PREFERENCE RANKING OF ALTERNATIVE IRRIGATION TECHNOLOGIES VIA A MULTICRITERION DECISION-MAKING PROCEDURE

1990 ◽  
Vol 33 (5) ◽  
pp. 1509 ◽  
Author(s):  
A. Tecle ◽  
M. Yitayew
Keyword(s):  
Decision Making ◽  
Preference Ranking ◽  
Irrigation Technologies ◽  
Multicriterion Decision Making ◽  
Alternative Irrigation

scholarly journals BİST’DE İŞLEM GÖREN KÂĞIT VE KÂĞIT ÜRÜNLERİ BASIM VE YAYIN İŞLETMELERİNİN TOPSİS, PROMETHEE VE COPRAS YÖNTEMLERİYLE FİNANSAL PERFORMANSLARININ BELİRLENMESİ

2018 ◽  
Vol 6 (3) ◽  
Author(s):  
Fatma AKYÜZ ◽  
Tolga YEŞİL ◽  
İsmail KARA ◽  
Gürsel ERSOY
Keyword(s):  
Decision Making ◽  
Financial Statements ◽  
Assessment Methods ◽  
Production Costs ◽  
Financial Ratios ◽  
Preference Ranking ◽  
Multi Criteria Decision Making ◽  
Public Disclosure ◽  
The Public ◽  
Period Performance

Paper and Paper Products in the printing and publishing sector, production costs have increased due to the recent dependence on imports. At this point, Paper and Paper Products Printing and Publishing sector has been preferred and the leading companies in the sector have been tried to be determined by multi-criteria decision making methods. In this study, the financial performances of the paper and paper products printing and publishing sector traded in Borsa Istanbul between the years of 2012-2017, which is one of the multi criteria decision making methods, are the most important decision making methods, PROMETHEE (Preference Ranking Organization Method for Enrichment Evaluation and COPRAS (Complex Proportional Assessment) methods. The research sample consisted of 14 companies listed in the BIST. Firstly, the financial ratios used in multi-criteria decision making methods were explained and then the application steps of TOPSİS, PROMETHEE and COPRAS methods were included. During the calculation of financial ratios, the financial statements of the related companies between the years 2012-2017 were used in the light of the data obtained from the Public Disclosure Platform. As a result of the research, the 6-period performance of the companies have rewieved, between the years 2012-2017 was evaluated with 10 financial ratios and the results were compared.

Selection of lean manufacturing systems using the PROMETHEE

2008 ◽  
Vol 3 (1) ◽  
pp. 40-70 ◽  
Author(s):  
G. Anand ◽  
Rambabu Kodali
Keyword(s):  
Decision Making ◽  
Lean Manufacturing ◽  
Manufacturing Systems ◽  
Strategic Decision ◽  
Computer Integrated Manufacturing ◽  
Preference Ranking ◽  
Manufacturing Strategy ◽  
Manufacturing Companies ◽  
Content Type

PurposeIn recent years, many manufacturing companies are attempting to implement lean manufacturing systems (LMS) as an effective manufacturing strategy to survive in a highly competitive market. Such a process of selecting a suitable manufacturing system is highly complex and strategic in nature. The paper aims to how companies make a strategic decision of selecting LMS as part of their manufacturing strategy, and on what basis such strategic decisions are made by the managers.Design/methodology/approachA case study of a small‐ and medium‐sized enterprise is presented, in which the managers are contemplating on implementing either computer integrated manufacturing systems (CIMS) or LMS. To supplement the decision‐making process, a multi‐criteria decision making (MCDM) model, namely, the preference ranking organisation method for enrichment evaluations (PROMETHEE) is used to analyse how it will impact the stakeholders of the organisation, and the benefits gained.FindingsAn extensive analysis of PROMETHEE model revealed that LMS was the best for the given circumstances of the case.Research limitations/implicationsThe same problem can be extended by incorporating the constraints (such as financial, technical, social) of the organisation by utilising an extended version of PROMETHEE called the PROMETHEE V. Since, a single case study approach has been utilised, the findings cannot be generalized for any other industry.Practical limitations/implicationsThe methodology of PROMETHEE and its algorithm has been demonstrated in a detailed way and it is believed that it will be useful for managers to apply such MCDM tools to supplement their decision‐making efforts.Originality/valueAccording to the authors’ knowledge there is no paper in the literature, which discusses the application of PROMETHEE in making a strategic decision of implementing LMS as a part of an organisation's manufacturing strategy.

Evaluation of energy sources based on sustainability factors using integrated fuzzy MCDM approach

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Santosh K. Saraswat ◽  
Abhijeet K. Digalwar
Keyword(s):  
Decision Making ◽  
Research Work ◽  
Economic Benefits ◽  
Decision Makers ◽  
Preference Ranking ◽  
Energy Sources ◽  
Content Type ◽  
Weighted Sum Method ◽  
Weight Calculation ◽  
Social Environmental

Purpose The purpose of this paper is to develop an integrated fuzzy multi-criteria decision-making (MCDM) model for evaluation of the energy alternates in India based on their sustainability. Design/methodology/approach A fuzzy analytical hierarchy process approach is used for the weight calculation of the criteria and the fuzzy technique for order preference by similarity to the ideal solution is used for ranking of the energy alternates. Seven energy sources – thermal, gas power, nuclear, solar, wind, biomass and hydro energy are considered for the assessment purpose on the basis of sustainability criteria, namely, economic, technical, social, environmental, political and flexible. Findings The result of the analysis shows that economics is the highest weight criterion, followed by environmental and technical criteria. Solar energy was chosen as the most sustainable energy alternate in India, followed by wind and hydro energy. Research limitations/implications Few other MCDM techniques such as VIseKriterijumska Optimizacija I Kompromisno Resenje (multi-criteria optimization and compromise solution), weighted sum method and preference ranking organization method for enrichment evaluations – II can also be explored for the sustainability ranking of the energy alternates. However, the present model has also provided a good result. Practical implications The present research work will help the decision-makers and organizations in the evaluation and prioritizing the various energy sources on the scale of sustainability. Social implications Research finding provides guidance to government and decision-makers regarding the development of social conditions through energy security, job creation and economic benefits. Originality/value Research work can be act as a supplement for the investors and decision-makers specifically in prioritizing the investment perspective and to support other multi-perspective decision-making problems.

Reducing Bias and Uncertainty in Multievaluator Multicriterion Decision Making

2013 ◽  
Vol 27 (2) ◽  
pp. 167-176 ◽  
Author(s):  
Mounir El Asmar ◽  
Wafik Boulos Lotfallah ◽  
Wei-Yin Loh ◽  
Awad S. Hanna
Keyword(s):  
Decision Making ◽  
Multicriterion Decision Making

Novel Multi-criteria Decision-making Approaches Based on Hesitant Fuzzy Sets and Prospect Theory

2016 ◽  
Vol 15 (03) ◽  
pp. 621-643 ◽  
Author(s):  
Juan-Juan Peng ◽  
Jian-Qiang Wang ◽  
Xiao-Hui Wu
Keyword(s):  
Decision Making ◽  
Fuzzy Sets ◽  
Prospect Theory ◽  
Hausdorff Distance ◽  
Comparison Method ◽  
Distance Measures ◽  
Preference Ranking ◽  
Multi Criteria Decision Making ◽  
The Novel ◽  
Hesitant Fuzzy Sets

Hesitant fuzzy sets (HFSs), an extension of fuzzy sets, are considered to be useful in solving decision making problems where decision makers are unable to choose between several values when expressing their preferences. The purpose of this paper is to develop two hesitant fuzzy multi-criteria decision making (MCDM) methods based on prospect theory (PT). First, the novel component-wise ordering method for two hesitant fuzzy numbers (HFNs) is defined; however, this method does not consider the length of the two HFNs. Second, by utilizing the directed Hausdorff distance between two imprecise point sets, the generalized hesitant Hausdorff distance is developed, which overcomes the shortcomings of the existing distance measures. Third, based on the proposed comparison method and distance, as well as PT, the extended TODIM and Preference Ranking Organization Method for Enrichment Evaluations (PROMETHEE) approaches are developed in order to solve MCDM problems with hesitant fuzzy information. Finally, a practical example is provided to illustrate the pragmatism and effectiveness of the proposed approaches. Sensitivity and comparison analyses are also conducted using the same example. The findings indicate that the proposed methods do not require complicated computation procedures, yet still yield a reasonable and credible solution.

scholarly journals Ranking of hydropower projects based on sustainability criteria in India using multicriteria decision making methods

2021 ◽  
Vol 12 (1) ◽  
pp. 75-90
Author(s):  
Anuja Shaktawat ◽  
Shelly Vadhera
Keyword(s):  
Decision Making ◽  
Sustainability Assessment ◽  
Multicriteria Decision Making ◽  
Preference Ranking ◽  
Energy Planning ◽  
Analytic Hierarchy ◽  
Multicriteria Decision ◽  
Promethee Ii ◽  
Sustainability Criteria ◽  
Hierarchy Process

Assessment of hydropower projects with respect to sustainability criteria is a multidimensional and complex issue. It requires considering technical, environmental, and social parameters instead of purely economic ones in decision making for energy planning. The flexibility to consider several criteria and objectives simultaneously leads to the use of multicriteria decision making (MCDM) methods which are well accepted in the field of energy planning. This paper aims at applying MCDM methods in facilitating the decision makers to select the most sustainable hydropower projects in the Indian region by making real and logical choices based on eight important criteria selected from the literature that are compatible with sustainable development. To comprehensively rank hydropower projects three MCDM methods are applied i.e., the technique for order of preference by similarity to ideal solution (TOPSIS), preference ranking organization method for enrichment evaluations (PROMETHEE II), and elimination and choice translating reality (ELECTRE III). Analytic hierarchy process (AHP) is used to calculate the weights of criteria. All three methods are well adapted for sustainability assessment and ranked Sharavathi (A9), Bhakra (A2), and Upper Indravati (A13) to be the most sustainable hydropower projects in India under the selected criteria. The study will be helpful in sustainable energy planning of hydropower projects with similar geographical conditions.

scholarly journals Ranking of hydropower projects based on sustainability criteria in India using multicriteria decision making methods

2021 ◽  
Vol 10 (3) ◽  
pp. 230
Author(s):  
Anuja Shaktawat ◽  
Shelly Vadhera
Keyword(s):  
Decision Making ◽  
Planning Process ◽  
Sustainability Assessment ◽  
Multicriteria Decision Making ◽  
Decision Makers ◽  
Preference Ranking ◽  
Analytic Hierarchy ◽  
The Sustainable Development ◽  
Promethee Ii ◽  
Sustainability Criteria

Assessment of hydropower projects with respect to sustainability criteria is a multidimensional and a complex issue that decision makers usually face during planning process. In hydropower projects, it is important to consider technical, environmental and social parameters instead of purely economic ones for sustainability assessment and decision making. Multi-criteria decision making (MCDM) methods offer a practical approach to a problem having conflicting criteria. The flexibility to consider several criteria and objectives simultaneously made MCDM methods well accepted in the field of energy planning. This paper aims for applicability of MCDM methods which will facilitate the decision makers to select the most sustainable hydropower projects by making real and logical choices based on various sustainability criteria. For comprehensively rank hydropower projects of Indian region based on sustainability criteria four MCDM methods are applied i.e., analytic hierarchy process (AHP), technique for order of preference by similarity to ideal solution (TOPSIS), preference ranking organization method for enrichment evaluations (PROMETHEE II) and elimination and choice translating reality (ELECTRE III). To ensure better decision making the eight criteria selected are compatible to the sustainable development of hydropower projects.

scholarly journals A Two-sided Matching Decision-making Approach based on PROMETHEE Under the Probabilistic Linguistic Environment

2021 ◽  
Author(s):  
Xiang Jia ◽  
Yingming Wang
Keyword(s):  
Decision Making ◽  
Lagrange Function ◽  
Preference Ranking ◽  
Matching Problem ◽  
Matching Problems ◽  
Objective Model ◽  
Intelligent Technology ◽  
Net Flows ◽  
Two Sides ◽  
Single Objective

Abstract Matching problems in daily life can be effectively solved by two-sided matching decision-making (TSMDM) approaches. The involved matching intermediary is to match two sides of subjects. This paper proposes a TSMDM approach based on preference ranking organization method (PROMETHEE) under the probabilistic linguistic environment. The probabilistic linguistic evaluations are firstly normalized and transformed to the benefit types. Then, the preference degrees of a subject over other subjects from the same side are obtained by using six types of preference function. Afterwards, groups of preference degrees of a subject are aggregated to the preference indexes by considering the weights of criteria. Hereafter, the preference degrees of a subject over other subjects from the same side are aggregated to the outgoing flow, while the preference degrees of other subjects from the same side over this subject are aggregated to the incoming flow. Furthermore, the net-flows, which is recognized as the satisfaction degrees are calculated by using outgoing flows to minus incoming flows. On the basis of this, the multi-objectives TSMDM model is built by considering the matching aspirations. A model with respect to the matching aspirations is built and solved by using the Lagrange function. The multi-objectives TSMDM model is further transformed to the single-objective model, the solution of which is the matching scheme. A matching problem related to the intelligent technology intermediary is solved to verify the effectiveness and the feasibility of the proposed approach.

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