scholarly journals Decision-Making Methodologies for Reuse of Industrial Assets

Complexity ◽  
2018 ◽  
Vol 2018 ◽  
pp. 1-17 ◽  
Author(s):  
J. Claver ◽  
A. García-Domínguez ◽  
M. A. Sebastián
Keyword(s):  
Decision Making ◽  
Decision Support Techniques ◽  
Decision Making Process ◽  
Final Decision ◽  
Analytic Hierarchy ◽  
Future Developments ◽  
Cultural Interest ◽  
Hierarchy Process ◽  
Multicriteria Decision Support

When there is a social consensus that industrial assets are in fact heritage elements of cultural interest, their conservation and reuse must be considered with approaches that offer greater guarantees and that prevent their exposure to aggressive actions. In order for this to materialise, many aspects must be included in the decision-making process, from the characteristics of an asset and its surroundings, to the valuable aspects that distinguish it and that must be protected. This study aims to develop tools that guide the decision-making process regarding the most appropriate activity for each specific case study. Multicriteria Decision Support Techniques are evaluated as adequate support to create a proposal that fulfils these objectives. Furthermore, the Analytic Hierarchy Process is adapted to develop methodologies for assessing both the heritage value and the most compatible uses according to the characteristics of the asset. Subsequently, they are connected and such considerations regarding the heritage value of the asset are incorporated into the final decision. The tools developed are then applied to a case study to test their performance, assess their usefulness, and identify possible applications and future developments.

scholarly journals Аn example of different AHP structuring in a forest management problem

2016 ◽  
pp. 127-137
Author(s):  
Milena Lakicevic ◽  
Bojan Srdjevic ◽  
Ivaylo Velichkov ◽  
Zorica Srdjevic
Keyword(s):  
Decision Making ◽  
Forest Management ◽  
Analytic Hierarchy Process ◽  
Evaluation Procedure ◽  
Decision Making Process ◽  
Management Problem ◽  
Consistency Check ◽  
Analytic Hierarchy ◽  
Hierarchy Process

The paper investigates how different hierarchy structuring in analytic hierarchy process (AHP) may affect the final results in the decision-making process. This problem is analyzed in a case study of the Rila monastery forest stands in Bulgaria. There were three similar and mutually overlapped hierarchies defined. A decision maker evaluated all of them and after analyzing final results and consistency performance, he selected and revised the most appropriate hierarchy structure. Consistency check assisted in detecting the judgments which have strongly violated evaluation procedure. These mistakes are interpreted as a consequence of a large number of required pair-wise comparisons. The paper emphases the importance of properly defining hierarchy structure and recommends using consistency analysis as a guide and not as a directive for the revision of judgments.

scholarly journals Decision Tree and AHP Methods Application for Projects Assessment: A Case Study

2021 ◽  
Vol 13 (10) ◽  
pp. 5502
Author(s):  
Augustinas Maceika ◽  
Andrej Bugajev ◽  
Olga Regina Šostak ◽  
Tatjana Vilutienė
Keyword(s):  
Decision Making ◽  
Decision Tree ◽  
Construction Projects ◽  
Decision Making Process ◽  
Analytic Hierarchy ◽  
Model Stability ◽  
Proposed Model ◽  
Tree Methods ◽  
Hierarchy Process

This research is dedicated to the modelling of decision process occurring during the implementation of construction projects. Recent studies generally do not assess the robustness of the decisions regarding the possible changes during the construction project implementation. However, such an assessment might increase the reliability of the decision-making process. We addressed this gap through a new model that combines the decision-making process modelling with the AHP method and includes the analysis of model stability concerning stakeholders’ behaviour. We used the Analytic Hierarchy Process (AHP) and Decision tree methods to model the decision-making process. The proposed model was validated on a case study of multiple construction projects. The assessment was performed from individual investor’s and independent expert’s perspectives. The criteria for the assessment were selected according to the principles of sustainability. We performed the sensitivity analysis, making it possible to assess the possible changes of the decisions depending on the potential patterns of the decision-makers’ behaviour. The results of the study show that, sometimes, small fluctuations in the project factors affect the project selection indicating the possible lack of the robustness of the project decisions.

scholarly journals MULTI CRITERIA DECISION MAKING – RANKING AND PROMOTING EMPLOYEES

2019 ◽  
Vol 31 (5) ◽  
pp. 1235-1241
Author(s):  
Marina Badarovska Mishevska
Keyword(s):  
Decision Making ◽  
Decision Problem ◽  
Decision Makers ◽  
Decision Making Process ◽  
Specific Situation ◽  
Mathematical Tool ◽  
Analytic Hierarchy ◽  
The Right ◽  
Term Performance ◽  
Hierarchy Process

The analytic hierarchy process (AHP) is a structured technique for organizing and analyzing complex decisions, based on mathematics and psychology. The method was developed by Thomas L. Saaty in the 1970s and has been extensively studied and refined since then. It has particular application in group decision making and is used around the world in a wide variety of decision situation. Rather than prescribing a "correct" decision, the AHP helps decision makers choose one that best suits their goal and their understanding of the problem. The technique provides a comprehensive and rational framework for structuring a decision problem, for representing and quantifying its elements, for relating those elements to overall goals, and for evaluating alternative solutions. Decision making is the choice of one alternative, from two or more, to which the course of the activity is directed and the problem is solved. The decision-making process is a rational attempt by the manager to achieve the goals of the organizational unit. The decision-making process can be thought of as a "brain and nervous system" of an enterprise. Decisions are made when a person wants things to be different in the future. Given each specific situation, making the right decisions is probably one of the most difficult challenges for managers. Managers in day-to-day work deliver programmed and unprogrammed decisions that solve simple or complex problems. Simple decisions have an impact on the short-term performance of the enterprise, and complex decisions have an impact on the long-term future and success of the enterprise. Users of the AHP first decompose their decision problem into a hierarchy of more easily comprehended sub-problems, each of which can be analyzed independently. Once the hierarchy is built, the decision makers systematically evaluate its various elements by comparing them to each other two at a time, with respect to their impact on an element above them in the hierarchy. The AHP converts these evaluations to numerical values that can be processed and compared over the entire range of the problem. In this article, it is explained the application of the AHP method in order to evaluate and promote employees in the enterprise "X" with several criteria. The obtained results enable the manager to evaluate the employees in an objective way and make an objective decision for their promotion. Its application for selecting the best among employees, in their assessment and promotion, allows managers to use a specific and mathematical tool to support the decision. This tool not only supports and qualifies decisions, it also allows managers to justify their choice, as well as to simulate possible results.

Fuzzy Analytic Hierarchy Process and Its Application to E-Marketplace Selection

2013 ◽  
pp. 26-44 ◽  
Author(s):  
Beyza Ahlatcioglu Ozkok ◽  
Elisa Pappalardo
Keyword(s):  
Decision Making ◽  
Analytic Hierarchy Process ◽  
Fuzzy Ahp ◽  
Multi Criteria Decision Making ◽  
Linguistic Variables ◽  
Analytic Hierarchy ◽  
Multi Attribute Decision Making ◽  
Electronic Parts ◽  
Hierarchy Process

Making decisions is a part of daily life. The nature of decision-making includes multiple and usually conflicting criteria. Multi Criteria Decision-Making (MCDM) problems are handled under two main headings: Multi Attribute Decision Making (MADM) and Multi Objective Decision Making (MODM). Analytic Hierarchy Process (AHP) is a widely used multi-criteria decision making approach and has successfully been applied to many practical problems. Traditional AHP requires exact or crisp judgments (numbers). However, due to the complexity and uncertainty involved in real world decision problems, decision makers might be more reluctant to provide crisp judgments than fuzzy ones. Furthermore, even when people use the same words, individual judgments of events are invariably subjective, and the interpretations that they attach to the same words may differ. This is why fuzzy numbers and fuzzy sets have been introduced to characterize linguistic variables. Here, the authors overview the most known fuzzy AHP approaches and their application, and they present a case study to select an e-marketplace for a firm, which produces and sells electronic parts of computers in Turkey.

Fuzzy multi-criteria decision-making: An entropy-based approach to assess tourism sustainability

2019 ◽  
pp. 135481661988520
Author(s):  
Joseph Andria ◽  
Giacomo di Tollo ◽  
Raffaele Pesenti
Keyword(s):  
Decision Making ◽  
Evaluation Criteria ◽  
Multiple Criteria Decision Making ◽  
Data Envelopment ◽  
Analytic Hierarchy ◽  
Entropy Maximization ◽  
Tourist Destinations ◽  
Hierarchy Process ◽  
Direct Applicability

In this article, we propose a method for ranking tourist destinations and evaluating their performances under a sustainability perspective: a fuzzy multiple criteria decision-making method is applied for determining sustainability performance values and ranking destinations accordingly. We select a set of sustainability evaluation criteria and use a fuzzy analytic hierarchy process to weight the selected criteria. We also optimize each evaluator’s membership function support by means of a fuzzy entropy maximization criteria. A case study is illustrated and results are compared with two data envelopment analysis–based models. The simplicity of the proposed approach along with the easy readability of the results allow its direct applicability for all involved stakeholders.

scholarly journals Use of Analytic Hierarchy Process for Wind Farm Installation Region Prioritization–Case Study

Energies ◽  
2020 ◽  
Vol 13 (9) ◽  
pp. 2284 ◽  
Author(s):  
Rômulo Lemos Bulhões ◽  
Eudemário Souza de Santana ◽  
Alex Álisson Bandeira Santos
Keyword(s):  
Decision Making ◽  
Analytic Hierarchy Process ◽  
Wind Farm ◽  
Greenhouse Gas Emission ◽  
Wind Farms ◽  
Clean Energy ◽  
Poor Quality ◽  
Analytic Hierarchy ◽  
Hierarchy Process

Electricity generation via renewable sources is emerging as a possible solution to meet the growing demand for electricity worldwide. Additionally, the need to produce clean energy, with little or no pollutants or greenhouse gas emission is paramount. Due to these factors, wind farms are noticeably increasing in number, especially in Brazil. However, the vast size of the country and the poor quality of its infrastructure are among several factors that make it difficult for effective decision-making to accelerate the growth of this segment in Brazil. With the purpose of assisting government agencies, regulatory agencies and other institutions in this area, the use of a multi-criteria selection method called the analytic hierarchy process is proposed here to assist in decision-making and to select priority regions for implementing wind farms. This work focuses on a case study of the state of Bahia, in which 27 territories were selected for an installation priority evaluation. Computational tools were used to hierarchize these chosen territories, including Matlab, for the construction of the computational algorithm. The results indicate the priority pf the regions according to the established criteria, which allows installation locations to be mapped—these could serve as a basis for regional investment.

scholarly journals A Novel Neutrosophic Data Analytic Hierarchy Process for Multi-Criteria Decision Making Method: A Case Study in Kuala Lumpur Stock Exchange

IEEE Access ◽  
2019 ◽  
Vol 7 ◽  
pp. 53687-53697 ◽  
Author(s):  
Desmond Jun Yi Tey ◽  
Yee Fei Gan ◽  
Ganeshsree Selvachandran ◽  
Shio Gai Quek ◽  
Florentin Smarandache ◽  
...  
Keyword(s):  
Decision Making ◽  
Analytic Hierarchy Process ◽  
Stock Exchange ◽  
Multi Criteria Decision Making ◽  
Kuala Lumpur ◽  
Analytic Hierarchy ◽  
Hierarchy Process ◽  
Data Analytic
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