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Book part
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.

Article
Publication date: 29 May 2024

Gerarda Fattoruso, Roberta Martino, Viviana Ventre and Antonio Violi

Multi-criteria methods represent an adequate tool for solving complex decision problems that provide real support to the decision maker in the choice process. This paper analyzes…

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Abstract

Purpose

Multi-criteria methods represent an adequate tool for solving complex decision problems that provide real support to the decision maker in the choice process. This paper analyzes a decision problem that recurs over time using one of the newer methods as the Parsimonious AHP.

Design/methodology/approach

In this paper we integrated the P-AHP with: (1) the weighted average which takes into account the objectivity of the data; (2) ordered weighted average (OWA) aggregation operators that address the subjective nature of the data; (3) the Choquet integral and (4) the Sugeno integral which also considers the uncertain nature of the final ranking as it is defined on a fuzzy measure.

Findings

The present paper proves that variations in the final ranking, due to the different mathematical properties of the selected aggregators, are fundamental to select the best alternative without neglecting any characteristic of the input data. In fact, it is discussed and underlined how and why the best alternative is one that never excels but has very good positions with respect to all aggregation operator rankings.

Originality/value

The aim and innovation presented in this work is the use of the Parsimonious AHP (P-AHP) method in a dynamic way with the use of different aggregation techniques.

Details

Management Decision, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0025-1747

Keywords

Article
Publication date: 13 July 2020

Jolly Puri and Meenu Verma

This paper is focused on developing an integrated algorithmic approach named as data envelopment analysis and multicriteria decision-making (DEA-MCDM) for ranking decision-making…

Abstract

Purpose

This paper is focused on developing an integrated algorithmic approach named as data envelopment analysis and multicriteria decision-making (DEA-MCDM) for ranking decision-making units (DMUs) based on cross-efficiency technique and subjective preference(s) of the decision maker.

Design/methodology/approach

Self-evaluation in data envelopment analysis (DEA) lacks in discrimination power among DMUs. To fix this, a cross-efficiency technique has been introduced that ranks DMUs based on peer-evaluation. Different cross-efficiency formulations such as aggressive and benevolent and neutral are available in the literature. The existing ranking approaches fail to incorporate subjective preference of “one” or “some” or “all” or “most” of the cross-efficiency evaluation formulations. Therefore, the integrated framework in this paper, based on DEA and multicriteria decision-making (MCDM), aims to present a ranking approach to incorporate different cross-efficiency formulations as well as subjective preference(s) of decision maker.

Findings

The proposed approach has an advantage that each of the aggressive, benevolent and neutral cross-efficiency formulations contribute to select the best alternative among the DMUs in a MCDM problem. Ordered weighted averaging (OWA) aggregation is applied to aggregate final cross-efficiencies and to achieve complete ranking of the DMUs. This new approach is further illustrated and compared with existing MCDM approaches like simple additive weighting (SAW) and Technique for Order of Preference by Similarity to Ideal Solution (TOPSIS) to prove its validity in real situations.

Research limitations/implications

The choice of cross-efficiency formulation(s) as per subjective preference of the decision maker and different orness levels lead to different aggregated scores and thus ranking of the DMUs accordingly. The proposed ranking approach is highly useful in real applications like R and D projects, flexible manufacturing systems, electricity distribution sector, banking industry, labor assignment and the economic environmental performances for ranking and benchmarking.

Practical implications

To prove the practical applicability and robustness of the proposed integrated DEA-MCDM approach, it is applied to top twelve Indian banks in terms of three inputs and two outputs for the period 2018–2019. The findings of the study (1) ensure the impact of non-performing assets (NPAs) on the ranking of the selected banks and (2) are enormously valuable for the bank experts and policy makers to consider the impact of peer-evaluation and subjective preference(s) in formulating appropriate policies to improve performance and ranks of underperformed banks in competitive scenario.

Originality/value

To the best of the authors’ knowledge, this is the first study that has integrated both DEA and MCDM via OWA aggregation to present a ranking approach that can incorporate different cross-efficiency formulations and subjective preference(s) of the decision maker for ranking DMUs.

Details

Data Technologies and Applications, vol. 54 no. 4
Type: Research Article
ISSN: 2514-9288

Keywords

Article
Publication date: 24 May 2013

Shouzhen Zeng

The purpose of this paper is to present a new decision making technique called the uncertain induced Minkowski OWA distance (UIMOWAD) operator.

Abstract

Purpose

The purpose of this paper is to present a new decision making technique called the uncertain induced Minkowski OWA distance (UIMOWAD) operator.

Design/methodology/approach

The developed UIMOWAD operator is a new aggregation operator that uses the IOWA operator, the Minkowski distance and interval numbers. It is an extension of the IMOWAD operator that uses uncertain information in the aggregation represented in the form of interval numbers.

Findings

The UIMOWAD operator is very suitable to deal with complex reordering processes that represent a wide range of factors in an uncertain environment that can be assessed with interval numbers.

Research limitations/implications

Clearly, this paper is devoted to the OWA operator and uncertain theory.

Practical implications

The UIMOWAD operator is applicable in a wide range of situations such as decision‐making, statistics, engineering and economics.

Originality/value

This paper fulfils an identified need to study how to make a decision according to expert's interest in uncertain environment.

Details

Kybernetes, vol. 42 no. 5
Type: Research Article
ISSN: 0368-492X

Keywords

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.

Details

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

Keywords

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.

Article
Publication date: 13 September 2011

Mohammad Reza Badello, Behzad Moshiri, Babak N. Araabi and Hamed Tebianian

The purpose of this paper is to design and implement a landmine detection robot (Venus) equipped with three electromagnetic sensors and controlled by ordered weighted averaging…

Abstract

Purpose

The purpose of this paper is to design and implement a landmine detection robot (Venus) equipped with three electromagnetic sensors and controlled by ordered weighted averaging (OWA) sensor fusion approach. Higher numbers of detected mines in a fixed time interval and lower total power consumption are the achieved goals of this research.

Design/methodology/approach

OWA sensor fusion is exploited for data combination in this paper. Unlike most other landmine detection robots, Venus has three electromagnetic sensors, the positions of which can be adjusted according to the environmental conditions. Also, a novel approach for OWA weight dedication using Gaussian distribution function is applied and the whole idea is evaluated practically in several randomly mined fields. Finally, for better evaluation, performance of Venus is compared with the other two landmine detection robots.

Findings

The simulation and experimental results proved that in a predetermined interval of time, not only total energy consumption is reduced, but also by expanding the surface and the depth of influence of electromagnetic waves, the number of detected mines is considerably raised.

Social implications

In contrast to the regular demining process, which is relatively expensive and complicated, the landmine detection method proposed in this research is surprisingly simple, cost effective, and efficient. Therefore, it may be attractive for every company or organization in this field of research.

Originality/value

The paper describes research which implements and evaluates a novel control approach based on OWA sensor fusion method, a new way of using Gaussian distribution function for determining OWA weights, and also an adaptive physical configuration for sensors based on environmental conditions.

Article
Publication date: 30 July 2019

Marlenne G. Velazquez-Cazares, Ernesto Leon-Castro, Fabio Blanco-Mesa and Segio Alvarado-Altamirano

The purpose of this paper is to identify new formulations for evaluating corporate social responsibility using different aggregation information operators.

Abstract

Purpose

The purpose of this paper is to identify new formulations for evaluating corporate social responsibility using different aggregation information operators.

Design/methodology/approach

The ordered weighted average (OWA) operator and its extensions, the induced OWA (IOWA) and prioritized OWA (POWA) operators are used to generate a new score for a Mexican enterprise with the corporate social responsibility (CSR) distinction.

Findings

The use of these operators allows for generation of different scenarios highlighting the relative importance of the elements. This information is useful for the government and companies to generate different evaluations depending on the specific characteristics of the region, state or municipality.

Originality/value

The use of aggregation operators in the traditional CSR formulation is presented. Likewise, the application of these new strategies to evaluate CSR is presented in a Mexican enterprise case to understand the steps that should be followed if the OWA operator and its extensions are to be used.

Details

Kybernetes, vol. 50 no. 2
Type: Research Article
ISSN: 0368-492X

Keywords

Article
Publication date: 9 January 2017

Valeria Scherger, Antonio Terceño and Hernán Vigier

The purpose of this paper is to develop a goodness index based on Hamming distance and ordered weighted averaging distance (OWAD), which is useful to make decisions. These…

Abstract

Purpose

The purpose of this paper is to develop a goodness index based on Hamming distance and ordered weighted averaging distance (OWAD), which is useful to make decisions. These alternative measures enrich the results of diagnostic fuzzy models and facilitate the experts’ task in decision-making. An application to a set of firms to verify the results is also presented.

Design/methodology/approach

The paper follows the basis of OWA operators to design a methodology to reduce the map of causes of business failure into monitoring key areas.

Findings

The present paper introduces two alternative measures to test the proposal of grouping. In the empirical application, the superiority of the minimum T-norm over other decision rules is verified. The ordered weighted averaging distance (OWAD) goodness index predicts a better adjustment over the index built using OWA and Hamming distance measures.

Practical implications

A useful mechanism to reduce the map of causes or diseases detected in key areas is added through this analysis. At the same time, these key areas can be disaggregated once some alert indicator is identified; this allows knowing the causes that require special attention. This application of OWA can encourage the development of suitable computer systems for monitoring the firm’s problems, alerting regarding failures and easing decision-making.

Originality/value

A comparison of grouping causes into key areas through a goodness index based on Hamming distance and OWAD is proposed. These contributions enrich the Vigier and Terceño (2008) model and could be applied to any model of fuzzy diagnosis to test the results.

Details

Kybernetes, vol. 46 no. 1
Type: Research Article
ISSN: 0368-492X

Keywords

Content available
Book part
Publication date: 5 October 2018

Abstract

Details

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

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