• Title/Summary/Keyword: Decision-making Model

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Multi-Criteria Group Decision Making Considering the Willingness to Reject and the Indifferent Preference (거부 및 무차별 선호 조건을 고려한 다기준 그룹 의사결정)

  • Choi, Ji-Yoon;Kim, Jae-Hee;Kim, Sheung-Kown
    • Journal of Korean Institute of Industrial Engineers
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    • v.38 no.1
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    • pp.57-66
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    • 2012
  • The paper deals with the development of a model for group decision making under multiple criteria. The Multi-criteria group decision making (MCGDM) is the process to determine the best compromise solution in a set of competing alternatives that are evaluated by decision makers having their own preferences on conflicting objectives. For MCGDM, we propose a Mixed-Integer Programming (MIP) model that implements a revised median approach by noticing that the original median approach cannot consider the willingness to reject and the indifferent preference conditions. The proposed MIP model tries to select a common best Pareto-optimal solution by maximizing the overall desirability considering the willingness to reject and the indifferent preference that represent the tolerance measure of each decision maker. To evaluate the effectiveness of the proposed model, we compared the results of the proposed model with those of the median approach. The results showed that the proposed MIP model produces more realistic and better compromised alternative by incorporating the decision maker's willingness to reject and the indifferent preferences over each criteria.

A Fuzzy AHP based Decision-making Model for SCM System Selection (SCM 시스템 선정을 위한 Fuzzy AHP 기반의 의사결정 모델)

  • Seo, Kwang-Kyu
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.30 no.3
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    • pp.158-164
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    • 2007
  • Supply Chain Management (SCM) system is a critical investment that can affect the competitiveness and performance of a company. Selection of a right SCM system is one of the critical issues. This paper presents the characteristic factors of SCM system and a Fuzzy AHP (Analytic Hierarchy Process) based decision-making model for SCM system evaluation and selection. This study focuses on quantitative factors, applying the fuzzy concept to various evaluative factors. The proposed model can systematically construct the objectives of SCM system selection to achieve the business goals. A empirical example demonstrates the feasibility of the proposed model and the model can help a company to make better decision-making in the SCM system selection problem.

Multicriteria Decision-Making Mehtodology Using Fuzzy Dependence Relations and Fuzzy Measure (퍼지종속관계 및 퍼지측도를 이용한 다기준평가방법)

  • 정택수;정규련
    • Journal of the Korean Institute of Intelligent Systems
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    • v.4 no.2
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    • pp.24-34
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    • 1994
  • Scientific involvement in complex decision-making system, characterized by multicriteria phenomena and fuzziness inherent in the structure of information, requires suitable methods. Especially, when powerful dependent criteria are introduced and their weighted value structure is ignorant, the systems are become more complex. This paper presents a fuzzy dependenced relation model and fuzzy measure model for this kind of multicriteria decision-making. The model we propose is based on fuzzy relation and fuzzy measure in fuzzy systems theory. For the application of the model, a numdrical example is quoted.

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Decision Making Model for Application of Manufacturing Production System in Construction Project (건설 구조물의 공장생산방식 적용 의사결정모델에 관한 연구)

  • Jin Eui-jae;Park Sang-hyuk;Chae Myung-jin;Han Seung-hun
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2004.11a
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    • pp.515-520
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    • 2004
  • Manufacturing Production System (MPS) has been widely accepted in construction area for the productivity improvement. However, the MPS does not always provide cost and time saving. It often caused more delays and increased project cost. Therefore the use of the MPS technique, systematic decision-making process is needed by reviewing various project parameters such as cost and time. This study includes extensive literature reviews and case studies on MPS. As a result, a decision-making model is proposed. The decision-making flowchart and decision-making model are developed in three steps: (1) identification and categorization of decision-making factors; (2) calculations of benefits, cost, and duration in accordance with the location and the production capacity of the factory; (3) comparisons of MPS and on-site assembly by varying the locations and sizes of the factory

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Impact of Quality Factors on Platform-based Decisions (플랫폼 기반 의사결정 품질 요인의 영향력 연구)

  • Sung Bok Yoon;Ho Jun Song;Wan Seon Shin
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.46 no.3
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    • pp.109-122
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    • 2023
  • As platforms become primary decision making tools, platforms for decision have been introduced to improve quality of decision results. Because, decision platforms applied augmented decision-making process which uses experiences and feedback of users. This process creates a variety of alternatives tailored for users' abilities and characteristics. However, platform users choose alternatives before considering significant quality factors based on securing decision quality. In real world, platform managers use an algorithm that distorts appropriate alternatives for their commercial benefits. For improving quality of decision-making, preceding researches approach trying to increase rational decision -making ability based on experiences and feedback. In order to overcome bounded rationality, users interact with the machine to approach the optional situation. Differentiated from previous studies, our study focused more on characteristics of users while they use decision platforms. This study investigated the impact of quality factors on decision-making using platforms, the dimensions of systematic factors and user characteristics. Systematic factors such as platform reliability, data quality, and user characteristics such as user abilities and biases were selected, and measuring variables which trust, satisfaction, and loyalty of decision platforms were selected. Based on these quality factors, a structural equation research model was created. A survey was conducted with 391 participants using a 7-point Likert scale. The hypothesis that quality factors affect trust was proved to be valid through path analysis of the structural equation model. The key findings indicate that platform reliability, data quality, user abilities, and biases affect the trust, satisfaction and loyalty. Among the quality factors, group bias of users affects significantly trust of decision platforms. We suggest that quality factors of decision platform consist of experience-based and feedback-based decision-making with the platform's network effect. Through this study, the theories of decision-making are empirically tested and the academic scope of platform-based decision-making has been further developed.

A SCM System Selection Problem using AHP Technique based on Benefit/Cost Analysis (편익/비용분석 기반의 AHP 기법을 이용한 SCM 시스템 선정 모델)

  • Seo, Kwang-Kyu
    • Journal of the Korea Safety Management & Science
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    • v.11 no.2
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    • pp.153-158
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    • 2009
  • An optimal selection problem of SCM system is one of the critical issues for the company's competitiveness and performance under global economy. This paper presents a hierarchy model consisted of characteristic factors for introducing SCM system and an AHP (Analytic Hierarchy Process) based decision-making model for SCM system evaluation and selection. The proposed model can systematically construct the objectives of SCM system selection to meet the business goals. This paper focuses on selecting an optimal SCM system considering both all decision factors and sub-decision factors of a hierarchy model. Especially, the benefit/cost analysis is applied to choose SCM system. A case study shows the feasibility of the proposed model and the model can help a company to make better decision-making in the SCM system selection problem.

Knowledge-based Decision Making using System Dynamics (시스템 다이나믹스를 이용한 지식 기반 의사결정)

  • Kim, Hee-Woong;Kwak, Sang-Man
    • IE interfaces
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    • v.13 no.1
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    • pp.17-28
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    • 2000
  • As knowledge has been recognized as a new resource in gaining organizational competitiveness, Knowledge Management (KM) is suggested as a method to manage and apply knowledge for business management. KM research, however, has focused on identifying, storing, and distributing the transaction-related knowledge in an organization. There has been little research on applying the knowledge to decision-making or strategy development that is the main task of business management. The application of knowledge to decision making has higher impact on organizational performance rather than just the knowledge management for process transaction. In this research, we suggest System Dynamics (SD) for the knowledge-based decision-making. Based on the modeling method of SD, we can translate partial and implicit knowledge resident in individual's mental model into organized explicit knowledge. The simulation test of the organized knowledge model enables decision-makers to understand the structure of the target problem and its behavior mechanism, which facilitates effective decision-making. We will compare the proposed method and other KM methods and discuss this research based on the application case to a real telecommunication company.

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Knowledge-based Decision Making on Strategic Problems (전략적 과제에 대한 지식기반의 의사결정)

  • Yim, Nam-Hong
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 2004.05a
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    • pp.595-598
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    • 2004
  • In recognizing knowledge as a new resource in gaining organizational competitiveness, knowledge management suggests a method in managing and applying knowledge for improving organizational performance. Much knowledge management research has focused on identifying, storing, and disseminating process related knowledge in an organized manner. Applying knowledge to decision making has a significant impact on organizational performance than solely processing transactions for knowledge management. In this research, we suggest a method of knowledge-based decision-making using system dynamics, with an emphasis to strategic problems. The proposed method transforms individual mental models into explicit knowledge by translating partial and implicit knowledge into an integrated knowledge model. The scenario-based test of the organized knowledge model enables decision-makers to understand the structure of the target problem and identify its basic cause, which facilitates effective decision-making. This method facilitates the linkage between knowledge management initiatives and achieving strategic goals and objectives of an organization.

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Flexible Integration of Models and Solvers for Intuitive and User-Friendly Model-Solution in Decision Support Systems (의사결정지원시스템에서 직관적이고 사용자 친숙한 모델 해결을 위한 모델과 솔버의 유연한 통합에 대한 연구)

  • Lee Keun-Woo;Huh Soon-Young
    • Journal of the Korean Operations Research and Management Science Society
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    • v.30 no.1
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    • pp.75-94
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    • 2005
  • Research in the decision sciences has continued to develop a variety of mathematical models as well as software tools supporting corporate decision-making. Yet. in spite of their potential usefulness, the models are little used in real-world decision making since the model solution processes are too complex for ordinary users to get accustomed. This paper proposes an intelligent and flexible model-solver integration framework that enables the user to solve decision problems using multiple models and solvers without having precise knowledge of the model-solution processes. Specifically, for intuitive model-solution, the framework enables a decision support system to suggest the compatible solvers of a model autonomously without direct user intervention and to solve the model by matching the model and solver parameters intelligently without any serious conflicts. Thus, the framework would improve the productivity of institutional model solving tasks by relieving the user from the burden of leaning model and solver semantics requiring considerable time and efforts.

A decision making framework model for the selection of a RP using hybrid multiple attribute decision making techniques (3차원 조형장비 선정을 위한 복합 다요소 의사결정 구조 모델 개발에 관한 연구)

  • Byun, Hong-Seok
    • Journal of the Korean Society of Manufacturing Process Engineers
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    • v.7 no.3
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    • pp.87-95
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    • 2008
  • The purpose of this study is to provide a decision support to select an appropriate rapid prototyping(RP) machine that suits the application of a part. Selection factors include concept model, form/fit/functional model, pattern model for molding, material property, build time and part cost that greatly affect the performance of RP machines. However, the selection of a RP is not an easy decision because they are uncertain and vague. For this reason, the aim of this research is to propose hybrid multiple attribute decision making approaches to effectively evaluate RP machines. In addition, because subjective considerations are relevant to selection decision, a fuzzy logic approach is adopted. The proposed selection procedure consists of several steps. First, we identify RP machines that the users consider. After constructing the evaluation criteria, we calculate the weights of the criteria by applying the fuzzy Analytic Hierarchy Process(AHP) method. Finally, we construct the fuzzy Technique of Order Preference by Similarity to Ideal Solution(TOPSIS) method to achieve the ranking order of all machines providing the decision information for the selection of RP machines.

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