In today’s era, managerial decision making has become a very momentous component due to the leverage of attention on achieving organizational goal i.e. enhancing effective utilization of input assets, satisfying customers’ demand and minimizing loss (maximize profit). The evaluation of the most appropriate Computer Numerical Control (CNC) machine tool has become one of the key factors for susta...

Investment managers are multi-objective decision-makers (DMs) who make portfolio decisions by maximizing profits and minimizing risks over a multi-period planning horizon. Portfolio decisions are complex multi-objective problems which include both tangible and intangible factors. We propose an integrated multi-objective framework for project portfolio selection with respect to both the profits ...

Abstract The quantitative multiple criteria decision making methods are practical to use in decision support systems. In this paper we analyses the quantitative multiple criteria decision making methods and sensitivity analysis methods usage in decision support systems. Both species of these methods are strongly mathematically based. We take notice of sensitivity of these methods to initial dat...

The supplier selection process attracted a lot of attention in the business management literature. This process takes into consideration several quantitative and qualitative variables and is usually modeled as a multi-attribute decision making (MADM) problem. A recognized shortcoming in the literature of classical MADM methods is that they don’t permit the identification of interdependencies am...

This paper describes an application of multi-criteria decision making (MCDM) for multi-modal fusion of features in a 3D face recognition system. A decision making process is outlined that is based on the performance of multi-modal features in a face recognition task involving a set of 3D face databases. In particular, the fuzzy interval valued MCDM technique called TOPSIS is applied for ranking...

Many real-world tasks require making decisions that involve multiple possibly conflicting objectives. To succeed in such tasks, intelligent systems need planning or learning algorithms that can e ciently find di↵erent ways of balancing the trade-o↵s that such objectives present. In this tutorial, we provide an introduction to decision-theoretic approaches to coping with multiple objectives. We ...

since lean concept has appeared many works have been done on decreasing or even eliminating of wastes such as extra inventory. although these studies have not taken into account expected availability seriously. so in this paper, a multiple objective decision making (modm) model has been developed by viewpoint of these subjects. they are decreasing wastes and increasing system availability. wast...