In this paper, an interesting and easy method to solve the multi-dimensional  knapsack problem is presented. Although it belongs to the combinatorial optimization, but the proposed method belongs to the decision making field in mathematics. In order to, initially efficiency values for every item is calculated then items are ranked by using Multiple Criteria Decision Making (MCDA).  Finally, ite...

in today’s competitive business situation, performance evaluation of firms is an extremely important concern of all the people who are typically stakeholders of the business game. in case of holding companies, this is a more important issue since the parent firm must permanently control the situation of its subsidiaries in their sectors to make appropriate investment decisions. this paper devel...

Decision making about outsourcing or insourcing of manufacturing activities is a type of multiple criteria decision making (MCDM) problem, which requires considering quantitative and qualitative factors as evaluation criteria simultaneously. Therefore, a suitable MCDM method can be useful in this area as it can consider the interactions among quantitative and qualitative criteria. The analytic...

Original scientific paper In the present conditions of market globalization and thus increased market competition, the purchasing department and management structure of the company, in addition to answering questions what, how many and when to buy at what price, has also to be answered the question about an appropriate supplier. Supplier selection as well as the efficient inventory control can ...