This paper proposes fuzzy multi-criteria decision-making approach integrated with fuzzy real option value theory. The applicability of the proposed method was shown on a real-world supermarket location selection problem. Based on the interviews with the experts, the evaluation criteria for retail location selection were identi ̄ed. Then the network for fuzzy analytic network process (ANP) method...

This study develops a computational framework for ranking Bangladeshi coals for industrial use based on fuzzy set theory. The ranking process considers coal quality parameters (known as selection or ranking criteria) such as sulphur content (ultimate analysis), fixed carbon, volatile matter, moisture content, and ash content (proximate analysis) and calorific value. The selection criteria are f...

Supplier selection problem, considered as a multi-criteria decision-making (MCDM) problem, is one of the most important issues for firms. Lots of literatures about it have been emitted since 1960s. However, research on supplier selection under operational risks is limited. What’s more, the criteria used by most of them are independent, which usually does not correspond with the real world. Alth...