• Title/Summary/Keyword: Multi-Criteria Decision Making Analysis

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Development of MCDM for the Selection of Preferable Alternative and Determination of Investment Priority in Water Resource Projects (수자원사업 대안선정 및 투자우선순위결정을 위한 다기준의사결정모형 개발)

  • Yeo, Kyudong;Kim, Gilho;Lee, Sangwon;Choi, Seungan
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.31 no.6B
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    • pp.551-563
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    • 2011
  • Water resource projects need an enormous national budget. Therefore, a reasonable and reliable decision making is required for the planning of water resource projects, but decision making has been mostly performed by economic analysis. The objective of this study is to develop a Multi-criteria Decision Making(MCDM) model which can assess the project in various aspects for the selection of preferable alternative and determination of investment priority in water resource projects. In this study, the criteria involves economic feasibility, policies, vulnerability, and sub-items which have weights obtained from the expert survey for the consistent evaluation. We also derived the utility function considering risk trend of each item based on the expert survey. Then, the total score was estimated by weights of each item and utility score of each attribute. The results show that vulnerability is a major contributor for the criteria. This study will contribute to the selection of proper water resource projects considering efficiency of project and fairness for vulnerable area.

A GOAL PROGRAMMING MODEL FOR THE BEST POSSIBLE SOLUTION TO LOAN ALLOCATION PROBLEMS

  • Sharma, Dinesh-K.;Ghosh, Debasis;Alade, Julius-A.
    • Journal of applied mathematics & informatics
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    • v.9 no.1
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    • pp.197-211
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    • 2002
  • In this paper, we propose a multi-Criteria decision making approach to address the problem of finding the best possible solution in credit unions. Sensitivity analysis on the priority structure of the goals has been performed to obtain all possible solutions. The study uses the Euclidean distance method to measure distances of all possible solutions from the identified ideal solution. The possible optimum solution is determined from the minimum distance between the ideal solution and other possible solutions of the Problem.

AHP-based Technology Start-ups Factors Analysis System (AHP에 기반을 둔 기술창업 요인 분석 시스템)

  • Joun, Hyang-Soon;Lee, Sang-Yong
    • Journal of Digital Convergence
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    • v.13 no.4
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    • pp.311-317
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    • 2015
  • It is important to analyze and offer specialized start-ups effect factors for collegians in order to systematically and successfully support technology-centered start-ups of collegians, whose social experience is insufficient. However, consistently changing start ups environmental analysis is difficult, which can be a problem, because technology-centered start-ups factor analysis is carried out depending on statistical package. This paper proposes an ATSA system that demonstrates effect factors on technology-centered start-ups decision making as a hierarchial structure by using AHP, inputs the effect factors to judgment matrix after pre-processing, calculates standardized values and weights, verifies consistency, and draws priorities through weights integration. It was confirmed that the ATSA system can efficiently support decision making for technology-centered start-ups by quantitatively analyzing qualitative factors through experiments by applying multi-criteria decision making to the analyses of start-ups founders' internal and external factors and various start-ups environments.

A Study on the Development of Regional Innovative Capability Indices Using Fuzzy Multi-Criteria Decision Making (퍼지다기준 의사결정기법을 이용한 지역혁신역량지수의 도출)

  • Heo, Jae-Yong
    • Journal of Technology Innovation
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    • v.16 no.1
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    • pp.1-21
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    • 2008
  • We attempt to make regional innovative capability indices for overall understanding of regional innovation. We'll analyze various indicators on it using fuzzy set theory and compare regional innovative capabilities of 16 regions in Korea. The fuzzy set theory can reflect more normally the uncertainty of the stakeholder's responses than other decision making analysis methods. The overall results suggest that experts on regional innovation rank GRDP most important and Daejeon is the most innovative region. Building up regional innovative capabilities should be made for more balanced national land development.

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An Algorithm for Searching Pareto Optimal Paths of HAZMAT Transportation: Efficient Vector Labeling Approach (위험물 수송 최적경로 탐색 알고리즘 개발: Efficient Vector Labeling 방법으로)

  • Park, Dong-Joo;Chung, Sung-Bong;Oh, Jeong-Taek
    • Journal of the Korean Society of Hazard Mitigation
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    • v.11 no.3
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    • pp.49-56
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    • 2011
  • This paper deals with a methodology for searching optimal route of hazard material (hazmat) vehicles. When we make a decision of hazmat optimal paths, there is a conflict between the public aspect which wants to minimize risk and the private aspect which has a goal of minimizing travel time. This paper presents Efficient Vector Labeling algorithm as a methodology for searching optimal path of hazmat transportation, which is intrinsically one of the multi-criteria decision making problems. The output of the presented algorithm is a set of Pareto optimal paths considering both risk and travel time at a time. Also, the proposed algorithm is able to identify non-dominated paths which are significantly different from each other in terms of links used. The proposed Efficient Vector Labeling algorithm are applied to test bed network and compared with the existing k-shortest path algorithm. Analysis of result shows that the proposed algorithm is more efficient and advantageous in searching reasonable alternative routes than the existing one.

An Application of the Analytical Hierarchy Process (AHP) for Safety measurement in Malaysian Construction Industry

  • Samad Doostdar;Zubaidah Ismail
    • International conference on construction engineering and project management
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    • 2013.01a
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    • pp.66-73
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    • 2013
  • Analytical Hierarchy Process (AHP) is a famous method amongst Multi Criteria Decision Making (MCDM), set up by Saaty in 1980. AHP can be determined as a methodology of hierarchical analysis following reasonable decision making with make simpler a difficult crisis. Decision making in systems of Safety management concerned multipart challenges. AHP is process for get better the composite decisions understanding with analyzes of the problem in a structure of hierarchy. The integration all of applicable decision criteria, their pair wise judgment permits the decision maker to establish the trade-offs amongst objectives. In recent years, Malaysian's economy and infrastructure development have significantly and rapidly risen. The construction industry continues to play a major role in this development as many construction activities have been carried out to meet the high demands of the expansive market. However, the construction industry has faced a wide range of challenges, one of which is the frequent occurrences of accidents at the workplace. An effective safety program can substantially reduce accidents because it can help management to build up safer means of operations and create safe working environments for the workers. Furthermore, by having an effective safety programs, good safety culture can be embedded in organization because it can encourage mutual cooperation between management and workers in the operations of the programs and decisions that affect their safety and health. The focus of this research is development methodology of Analytics Hierarchy Process (AHP) in construction safety factors and investigates the levels of some effective elements in SMS in Malaysian construction industries.

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Developing a Method to Define Mountain Search Priority Areas Based on Behavioral Characteristics of Missing Persons

  • Yoo, Ho Jin;Lee, Jiyeong
    • Journal of the Korean Society of Surveying, Geodesy, Photogrammetry and Cartography
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    • v.37 no.5
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    • pp.293-302
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    • 2019
  • In mountain accident events, it is important for the search team commander to determine the search area in order to secure the Golden Time. Within this period, assistance and treatment to the concerned individual will most likely prevent further injuries and harm. This paper proposes a method to determine the search priority area based on missing persons behavior and missing persons incidents statistics. GIS (Geographic Information System) and MCDM (Multi Criteria Decision Making) are integrated by applying WLC (Weighted Linear Combination) techniques. Missing persons were classified into five types, and their behavioral characteristics were analyzed to extract seven geographic analysis factors. Next, index values were set up for each missing person and element according to the behavioral characteristics, and the raster data generated by multiplying the weight of each element are superimposed to define models to select search priority areas, where each weight is calculated from the AHP (Analytical Hierarchy Process) through a pairwise comparison method obtained from search operation experts. Finally, the model generated in this study was applied to a missing person case through a virtual missing scenario, the priority area was selected, and the behavioral characteristics and topographical characteristics of the missing persons were compared with the selected area. The resulting analysis results were verified by mountain rescue experts as 'appropriate' in terms of the behavior analysis, analysis factor extraction, experimental process, and results for the missing persons.

A Study on the Customer Segmentation Using Multi Criteria Importance-Performance Analysis (다기준 IP 분석에 의한 고객 세분화 방법에 관한 연구)

  • Yang, Kwang-Mo
    • Journal of the Korea Safety Management & Science
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    • v.14 no.2
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    • pp.245-252
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    • 2012
  • The biggest difficulty the small and small business currently face is not to have the effective cusomer management system that is the computerization of management. This suggests their will to introduce data marketing in order to differentiate 'Customer Marketing' and 'One to One Marketing'. The potential needs as well as visible needs of customer should be considered in order to research and analyze the customer data. At this point mayor enterprises are paying much attention to Customer Segmentation and their related markets are expanding rapidly. I'll give a brief introduction to the Multi Criteria Importance-Performance Analysis and go into the problems that should be considered and which phase to emphasize when building this system.

A Multi-objective Production Planning Model in a Flexible Manufacturing System Using Multiple Criteria Analysis (다기준(多基準) 분석(分析)을 이용(利用)한 유연생산(柔軟生産)시스템에서의 다목적(多目的) 생산계획(生産計劃) 모형(模型)에 관한 연구(硏究))

  • Lee, Yeong-Gwang
    • Journal of Korean Society for Quality Management
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    • v.20 no.1
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    • pp.126-135
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    • 1992
  • The decision making process for production planning in FMS usually involves multiple conflicting objectives and criteria. This study consists of prescreening and analytical phase. In the prescreening phase, criteria are used to reduce the set of alternative system configuration down to a small number of candidates. After this phase, a multiobjected programming model is formulated for each remainning configuration.

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Development of Destination Optimal Path Search Method Using Multi-Criteria Decision Making Method and Modified A-STAR Algorithm (다기준의사결정기법과 수정 A-STAR 알고리즘을 이용한 목적지 최적경로 탐색 기법 개발)

  • Choi, Mi-Hyeong;Seo, Min-Ho;Woo, Je-Seung;Hong, Sun-Gi
    • Journal of the Korean Society of Industry Convergence
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    • v.24 no.6_2
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    • pp.891-897
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    • 2021
  • In this paper, we propose a destination optimal route algorithm for providing route finding service for the transportation handicapped by using the multi-criteria decision-making technique and the modified A-STAR optimal route search algorithm. This is a method to set the route to the destination centering on safety by replacing the distance cost of the existing A-STAR optimal route search algorithm with the safety cost calculated through AHP/TOPSIS analysis. To this end, 10 factors such as road damage, curb, and road hole were first classified as poor road factors that hinder road driving, and then pairwise comparison of AHP was analyzed and then defined as the weight of TOPSIS. Afterwards, the degree of driving safety was quantified for a certain road section in Busan through TOPSIS analysis, and the development of an optimal route search algorithm for the transportation handicapped that replaces the distance cost with safety in the finally modified A-STAR optimal route algorithm was completed.