Combined heat and power (CHP) or cogeneration can play a strategic role in addressing environmental issues and climate change. CHP systems require less fuel than separate heat and power systems in order to produce the same amount of energy saving primary energy, improving the security of the supply. Because less fuel is combusted, greenhouse gas emissions and other air pollutants are reduced. I...

The layout design problem is a strategic issue and has a significant impact on the efficiency of a manufacturing system. Much of the existing layout design literature that uses a surrogate function for flow distance or for simplified objectives may be entrapped into local optimum; and subsequently lead to a poor layout design due to the multiple-attribute decision making (MADM) nature of a layo...

Energy has been universally recognized as a key element for sustainable development. In developing countries, such as Turkey, energy demand increases thanks to a fast growing population and economy, posing threats of energy availability in the next decades. For this reason, Turkey has to evaluate and develop domestic, clean, and reliable energy sources from different alternative sources for sus...

Species selection based on a new method such as a fuzzy method is one of the most important stages in the successful plantation management planning as choosing a suitable species for the site can be the key to success. This paper is based on a fuzzy extension of the Technique or Order Preference which is similar to Ideal Solution (TOPSIS) method. The purpose of this paper is to develop fuzzy TO...

Selection of a project among a set of possible alternatives is a difficult task that the decision maker (DM) has to face. In this paper, by using a fuzzy TOPSIS technique we propose a new method for a project selection problem. After reviewing four common methods of comparing investment alternatives (net present value, rate of return, benefit cost analysis and payback period) we use them as cri...

The technological cooperation activities among enterprises, universities and research institutes are considered be necessary for accessing complementary technological resources and improving the technology innovation capability. One of the important approaches to cooperation is constructing cooperation innovation alliance. But cooperation innovation alliances are risky. How to choose the right ...

A new deployment of the multiple criteria decision making (MCDM) techniques: the Simple Additive Weighting (SAW), and the Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) for portfolio allocation, is demonstrated in this paper. Rather than exclusive reference to mean and variance as in the traditional mean-variance method, the criteria used in this demonstration are the f...

A new deployment of the multiple criteria decision making (MCDM) techniques: the Simple Additive Weighting (SAW), and the Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) for portfolio allocation, is demonstrated in this paper. Rather than exclusive reference to mean and variance as in the traditional mean-variance method, the criteria used in this demonstration are the f...

Risk response planning is one of the main phases in the project risk management and has major impacts on the success of a large-scale project. Since projects are unique, and risks are dynamic through the life of the projects, it is necessary to formulate responses of the important risks. The conventional approaches tend to be less effective in dealing with the impreciseness of risk response p...

This paper presents an integrated fuzzy approach for selecting R&D project. In the integrated approach, fuzzy concepts are used for decision-makers’ subjective judgments to reflect the vague nature of the selection process. Fuzzy ANP and Fuzzy TOPSIS are included in the integrated approach. Fuzzy ANP is used to determine the fuzzy weights of criteria and sub-criteria. Fuzzy TOPSIS aims to rank ...