• Title/Summary/Keyword: Decision Criteria

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A Generic Multi-Level Algorithm for Prioritized Multi-Criteria Decision Making

  • G., AlShorbagy;Eslam, Hamouda;A.S., Abohamama
    • International Journal of Computer Science & Network Security
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    • v.23 no.1
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    • pp.25-32
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    • 2023
  • Decision-making refers to identifying the best alternative among a set of alternatives. When a set of criteria are involved, the decision-making is called multi-criteria decision-making (MCDM). In some cases, the involved criteria may be prioritized by the human decision-maker, which determines the importance degree for each criterion; hence, the decision-making becomes prioritized multi-criteria decision-making. The essence of prioritized MCDM is raking the different alternatives concerning the criteria and selecting best one(s) from the ranked list. This paper introduces a generic multi-level algorithm for ranking multiple alternatives in prioritized MCDM problems. The proposed algorithm is implemented by a decision support system for selecting the most critical short-road requests presented to the transportation ministry in the Kingdom of Saudi Arabia. The ranking results show that the proposed ranking algorithm achieves a good balance between the importance degrees determined by the human decision maker and the score value of the alternatives concerning the different criteria.

An Effective Fuzzy Multi-Criteria Decision Making Methodology in the Intersectional Dependence Relations (교차종속관계하에서의 효율적인 퍼지 다기준의사결정법)

  • 심재홍;김정자
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.21 no.45
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    • pp.11-23
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    • 1998
  • This paper presents a more efficient evaluation of alternatives by use of multi-criteria decision making methodlogy under fuzzy intersectional dependence relations. The performance evaluation of most systems such as weapons, enterprise systems etc. are multiple criteria decision making problems. The descriptions and judgements on these systems are usually linguistic and fuzzy. The traditional methods of Analytic Hierarchy Process(AHP) are mainly used in crisp(non-fuzzy) decision applications with a very unbalanced scale of judgements and rank reversal. To overcome these problems, we will propose a new, general decision making method for evaluation models using fuzzy AHP(FAHP) under fuzzy intersectional dependence relations. The T.M.S alternatives A, B and C will be evaluted by the Fuzzy Analytic Hierachy Process (FAHP) based on entropy weight in this study. We will use symmetric triangular fuzzy numbers to indicate the relative strength of the elements in the hierachy and degree of intersection between criteria. These problems are evaluated by five criteria : tactical criteria, technology criteria, maintenance criteria, economy criteria, advacement criteria.

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An Empirical Study on Decision Criteria of Core Banking System Redevelopment Project (은행 기간시스템 전면 재개발 의사결정 기준에 대한 실증적 연구)

  • Lee, Kyung-Jo;Rhew, Sung-Yul;Kim, Sung Kun
    • Journal of Information Technology Applications and Management
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    • v.19 no.4
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    • pp.19-39
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    • 2012
  • Korean core banking system has been redeveloped twice in the last 30 years with big-bang method, but still needs innovation to meet everlasting business changes. The objective of this study is to identify which decision criteria lead to replacement decision of core baning system in spite of its huge investment and accompanying business risk. For the study, we conducted a survey to 64 decision makers working in banks and IT service companies, and analysed the data using factor analysis and multi-regression analysis method of SPSS. As a result, we extracted statistically valid decision model with 4 major decision criteria, which are IT external, IT internal, IT ecology and Executive's will factor. Among them, we concluded only IT internal and IT ecology criteria give significant influence over the replacement decision of existing core banking system.

The Impact of IT Project Size and Types on IT Investment Decision Criteria (IT프로젝트 규모와 유형에 따른 IT투자 의사결정기준의 차이)

  • Lee Kukhie
    • Journal of Information Technology Applications and Management
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    • v.12 no.1
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    • pp.191-211
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    • 2005
  • This study investigates the decision criteria used in the context of IT investment decision making and empirically analyzes the impact of IT project size and types on the importance of decision criteria. 5 criteria which have been extracted from the previous studies and industry practices are budget, financial benefits. strategic value. risk, and the degree of proposer's eagerness. Data of 120 IT project proposals have been collected from 5 companies including bank, insurance. and stock trading company. As results of ANOVA test. 7 out of 10 hypothesis have been accepted statistically. That is. the bigger the project size. the higher the evaluation weight of project budget and risk criteria and the lower the weight of proposer's eagerness. And in case of the infrastructure investment type. the emphasis is placed more on strategic value and risk criteria and less on financial benefit and proposer's eagerness. These findings provide insights for both IT practitioners and researchers.

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Study on Applicability of Multi-Criteria Decision Making Technique for Malfunctioning Reservoir Selection (기능저하 저수지 선정을 위한 다기준 의사결정기법 적용성 연구)

  • Shim, Hyun Chul;Choi, Kyung Sook
    • Journal of The Korean Society of Agricultural Engineers
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    • v.59 no.3
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    • pp.11-19
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    • 2017
  • The decision-making process is the act of finding the best solution among various alternatives through comparison between various criteria based on objectives of the project, evaluation standard, and conditions. However, in practice it is not easy to simply decide the optimum decision, especially for selecting malfunctioning reservoirs because no systematic evaluation criteria or standard assessment process are available. Therefore, this study adopted AHP method, which is a MCDM (multi-criteria decision making technique) to identify the malfunctioning reservoirs for efficient management of reservoirs. Important criteria of the selection of malfunctioning reservoirs and priority weights of each criteria were determined based on results of expert's survey under a stepwise hierarchical approach. The most important factor for the decision of malfunctioning reservoirs was obtained as Reservoir efficiency among the selected criteria including Reservoir efficiency decrease, Disaster Risk, Reservoir efficiency, Available water storage, Future water demand, Resident Needs. The AHP technique was applied on 11 reservoirs in Andong region to verify its applicability. Scoring method was applied for the comparison with the results of AHP method.

Multi-Criteria Decision-Making Model Using Quality Function Deployment (QFD) Method for the Most Suitable Temporary Earth Retaining System

  • Jung, Bae Yu;Byung, Cho Han;Jin, Han Sang;Won, Kwon;Ho, Jo Jae;Youl, Chun Jae
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.620-621
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    • 2015
  • In this study, the multi-criteria decision-making model based on Quality Function Deployment Method is proposed. Multicriteria decision-making is an attempt to link QFD method with the TOPSIS. By this effort, a model that makes client's decision-making more rational and objective in design phase is suggested. The multi-criteria decisionmaking model confirming to the Owner's requirements will improve the productivity of the construction industry and the satisfaction of the customer. Further study extending the range of the requirements, not only the Owner's requirement will be necessary to cover the various factors as much as possible. And then, finally as a flexible platform to achieve a sustainable quality management, web-based multi-criteria decision-making model can be utilized by the relevant stakeholders simultaneously with the feed-back and sharing the necessary informations.

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Multi-criteria Evaluation of Mobile Network Sharing Policies in Korea

  • Song, Young-Keun;Zo, Hangjung;Ciganek, Andrew P.
    • ETRI Journal
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    • v.36 no.4
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    • pp.572-580
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    • 2014
  • Mobile operators in saturated markets increasingly favor mobile network sharing (MNS) over facility-based competition. Previous research examining MNS primarily focused on its positive effects, while the negative effects were largely overlooked. This study proposes a decision-making model using an analytic hierarchy process technique to evaluate decision-making criteria among various types of MNS policies. The decision-making model was applied to Wireless Broadband services in Korea to determine the relative importance of both positive and negative evaluation criteria and preference among multiple types of MNS policies. Positive evaluation criteria (that is, efficiency) were far greater in importance than negative evaluation criteria (that is, competition harm). The preference for adopting MNS among five alternative approaches was also revealed. The study findings offer immediate policy insights in Korea and provide a decision-making framework for policy makers in other countries to utilize.

Disaster Recovery Priority Decision of Total Information System for Port Logistics : Fuzzy TOPSIS Approach (항만물류종합정보시스템의 재난복구 우선순위결정 : 퍼지 TOPSIS 접근방법)

  • Kim, Ki-Yoon;Kim, Do-Hyeong
    • Journal of Information Technology Services
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    • v.11 no.3
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    • pp.1-16
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    • 2012
  • This paper is aimed to present a fuzzy decision-making approach to deal with disaster recovery priority decision problem in information system. We derive an evaluation approach based on TOPSIS(Technique for Order Performance by Similarity to Ideal Solution), to help disaster recovery priority decision of total information system for port logistics in a fuzzy environment where the vagueness and subjectivity are handled with linguistic terms parameterized by trapezoidal fuzzy numbers. This study applies the fuzzy multi-criteria decision-making method to determine the importance weight of evaluation criteria and to synthesize the ratings of candidate disaster recovery system. Aggregated the evaluators' attitude toward preference, then TOPSIS is employed to obtain a crisp overall performance value for each alternative to make a final decision. This approach is demonstrated with a real case study involving 4 evaluation criteria(system dependence, RTO, loss, alternative business support), 7 information systems for port logistics assessed by 5 evaluators from Maritime Affairs and Port Office.

Optimistic vs Pessimistic Use of Incomplete Weights in Multiple Criteria Decision Making

  • Park, K. Sam;Lee, Pyoungsoo
    • Management Science and Financial Engineering
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    • v.21 no.2
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    • pp.9-11
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    • 2015
  • This note is concerned with the use of incomplete weights in multiple criteria decision making. In an earlier study, an optimistic use of incomplete weights is developed to prioritize decision alternatives, which applies the most favorable set of weights to the alternative to be evaluated. In this note, we develop a method for a pessimistic use, thereby applying the least favorable weight set to the evaluated alternative. This development makes possible a more detailed prioritization of competing alternatives, and hence enhances decision-making powers.

Comparison among Algorithms for Decision Tree based on Sasang Constitutional Clinical Data (사상체질 임상자료 기반 의사결정나무 생성 알고리즘 비교)

  • Jin, Hee-Jeong;Lee, Su-Kyung;Lee, Si-Woo
    • Korean Journal of Oriental Medicine
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    • v.17 no.2
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    • pp.121-127
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    • 2011
  • Objectives : In the clinical field, it is important to understand the factors that have effects on a certain disease or symptom. For this, many researchers apply Data Mining method to the clinical data that they have collected. One of the efficient methods for Data Mining is decision tree induction. Many researchers have studied to find the best split criteria of decision tree; however, various split criteria coexist. Methods : In this paper, we applied several split criteria(Information Gain, Gini Index, Chi-Square) to Sasang constitutional clinical information and compared each decision tree in order to find optimal split criteria. Results & Conclusion : We found BMI and body measurement factors are important factors to Sasang constitution by analyzing produced decision trees with different split measures. And the decision tree using information gain had the highest accuracy. However, the decision tree that produced highest accuracy is changed depending on given data. So, researcher have to try to find proper split criteria for given data by understanding attribute of the given data.