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...

This paper presents a hybrid neuro-fuzzy methodology to identify appropriate global logistics (GL) operational modes used for global supply chain management. The proposed methodological framework includes three main developmental phases: (1) establishment of a GL strategic hierarchy, (2) formulation of GL-mode identification rules, and (3) development of a GL-mode choice model. By integrating a...

In this paper we introduce a new procedure called α -Discounting Method for MultiCriteria Decision Making (α-D MCDM), which is as an alternative and extension of Saaty’s Analytical Hierarchy Process (AHP). It works for any number of preferences that can be transformed into a system of homogeneous linear equations. A degree of consistency (and implicitly a degree of inconsistency) of a decision-...

This chapter demonstrates how a neuro-fuzzy approach could produce outputs of a further-modified multi-criteria decision-making (MCDM) quality function deployment (QFD) model within the required error rate. The improved fuzzified MCDM model uses the modified S-curve membership function (MF) as stated in an earlier chapter. The smooth and flexible logistic membership function (MF) finds out fuzz...

In multi-criteria decision-making (MCDM) research, the criteria weights are crucial components that significantly impact results. Many researchers have proposed numerous methods to establish of criterion. This paper provides a modified technique, fuzzy method based on removal effects (MEREC) by modifying normalization technique and enhancing logarithm function used assess entire performance alt...

The planning phase of every construction project is entangled with multiple and occasionally conflicting criteria which need to be optimized simultaneously. Multi-criterion decision-making (MCDM) approaches can aid decision-makers in selecting the most appropriate solution among numerous potential Pareto optimal solutions. An evidential reasoning (ER) approach was applied for the first time in ...

This article is based on previous author’s articles on a correct way for ranking alternatives in Multi-criteria Decision-Making (MCDM). A straightforward but robust Weighed-Sum Procedure (WSP) is presented. It consists in combining additively ranks or scores evaluated against a dimensionless scale, common to all criteria. MCDM methodologies based on pair-wise comparison methods are on the contr...

The goal of this manuscript is to provide an efficient approach to the process of the recruitment and selection of candidates in the mining industry. The proposed approach is based on the use of MCDM models for personnel selection in the mining industry; the approach will provide an MCDM model for the personnel selection based on the SWARA ant the MULTIMOORA methods. The efficiency and usabilit...