Adapting the Hypervolume Quality Indicator to Quantify Trade-offs and Search Efficiency for Multiple Criteria Decision Making Using Pareto Fronts

2012 ◽  
Vol 29 (8) ◽  
pp. 1117-1133 ◽  
Author(s):  
Lu Lu ◽  
Christine M. Anderson-Cook
2021 ◽  
Vol 10 (4) ◽  
pp. 451-462
Author(s):  
Jenny Milena Moreno Rodriguez ◽  
Takanni Hannaka Abreu Kang ◽  
Eduarda Asfora Frej ◽  
Adiel Teixeira de Almeida

Investments in the agricultural sector represented by innovations and new technologies strongly influence the economic growth in developing countries. In this context, purchasing decisions have become more relevant. Multiple-criteria decision-making techniques are well suited for decision-makers (DMs) who are considering the introduction of new technologies. In this paper, a multi-criteria model is built to help a Colombian agricultural research company make decisions on purchasing different laboratory equipment. A compensatory approach based on trade-offs is used to elicit the preferences of a group of DMs. The high number of answers and cognitive effort required from them during the elicitation process led to using an alternative approach based on partial information, called the FITradeoff (The Flexible and Interactive Tradeoff) method. It showed to be the best fit to solve the company’s purchasing problem and allowed its managers to make decisions that consider criteria other than price, taking account of the DMs’ conflicting viewpoints. The proposed model aimed at contributing to the articulation of the end-user knowledge in decision-making in order to ensure effective articulation of actors and strengthening of science, technology and innovation in agriculture.


Mathematics ◽  
2021 ◽  
Vol 9 (13) ◽  
pp. 1554
Author(s):  
Dragiša Stanujkić ◽  
Darjan Karabašević ◽  
Gabrijela Popović ◽  
Predrag S. Stanimirović ◽  
Muzafer Saračević ◽  
...  

The environment in which the decision-making process takes place is often characterized by uncertainty and vagueness and, because of that, sometimes it is very hard to express the criteria weights with crisp numbers. Therefore, the application of the Grey System Theory, i.e., grey numbers, in this case, is very convenient when it comes to determination of the criteria weights with partially known information. Besides, the criteria weights have a significant role in the multiple criteria decision-making process. Many ordinary multiple criteria decision-making methods are adapted for using grey numbers, and this is the case in this article as well. A new grey extension of the certain multiple criteria decision-making methods for the determination of the criteria weights is proposed. Therefore, the article aims to propose a new extension of the Step-wise Weight Assessment Ratio Analysis (SWARA) and PIvot Pairwise Relative Criteria Importance Assessment (PIPRECIA) methods adapted for group decision-making. In the proposed approach, attitudes of decision-makers are transformed into grey group attitudes, which allows taking advantage of the benefit that grey numbers provide over crisp numbers. The main advantage of the proposed approach in relation to the use of crisp numbers is the ability to conduct different analyses, i.e., considering different scenarios, such as pessimistic, optimistic, and so on. By varying the value of the whitening coefficient, different weights of the criteria can be obtained, and it should be emphasized that this approach gives the same weights as in the case of crisp numbers when the whitening coefficient has a value of 0.5. In addition, in this approach, the grey number was formed based on the median value of collected responses because it better maintains the deviation from the normal distribution of the collected responses. The application of the proposed approach was considered through two numerical illustrations, based on which appropriate conclusions were drawn.


2021 ◽  
pp. 1-18
Author(s):  
ShuoYan Chou ◽  
Truong ThiThuy Duong ◽  
Nguyen Xuan Thao

Energy plays a central part in economic development, yet alongside fossil fuels bring vast environmental impact. In recent years, renewable energy has gradually become a viable source for clean energy to alleviate and decouple with a negative connotation. Different types of renewable energy are not without trade-offs beyond costs and performance. Multiple-criteria decision-making (MCDM) has become one of the most prominent tools in making decisions with multiple conflicting criteria existing in many complex real-world problems. Information obtained for decision making may be ambiguous or uncertain. Neutrosophic is an extension of fuzzy set types with three membership functions: truth membership function, falsity membership function and indeterminacy membership function. It is a useful tool when dealing with uncertainty issues. Entropy measures the uncertainty of information under neutrosophic circumstances which can be used to identify the weights of criteria in MCDM model. Meanwhile, the dissimilarity measure is useful in dealing with the ranking of alternatives in term of distance. This article proposes to build a new entropy and dissimilarity measure as well as to construct a novel MCDM model based on them to improve the inclusiveness of the perspectives for decision making. In this paper, we also give out a case study of using this model through the process of a renewable energy selection scenario in Taiwan performed and assessed.


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