scholarly journals Fuzzy Multiobjective Reliability Optimization Problem of Industrial Systems Using Particle Swarm Optimization

2013 ◽  
Vol 2013 ◽  
pp. 1-9 ◽  
Author(s):  
Harish Garg
Keyword(s):  
Decision Making ◽  
Optimization Problem ◽  
Decision Makers ◽  
Reliability Optimization ◽  
Imprecise Data ◽  
Design Problems ◽  
Industrial Systems ◽  
Conflicting Objectives ◽  
Decision Making Problem ◽  
Practical Constraints

The present work investigates the reliability optimization problem of the repairable industrial systems by utilizing uncertain, limited, and imprecise data. In many practical situations where reliability enhancement is involved, the decision making is complicated because of the presence of several mutually conflicting objectives. Moreover, data collected or available for the systems are vague, ambiguous, qualitative, and imprecise in nature due to various practical constraints and hence create some difficulties in optimizing the design problems. To handle these problems, this work presents an interactive method for solving the fuzzy multiobjective optimization decision-making problem, which can be used for the optimization decision making of the reliability with two or more objectives. Based on the preference of the decision makers toward the objectives, fuzzy multi-objective optimization problem is converted into crisp optimization problem and then solved with evolutionary algorithm. The proposed approach has been applied to the decomposition unit of a urea fertilizer plant situated in the northern part of India producing 1500–2000 metric tons per day.

scholarly journals Multi-objective Optimization Algorithms with the Island Metaheuristic for Effective Project Management Problem Solving

Organizacija ◽  
2017 ◽  
Vol 50 (4) ◽  
pp. 364-373 ◽  
Author(s):  
Christina Brester ◽  
Ivan Ryzhikov ◽  
Eugene Semenkin
Keyword(s):  
Decision Making ◽  
Project Management ◽  
Optimization Problem ◽  
Decision Makers ◽  
Management Problem ◽  
Multi Objective Optimization ◽  
Financial Investment ◽  
Financial Responsibility ◽  
Multi Objective ◽  
Decision Making Problem

Abstract Background and Purpose: In every organization, project management raises many different decision-making problems, a large proportion of which can be efficiently solved using specific decision-making support systems. Yet such kinds of problems are always a challenge since there is no time-efficient or computationally efficient algorithm to solve them as a result of their complexity. In this study, we consider the problem of optimal financial investment. In our solution, we take into account the following organizational resource and project characteristics: profits, costs and risks. Design/Methodology/Approach: The decision-making problem is reduced to a multi-criteria 0-1 knapsack problem. This implies that we need to find a non-dominated set of alternative solutions, which are a trade-off between maximizing incomes and minimizing risks. At the same time, alternatives must satisfy constraints. This leads to a constrained two-criterion optimization problem in the Boolean space. To cope with the peculiarities and high complexity of the problem, evolution-based algorithms with an island meta-heuristic are applied as an alternative to conventional techniques. Results: The problem in hand was reduced to a two-criterion unconstrained extreme problem and solved with different evolution-based multi-objective optimization heuristics. Next, we applied a proposed meta-heuristic combining the particular algorithms and causing their interaction in a cooperative and collaborative way. The obtained results showed that the island heuristic outperformed the original ones based on the values of a specific metric, thus showing the representativeness of Pareto front approximations. Having more representative approximations, decision-makers have more alternative project portfolios corresponding to different risk and profit estimations. Since these criteria are conflicting, when choosing an alternative with an estimated high profit, decision-makers follow a strategy with an estimated high risk and vice versa. Conclusion: In the present paper, the project portfolio decision-making problem was reduced to a 0-1 knapsack constrained multi-objective optimization problem. The algorithm investigation confirms that the use of the island meta-heuristic significantly improves the performance of genetic algorithms, thereby providing an efficient tool for Financial Responsibility Centres Management.

A Soft Hierarchical Process Approach for Decision Making in A Supply Chain

2015 ◽  
Vol 4 (1and2) ◽  
Author(s):  
Rajeev Dhingra ◽  
Preetvanti Singh
Keyword(s):  
Decision Making ◽  
Process Approach ◽  
Decision Makers ◽  
Analytic Hierarchy ◽  
Conflicting Objectives ◽  
Realistic View ◽  
Hierarchy Process ◽  
Pair Wise Comparison ◽  
Supplier Selection Problem ◽  
Selection Of

Decision problems are usually complex and involve evaluation of several conflicting criteria (parameters). Multi Criteria Decision Making (MCDM) is a promising field that considers the parallel influence of all criteria and aims at helping decision makers in expressing their preferences, over a set of predefined alternatives, on the basis of criteria (parameters) that are contradictory in nature. The Analytic Hierarchy Process (AHP) is a useful and widespread MCDM tool for solving such type of problems, as it allows the incorporation of conflicting objectives and decision makers preferences in the decision making. The AHP utilizes the concept of pair wise comparison to find the order of criteria (parameters) and alternatives. The comparison in a pairwise manner becomes quite tedious and complex for problems having eight alternatives or more, thereby, limiting the application of AHP. This paper presents a soft hierarchical process approach based on soft set decision making which eliminates the least promising candidate alternatives and selects the optimum(potential) ones that results in the significant reduction in the number of pairwise comparisons necessary for the selection of the best alternative using AHP, giving the approach a more realistic view. A supplier selection problem is used to illustrate the proposed approach.

scholarly journals A Multi-Criteria Decision Support Concept for Selecting the Optimal Contractor

2021 ◽  
Vol 11 (4) ◽  
pp. 1660 ◽  
Author(s):  
Ivan Marović ◽  
Monika Perić ◽  
Tomaš Hanak
Keyword(s):  
Decision Making ◽  
Decision Support ◽  
Project Performance ◽  
Decision Makers ◽  
Construction Project Management ◽  
Analytic Hierarchy ◽  
Conflicting Demands ◽  
Decision Making Problem ◽  
Scientific Approach ◽  
Hierarchy Process

A way to minimize uncertainty and achieve the best possible project performance in construction project management can be achieved during the procurement process, which involves selecting an optimal contractor according to “the most economically advantageous tender.” As resources are limited, decision-makers are often pulled apart by conflicting demands coming from various stakeholders. The challenge of addressing them at the same time can be modelled as a multi-criteria decision-making problem. The aim of this paper is to show that the analytic hierarchy process (AHP) together with PROMETHEE could cope with such a problem. As a result of their synergy, a decision support concept for selecting the optimal contractor (DSC-CONT) is proposed that: (a) allows the incorporation of opposing stakeholders’ demands; (b) increases the transparency of decision-making and the consistency of the decision-making process; (c) enhances the legitimacy of the final outcome; and (d) is a scientific approach with great potential for application to similar decision-making problems where sustainable decisions are needed.

A New Optimization Method for Supplier Evaluation in the Context of Volume Discount

2011 ◽  
pp. 64-75
Author(s):  
Reza Farzipoor Saen
Keyword(s):  
Decision Making ◽  
Supplier Selection ◽  
Selection Process ◽  
Multiple Criteria Decision Making ◽  
Optimization Method ◽  
Multiple Criteria ◽  
Supplier Evaluation ◽  
Imprecise Data ◽  
Common Criteria ◽  
Decision Making Problem

Supplier selection is a multiple criteria decision making problem that the selection process mainly involves evaluating a number of suppliers according to a set of common criteria for selecting suppliers to meet business needs. Suppliers usually offer volume discounts to encourage the buyers to order more. To select suppliers in the presence of both volume discounts and imprecise data, this chapter proposes an optimization method. A numerical example demonstrates the application of the proposed method.

An Integrated Intuitionistic Fuzzy MCDM Approach to Select Cloud-Based ERP System for SMEs

2019 ◽  
Vol 18 (06) ◽  
pp. 1875-1908
Author(s):  
Akshay Hinduja ◽  
Manju Pandey
Keyword(s):  
Decision Making ◽  
Decision Makers ◽  
Managerial Decision ◽  
Erp System ◽  
Intuitionistic Fuzzy ◽  
Decision Making Problem ◽  
Fuzzy Preference Relations ◽  
Priority Method ◽  
Selection Of

ERP system is a software package that integrates and manages all the facets of the business and deeply influences the success of a business endeavor. The increasing competition in the market, rapidly changing demands, and increasing intricacy of business procedures induce enterprises to adopt ERP solutions. Adopting an ERP solution increases synchronization between business activities and reinforces managerial decision-making. However, it also involves a large investment, a significant amount of human resources and time, and risk of failure. Therefore, the selection of an ERP solution is a crucial decision for enterprises. To address this decision-making problem, we propose a four-stage multi-criteria decision-making approach in this paper. Three prevalent MCDM techniques, DEMATEL, IF-ANP, and IF-AHP, are used in different stages of the methodology to achieve better outcomes. The methodology incorporates the intuitionistic fuzzy sets to capture uncertainty and hesitancy involved in decision makers’ judgments. In addition, we develop a novel priority method to derive weights from the intuitionistic fuzzy preference relations. To validate the feasibility of the proposed approach, a case study is carried out on the selection of cloud-based ERP system for SMEs in the Chhattisgarh state of India, which indicates that the proposed four-stage approach effectively handles the ERP selection problem.

scholarly journals Fuzzy Group Decision Making for Multiobjective Problems: Tradeoff between Consensus and Robustness

2013 ◽  
Vol 2013 ◽  
pp. 1-9 ◽  
Author(s):  
Jian Xiong ◽  
Xu Tan ◽  
Ke-wei Yang ◽  
Ying-wu Chen
Keyword(s):  
Decision Making ◽  
Group Decision Making ◽  
Group Decision ◽  
Reference Points ◽  
Decision Makers ◽  
Decision Support Model ◽  
Multiobjective Problems ◽  
Conflicting Objectives ◽  
Consensus Measure ◽  
Fuzzy Group Decision Making

Many decision making problems involve multiple decision makers and conflicting objectives. This paper refers to this kind of problems as group decision making for multiobjective problems (GDM-MOP). The task of GDM-MOP is to select final solution(s) from a set of nondominated solutions according to the decision makers' preferences. However, it is common that the preference could be imprecise. We study the GDM-MOP where preferences are expressed by fuzzy reference points, called as fuzzy GDMMOP (FGDM-MOP). This paper provides a decision support model to simultaneously consider two measures for FGDM-MOP: consensus measure and robustness measure. The former is used to reflect the acceptable degree of a solution by the decision making group, while the latter indicates a solution's ability to cope with any change on preferences. A multiobjective evolutionary approach is presented to solve the problem. Finally, a modified benchmark function is studied to illustrate the proposed approach.

A Decision Making Model for Urban Mass Transit Planning

2012 ◽  
Vol 178-181 ◽  
pp. 1898-1903
Author(s):  
Cheng Bing Li ◽  
Kui Yang
Keyword(s):  
Decision Making ◽  
Group Decision Making ◽  
Decision Model ◽  
Group Decision ◽  
Multiple Objectives ◽  
Decision Makers ◽  
Transit Planning ◽  
Entropy Weight ◽  
Decision Making Problem ◽  
Urban Mass Transit

The urban transit network planning is considered as a group decision making problem with multiple objectives and multiple decision makers, due to the its planning characteristics. A new group decision making method is presented to overcome the problem in current group decision making. With the idea of integration and collaboration, the group decision making problem is turned into the group decision making with multiple objectives and decision makers, and the two stage decision model is established. The dynamic index is transformed into static index with the dynamic multi-valued context, and the first stage decision model is established by entropy weight theory. The weight is given by experts with cluster analysis, and the aggregation model of group decision making is established with relative entropy, in the second stage.

scholarly journals Interval-Valued Intuitionistic Fuzzy Multicriteria Group Decision Making Based on VIKOR and Choquet Integral

2013 ◽  
Vol 2013 ◽  
pp. 1-16 ◽  
Author(s):  
Chunqiao Tan ◽  
Xiaohong Chen
Keyword(s):  
Decision Making ◽  
Group Decision Making ◽  
Group Decision ◽  
Choquet Integral ◽  
Decision Makers ◽  
Intuitionistic Fuzzy ◽  
Fuzzy Environment ◽  
Decision Making Problem ◽  
Multicriteria Group Decision Making ◽  
Interval Valued

An effective decision making approach based on VIKOR and Choquet integral is developed to solve multicriteria group decision making problem with conflicting criteria and interdependent subjective preference of decision makers in a fuzzy environment where preferences of decision makers with respect to criteria are represented by interval-valued intuitionistic fuzzy sets. First, an interval-valued intuitionistic fuzzy Choquet integral operator is given. Some of its properties are investigated in detail. The extended VIKOR decision procedure based on the proposed operator is developed for solving the multicriteria group decision making problem where the interactive criteria weight is measured by Shapley value. An illustrative example is given for demonstrating the applicability of the proposed decision procedure for solving the multi-criteria group decision making problem in interval-valued intuitionistic fuzzy environment.

scholarly journals Final report of the NOR project "Management of reindeer pastures under uncertainty" Report title: "A decision-tool for adaptation of reindeer herds to rangeland: the user's manual".

Rangifer ◽  
2003 ◽  
Vol 23 (4) ◽  
pp. 1
Author(s):  
Erling Moxnes ◽  
Öje Danell ◽  
Eldar Gaare ◽  
Jouko Kumpula
Keyword(s):  
Decision Making ◽  
Project Management ◽  
Present Report ◽  
Decision Makers ◽  
Final Report ◽  
Imprecise Data ◽  
Decision Tool ◽  
Nordic Council ◽  
Council Of Ministers ◽  
Complicated Task

The management of reindeer ranges is a complicated task as indicated both by the complexity of the normative analyses required and the mismanagement observed in real and laboratory settings. The present report is a user's manual to a decision-tool that attempts to strike a balance between complex normative analyses and practical decision-making. A simulator is provided to give decision-makers experience with the tool and to build intuition for strategies. Several cases are used to illustrate the use of the decision-tool and to demonstrate how even scarce and imprecise data can yield important insights. The project has been financed by "Nordisk ministerråd" ("Nordic Council of Ministers") under the program "Nordiska miljöstrategin för jord- och skogsbruk 1996-1999" ("Nordic Environmental Strategies for Agriculture and Forestry 1996-1999"). It was initiated and administered by "Nordisk organ for reinforskning" (NOR) ("Nordic Council for Reindeer Research").

scholarly journals A Method of Determining Multi-Attribute Weights Based on Single-Valued Neutrosophic Numbers and Its Application in TODIM

Symmetry ◽  
2019 ◽  
Vol 11 (4) ◽  
pp. 506 ◽  
Author(s):  
Dongsheng Xu ◽  
Yanran Hong ◽  
Kaili Xiang
Keyword(s):  
Decision Making ◽  
Decision Makers ◽  
Entropy Weight ◽  
Attribute Weights ◽  
Attribute Weight ◽  
Decision Making Problem ◽  
Entropy Weight Method ◽  
Todim Method ◽  
Multi Attribute Decision Making ◽  
Weight Method

In this paper, the TODIM method is used to solve the multi-attribute decision-making problem with unknown attribute weight in venture capital, and the decision information is given in the form of single-valued neutrosophic numbers. In order to consider the objectivity and subjectivity of decision-making problems reasonably, the optimal weight is obtained by combining subjective weights and objective weights. Subjective weights are given directly by decision makers. Objective weights are obtained by establishing a weight optimization model with known decision information, then this method will compare with entropy weight method. These simulation results also validate the effectiveness and reasonableness of this proposed method.

Sign in / Sign up

Export Citation Format

Share Document