• Journal of Korean Society of Industrial and Systems Engineering
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• v.46 no.4
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• pp.199-208
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• 2023

Taguchi method is one of the most popular approaches for design optimization such that performance characteristics become robust to uncontrollable noise variables. However, most previous Taguchi method applications have addressed a single-characteristic problem. Problems with multiple characteristics are more common in practice. The multi-criteria decision making(MCDM) problem is to select the optimal one among multiple alternatives by integrating a number of criteria that may conflict with each other. Representative MCDM methods include TOPSIS(Technique for Order of Preference by Similarity to Ideal Solution), GRA(Grey Relational Analysis), PCA(Principal Component Analysis), fuzzy logic system, and so on. Therefore, numerous approaches have been conducted to deal with the multi-characteristic design problem by combining original Taguchi method and MCDM methods. In the MCDM problem, multiple criteria generally have different measurement units, which means that there may be a large difference in the physical value of the criteria and ultimately makes it difficult to integrate the measurements for the criteria. Therefore, the normalization technique is usually utilized to convert different units of criteria into one identical unit. There are four normalization techniques commonly used in MCDM problems, including vector normalization, linear scale transformation(max-min, max, or sum). However, the normalization techniques have several shortcomings and do not adequately incorporate the practical matters. For example, if certain alternative has maximum value of data for certain criterion, this alternative is considered as the solution in original process. However, if the maximum value of data does not satisfy the required degree of fulfillment of designer or customer, the alternative may not be considered as the solution. To solve this problem, this paper employs the desirability function that has been proposed in our previous research. The desirability function uses upper limit and lower limit in normalization process. The threshold points for establishing upper or lower limits let us know what degree of fulfillment of designer or customer is. This paper proposes a new design optimization technique for multi-characteristic design problem by integrating the Taguchi method and our desirability functions. Finally, the proposed technique is able to obtain the optimal solution that is robust to multi-characteristic performances.

• Journal of Auto-vehicle Safety Association
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• v.10 no.2
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• pp.50-55
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• 2018

Choosing automobile safety options is price-performance matter. The best fit options to buyer who has a certain driving habit are problem of MCDM (Multi Criteria Decision Making) because price of safety option, statistics of relating accident, consequence of accident, and driving habit are the multi criteria to be evaluated. In this paper, PROMETHEE-GAIA methodology is applied for solving this MCDM problem. The result shows that a different driving habit makes different choosing priority of safety options.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.12
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• pp.53-62
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• 2020

The COVID 19 pandemic has led to a new global recession and is still causing a lot of issues because of the delays in the employment of people. This scenario has severe consequences for many countries' labor markets in the world. This problem's complexity and importance requires an integrated method of subjective and objective evaluation rather than intuitive decisions. This research aims to investigate sustainable indexes for assessing the unemployment problem by using a Multi-Criteria Decision-Making Model (MCDM). Grey theory and Decision Making Trial and Evaluation Laboratory (GDEMATEL) are deployed to transform the experts' opinions into quantitative data. The analysis based on 20 crucial criteria is employed to determine the weights of sustainability of unemployment problems. The results revealed that the top ten of determinants are Economic growth, Industrialization, Foreign direct investment, Real GDP per capita, Education level, Trade Openness, Capacity Utilization Rate, Urbanization, Employability skills, Education system expansion, which have the most significant effects on the unemployment rate under COVID 19 impacts. Furthermore, GDEMATEL could effectively assess the sustainable indicators for unemployment problems in "deep and wide" aspects. The study proposes the Grey MCDM model, contributes to the literature, provides future research directions, and helps policymakers and researchers achieve the best solutions to the unemployment problems under "economic shocks."

• Journal of the Korean Society of Hazard Mitigation
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• v.10 no.4
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• pp.119-125
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• 2010

The most important part in the decision making is to decide the weight of attributes which indicate the relative importance of the properties to be estimated with different criteria respectively. In this study, the new MCDM method which consider typical preexisting methods all together is proposed. For doing those, Weighted Utopian Approach is newly suggested by combining typical 7 weighting methods and distance-based Utopian Approach which is one of the MCDM methods. The suggested method has the advantage of accomplishing representativeness and universality of the MCDM methods because it incorporates multiple weighting methods of diverse characteristics. It also yields not only the one final result but also the results calculated from each weighting method, broadening the options of the choice to the alternatives. The application of the new model to virtual engineering problems show that we can perform the decision making and the assessment of priority order more objectively with it and that it has high applicability to the practice, giving us simple calculation process.

• The Journal of the Korea Contents Association
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• v.17 no.5
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• pp.574-590
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• 2017

The purpose of this paper is the provision of a decision-making tool for developers to identify the project risks for under-consideration overseas independent power projects (IPPs), and to analyze the priority and importance weights of the risks through the employment of a fuzzy multi-criteria decision-making (MCDM) approach. A fuzzy MCDM is the calculation method for which the imprecision of each respondent's unique opinion is considered. Through the extensive literature surveys that were conducted for this paper, eight major project finance (PF) risks have been derived credit risk, completion risk, market risk, fuel risk, operating risk, financial risk, environmental risk, and force majeure. The empirical results show that the market risk is the most important risk factor in terms of overseas IPPs, thereby confirming that the long-term power purchase agreement (PPA) guarantee of the host country is one of the most important corresponding factors for the PF.

• Journal of Korea Water Resources Association
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• v.45 no.4
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• pp.383-391
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• 2012

This study aims to present the sensitivity analysis approach for multi-criteria decision making (MCDM) method to reduce the uncertainty of weighting and performance values. This study focuses on two major problems of the uncertainty for MCDM method. The first major problem is how to determine the most critical criterion and the second is how to determine the most critical measure of performance. This study used the application of weighted sum method for water resources planning. The criticality degrees and the sensitivity coefficients of criterion and alternative are used. This results of sensitivity analysis can be applied to the general water resources planning in real.

• Journal of Korea Water Resources Association
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• v.46 no.2
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• pp.171-182
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• 2013

This paper presents the application of fuzzy set theory in multi criteria decision making (MCDM). FAHP (Fuzzy Analytic Hierarchy Process) method was used to rank alternatives to find the most reasonable and efficient way of agricultural reservoir water resources assessment. 6 criteria and 10 subcriteria had been identified and compared to secure agricultural water resources. Fuzzy numbers and linguistic variables were presented to address inherently uncertain or imprecise data. Comparison analysis of decision making method was also carried out to find a way of suitable decision making and validity of FAHP was discussed.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.11
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• pp.549-556
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• 2020

Real estate markets play an essential role in the economic development of both developed and developing countries. Investment decisions in private real estate demand the consideration of several qualitative and quantitative criteria. Especially in Vietnam, demand for housing, apartments are rising which has resulted because of the migration from rural to urban areas. This study aims to determine the influencing factors of the real estate purchasing behavior and then recommend a grey Multi-Criteria Decision Making (MCDM) support model to evaluate real estate alternatives based on a numerical example in Vietnam. A set of essential criteria are identified based on experts' opinion, and the proposed determinants are initial investment, maintenance cost, prestige location, distance to interesting places, parking lot, public transportation, property condition, total area size, number of rooms, and neighbors. The subjective weights were obtained by using the Decision-Making Trial and Evaluation Laboratory (DEMATEL) model, and the Grey Relational Analysis (GRA) technique is employed to prioritize and rank real estate alternatives. The results reveal that this approach can be useful to make purchasing decisions for many kinds of real estate property under uncertain business environments. These findings indicate that the presented hybrid model has advantages in granting flexibility to the preferences of decision makers.

• Journal of Korean Society of Forest Science
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• v.85 no.2
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• pp.149-157
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• 1996

The applications of multiple criteria decision making(MCDM) methods were investigated to determine the priority order in forest road construction for timber harvesting and silvicultrual activities in 22 regions. In this paper, MCDM methods have five methods from two kinds of models. The one is non-compensatory preference model including maximin and maximax method; the other is compensatory preference model including simple additive weighting method(SAW), hierarchical additive weighting method(HAW) and technique for order preference by similarity to ideal solution(TOPSIS), SAW and TOPSIS methods turned out to be the most adequate for forest road construction priority order among the five methods tested in this study.

• Journal of Distribution Science
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• v.19 no.8
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• pp.25-35
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• 2021

Purpose: This study aims to propose an integrated MCDM model to support the qualified personnel selection in the distribution science. Research design, data, and methodology: The integrated approach of AHP and TOPSIS was employed to address the personnel selection problem. The AHP method was used to define the weights of the selection criteria, whereas the TOPSIS was applied to rank alternatives. The proposed model was then applied into a leading logistics company to select the best alternatives to be the sales deputy manager. Results: The results showed that Candidate 3 is the most qualified personnel for the sales deputy manager position as he is ranked first in the order of preference for recruitment. Conclusions: The proposed model provides the decision makers with more effective and time-saving methods than conventional ones. Therefore, the model can be applied to personnel selection around the world. In terms of theoretical contribution, this study proposes a personnel selection model for choosing the most appropriate candidates. In addition, the study adds to the theory of human resources management and logistics management the full set of personnel selection criteria including education, experience, skills, health, personality traits and foreign language.