evaluating and selecting alternatives investment projects needs considering all relevant and important aspects. in traditional methods, the focus is just on tangible monetary criteria. also in the traditional methods, either all the information’s about factors must be known precisely or sufficient objective data must be available for applying probability theory. in this paper, a combinative app...

in most of the multi-criteria decision making problems, it is important to have necessary information about relative importance of each criteria. in this group of problems, weights measure the relative importance of preferences of each criteria in comparison with the other decision making criteria. in this research, the nise method has been used for mapping mean-variance efficient frontier. nis...

multi-criteria evaluation methods (mcem) have been widely used in the scientific arena as well as in urban and regional planning. the analytic network process (anp) is one the mcem that includes relevant tangible as well as intangible criteria and sub-criteria. it allows for a more complex relationship among the decision levels and attributes, as it does not require a strict hierarchical struct...

The decision making on selection of improvement solutions was one of the obstacles hampering the success of process improvement. This paper presents the House of Improvement (HOI) model as a guideline to link decision criteria for the prioritisation of improvement solutions. Three phases in the HOI are applied to facilitate selection and to ensure that suitable and value-added solutions are cho...