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Publication date: 11 September 2020

Ronald Klimberg and Samuel Ratick

When comparing and evaluating performance, decision-makers are concerned with providing a range of effective, efficient, and fair measures that can yield representative relative…

Abstract

When comparing and evaluating performance, decision-makers are concerned with providing a range of effective, efficient, and fair measures that can yield representative relative rankings for the units being evaluated. In this chapter, we apply three multicriteria benchmarking modeling techniques – weighted linear combination, data envelopment analysis (DEA), and ordered weighted average (OWA) – to an example dataset to provide a quantitative assessment of performance. Evaluation of the results demonstrates that each of these techniques has relative strengths and shortcomings. To take advantage of the relative strengths, and avoid some of the shortcomings that we observed, we develop and assess a promising new methodological approach, the order rated effectiveness (ORE) model. ORE uses the OWA unit ratings within a DEA optimization framework to provide an overall relative performance assessment.

Book part
Publication date: 5 October 2018

Nasir Bedewi Siraj, Aminah Robinson Fayek and Mohamed M. G. Elbarkouky

Most decision-making problems in construction are complex and difficult to solve, as they involve multiple criteria and multiple decision makers in addition to subjective…

Abstract

Most decision-making problems in construction are complex and difficult to solve, as they involve multiple criteria and multiple decision makers in addition to subjective uncertainties, imprecisions and vagueness surrounding the decision-making process. In many instances, the decision-making process is based on linguistic terms rather than numerical values. Hence, structured fuzzy consensus-reaching processes and fuzzy aggregation methods are instrumental in multi-criteria group decision-making (MCGDM) problems for capturing the point of view of a group of experts. This chapter outlines different fuzzy consensus-reaching processes and fuzzy aggregation methods. It presents the background of the basic theory and formulation of these processes and methods, as well as numerical examples that illustrate their theory and formulation. Application areas of fuzzy consensus reaching and fuzzy aggregation in the construction domain are identified, and an overview of previously developed frameworks for fuzzy consensus reaching and fuzzy aggregation is provided. Finally, areas for future work are presented that highlight emerging trends and the imminent needs of fuzzy consensus reaching and fuzzy aggregation in the construction domain.

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

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Book part
Publication date: 11 September 2020

Ronald Klimberg and Samuel Ratick

A major consequence of global environmental change is projected to be the alteration in flood periodicity, magnitude, and geographic patterns. There are a number of extant methods…

Abstract

A major consequence of global environmental change is projected to be the alteration in flood periodicity, magnitude, and geographic patterns. There are a number of extant methods designed to help identify areas vulnerable to these consequences, the construction of composite vulnerability indices prominent among them. In this paper we have implemented the Order Rated Effectiveness (ORE) model (Klimberg & Ratick, 2020) to produce composite flood vulnerability indicators through the aggregation of six constituent vulnerability indicators future projected for 204 hydrologic subbasins that cover the contiguous US. The ORE aggregation results, when compared with those obtained using the Weighted Linear Combination and Data Envelopment Analysis, provided a more robust and actionable distribution of composite vulnerability results for decision-makers when prioritizing Hydrologic Unit Codes for further analysis and for effectively and efficiently implementing adaptation and mitigation strategies to address the flooding consequences due to global climate change.

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Book part
Publication date: 5 October 2018

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

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Book part
Publication date: 11 September 2020

Abstract

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Applications of Management Science
Type: Book
ISBN: 978-1-83867-001-6

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