Three methods have previously been presented in Computer and Industrial Engineering for the selection of a statistical distribution to describe a data-set: the weighted sum model, the weighted multiplication model and data envelopment analysis. These are based on distinctive preset of parameters and result in three different rankings. In these approaches there is no interaction with the decisio...

Abstract In a portfolio selection problem, the first step is to choose suitable stocks at the right time. Many approaches and principles have been used to help investor solve the problem. This paper documents a new approach for the portfolio selection problem based on the combined method of Constrained Fuzzy Analytic Hierarchy Process (CFAHP) and the Preference Ranking Organization Method for E...

The problem of chunk-based resource allocation for the uplink of Long Term Evolution is investigated. In this paper, a combined order using the promethee method and analytic hierarchy decision for chunk allocation algorithm is proposed. The utility of each order is sorted based on promethee method approach so that the utility of each order could be approximated as the average of all criteria on...

Selecting the best mining method among many alternatives is a multicriteria decision making problem. The aim of this paper is to demonstrate the implementation of an integrated approach that employs AHP and PROMETHEE together for selecting the most suitable mining method for the "Coka Marin" underground mine in Serbia. The related problem includes five possible mining methods and eleven criteri...

Inner areas are rural with low population density, distant from the main hotspots offering essential welfare services and endowed significant environmental assets cultural heritage. In Italy, their development is at core of national strategy for inner areas. Specific documents program agreements were issued each area summarized intervention themes projects to implement. However, when considered...

For some multi-criteria decision aiding methods, the relative ranks of two actions may be inverted when the original set is altered. This phenomenon is known as rank reversal. In this contribution, we formalise rank reversal for the Promethee II method and derive the exact conditions for its occurrence when one ore more actions are added or removed from/to the original set. These conditions eve...

This paper is concerned with the following question: How to choose among Multi-Criteria Decision Aid (MCDA) methods to solve dynamic decision making problems under uncertainty? To address this question, a methodology has been proposed, which is based on a characterization of the MCDA methods. The MCDA methods are characterized according to 1) sufficient conditions that allow their use to solve ...