel Ortiz-Barrios, Zulmeira Herrera-Fontalvo, Javier Rúa-Muñoz, Saimon Ojeda-Gutiérrez, Fabio De Felice and Antonella Petrillo

The risk of adverse events in a hospital evaluation is an important process in healthcare management. It involves several technical, social, and economical aspects. The…

Abstract

Purpose

The risk of adverse events in a hospital evaluation is an important process in healthcare management. It involves several technical, social, and economical aspects. The purpose of this paper is to propose an integrated approach to evaluate the risk of adverse events in the hospital sector.

Design/methodology/approach

This paper aims to provide a decision-making framework to evaluate hospital service. Three well-known methods are applied. More specifically are proposed the following methods: analytic hierarchy process (AHP), a structured technique for organizing and analyzing complex decisions, based on mathematics and psychology developed by Thomas L. Saaty in the 1970s; decision-making trial and evaluation laboratory (DEMATEL) to construct interrelations between criteria/factors and VIKOR method, a commonly used multiple-criteria decision analysis technique for determining a compromise solution and improving the quality of decision making.

Findings

The example provided has demonstrated that the proposed approach is an effective and useful tool to assess the risk of adverse events in the hospital sector. The results could help the hospital identify its high performance level and take appropriate measures in advance to prevent adverse events. The authors can conclude that the promising results obtained in applying the AHP–DEMATEL–VIKOR method suggest that the hybrid method can be used to create decision aids that it simplifies the shared decision-making process.

Originality/value

This paper presents a novel approach based on the integration of AHP, DEMATEL and VIKOR methods. The final aim is to propose a robust methodology to overcome disadvantages associated with each method.

Details

Management Decision, vol. 56 no. 10
Type: Research Article
ISSN: 0025-1747

Keywords

Article
Publication date: 12 January 2015

Jianwei Gao and Huihui Liu

– The purpose of this paper is to provide a new approach to solving the interval-valued intuitionistic fuzzy stochastic multi-criteria decision-making (MCDM) problems.

Abstract

Purpose

The purpose of this paper is to provide a new approach to solving the interval-valued intuitionistic fuzzy stochastic multi-criteria decision-making (MCDM) problems.

Design/methodology/approach

To transform the interval-valued intuitionistic fuzzy number (IVIFN) into a computational numerical value, a new precision score (P-score) function is developed based on the degrees of membership, non-membership and hesitation. The prospect decision-making matrix is derived by applying P-score function and Prospect theory. A new criteria weighting model is put forward based on the least square method, the maximizing deviation method and Prospect theory. Consequently, combined criteria weighting model with the prospect decision-making matrix, the integrated prospect value is derived which presents a measurement scale for ranking the order of alternatives.

Findings

As a result, the method of the interval-valued intuitionistic fuzzy stochastic MCDM is suggested. In this method, the new P-score function responses the comprehensive information of the criteria. The prospect decision-making matrix can reflect the risk attitude of the decision maker. The new criteria weighting model can express both the subjective considerations of the decision maker and the objective information meaning.

Research limitations/implications

The research results may lack generalizability for other fuzzy decision making because of the chosen research approach for IVIFN decision making. Therefore, researchers are encouraged to test the proposed propositions further.

Practical implications

The developed approach can be applied in many decision-making fields such as selection of renewable energy alternatives, assessment of flexible manufacturing system alternatives and human resource alternatives performance evaluation, etc. where the evaluation values are IVIFNs.

Originality/value

This paper succeeds in studying the interval-valued intuitionistic fuzzy MCDM based on Prospect theory, which has not been reported in the existing academic literature.

Details

Kybernetes, vol. 44 no. 1
Type: Research Article
ISSN: 0368-492X

Keywords

1 – 10 of over 4000