Multi-criteria decision-making (MCDM) is one of the main problems which aims to determine best alternative by considering more than criterion in selection process. MCDM has manifold tools and methods that can be applied different fields from finance engineering design. This entry provide a survey on concept, its applications, categories, methods. The final section provides information statistic...

Purpose – To provide a good insight into the use of analytic hierarchy process (AHP) that is a multiple criteria decision-making methodology in evaluating flexible manufacturing systems (FMSs). Design/methodology/approach – In this study AHP is used to the decision by a tractor manufacturing plant to implement FMS. Also sensitivity analysis is conducted to see how realistic the final outcome is...

Cloud computing is a recent computing paradigm that represents a fundamental change of information commu- nication technology (ICT) services and Cloud services continue to grow rapidly with increasing functionality and more users. As a result of this growth, it is a critical issue to select a suitable Cloud service which meets all the business strategies and the objectives of firms. This paper ...

Investment appraisal in advanced manufacturing technologies (AMTs) has been receiving considerable attention over the past three decades. As stated in numerous studies, traditional engineering economic methods cannot adequately justify investments in AMTs. Thus, beside these methods, some other solutions have been proposed in this field. The methods applied in the evaluation of AMTs can be clas...