The paper proposed a linguistic PROMETHEE approach for making investment portfolio decision. First, we both consider quantitative and qualitative information of each stock and use 2-tuple linguistic value for experts to express their opinions to obtain qualitative information with respect to all evaluation criteria. Then, the transformation method of 2-tuple linguistic variable is applied to ag...

This paper discusses the strengths and weaknesses of the Preference Ranking Organisation MeTHod for Enrichment Evaluations (PROMETHEE) and analytic hierarchy process (AHP) methods. Building upon this analysis, recommendations are formulated to integrate into PROMETHEE a number of useful AHP features, especially as regards the design of the decision-making hierarchy (ordering of goals, sub-goals...

Abstract PROMETHEE is an important method for multi-criteria decision-making. Inspired by ensemble methods, this paper proposes an ensemble PROMETHEE II model, in which multiple preference functions are used to reduce the risk of choosing a particularly preference function. One example of competitiveness evaluation of the ports of Circum-Bohai-Sea is included to illustrate the proposed method. ...

This paper introduces the application of the multicriteria method Promethee II to the selection of a portfolio manager. Such application involves four main steps: (1) defining the list of potential actions or solutions to the problem; (2) defining the list of relevant criteria; (3) evaluating the performance of each action based on each criterion; and (4) aggregating these performances with the...

Eliciting the preferences of a decision maker is a crucial step when applying multi-criteria decision aid methods on real applications. Yet it remains an open research question, especially in the context of the Promethee methods. In this paper, we propose a bi-objective optimization model to tackle the preference elicitation problem. Its main advantage over the widely spread linear programming ...

Forthcoming wireless environment is a fusion of numerous networks with diverse technologies deployed by individual operators. In such an environment, innovative network selection methodologies are required not only to provide “always best connected” service to mobile users but also to maximize network operator’s revenue. To fulfill such requirements, multiple attributes from each network are to...

The fundamental objective of supply chain management (SCM) is to integrate various suppliers to satisfy market demand. Supplier evaluation and selection is very important for establishing an effective supply chain. As a matter of fact, supplier selection consists of both qualitative and quantitative criteria, so it is considered as a multi criteria decision making (MCDM) problem. Under incomple...

Physical and chemical properties of biodiesel are influenced by structural features of the fatty acids, such as chain length, degree of unsaturation and branching of the carbon chain. This study investigated if microalgal fatty acid profiles are suitable for biodiesel characterization and species selection through Preference Ranking Organisation Method for Enrichment Evaluation (PROMETHEE) and ...

0957-4174/$ see front matter 2011 Elsevier Ltd. A doi:10.1016/j.eswa.2011.03.043 ⇑ Corresponding author. Tel.: +90 3125823803; fax E-mail address: [email protected] (B. Yilma With the labor and material, equipments will be used in production processes, are one of the essential components of the production systems. Equipments used in production process are an important subject, effecting t...

The selection of remedial alternatives for mine sites is a complex task because it involves multiple criteria and often with conflicting objectives. However, an existing framework used to select remedial alternatives lacks multicriteria decision analysis (MCDA) aids and does not consider uncertainty in the selection of alternatives. The objective of this paper is to improve the existing framewo...