• Title/Summary/Keyword: Multiple-Criteria Decision Making

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Target Market Selection Using MCDM Approach: A Study of Rolling Stock Manufacturer

  • SUKOROTO, SUKOROTO;HARYONO, Siswoyo;KHARISMA, Bedy
    • Journal of Distribution Science
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    • v.18 no.7
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    • pp.63-72
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    • 2020
  • Purpose: This study examines the market segmentation and strategy of PT INKA, a rolling stock manufacturer in Indonesia. Research design, data and methodology: The study used the MCDM (Multiple Criteria Decision Making) method specifically the AHP (Analytical Hierarchy Process). The AHP method was applied to identify the target market. This method or approach considers the market attractiveness and competitive strength criteria with quantified parameters. Results: a) Australia, Kenya, Tanzania, New Zealand, and India emerge as the top five target markets; b) There is justification for rolling stock manufacturers to allocate their resources in winning the market share. Conclusion: The main challenge confronting the rolling stock manufacturer is limited resources to acquire a particular market share despite abundant opportunities in this sector. Despite the mastery of technology and long experience in the industry, selecting a target market with multiple criteria could be difficult for an emerging rolling stock manufacturer in South East Asia.

Dominance, Potential Optimality, and Strict Preference Information in Multiple Criteria Decision Making

  • Park, Kyung-Sam;Shin, Dong-Eun
    • Management Science and Financial Engineering
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    • v.17 no.2
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    • pp.63-84
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    • 2011
  • The ordinary multiple criteria decision making (MCDM) approach requires two types of input, alternative values and criterion weights, and employs two schemes of alternative prioritization, dominance and potential optimality. This paper allows for incomplete information on both types of input and gives rise to the dominance relationships and potential optimality of alternatives. Unlike the earlier studies, we emphasize that incomplete information frequently takes the form of strict inequalities, such as strict orders and strict bounds, rather than weak inequalities. Then the issues of rising importance include: (1) The standard mathematical programming approach to prioritize alternatives cannot be used directly, because the feasible region for the permissible decision parameters becomes an open set. (2) We show that the earlier methods replacing the strict inequalities with weak ones, by employing a small positive number or zeroes, which closes the feasible set, may cause a serious problem and yield unacceptable prioritization results. Therefore, we address these important issues and develop a useful and simple method, without selecting any small value for the strict preference information. Given strict information on both types of decision parameters, we first construct a nonlinear program, transform it into a linear programming equivalent, and finally solve it via a two-stage method. An application is also demonstrated herein.

A Study on Combinatorial Dispatching Decision of Hybrid Flow Shop : Application to Printed Circuit Board Process (혼합 흐름공정의 할당규칙조합에 관한 연구: 인쇄회로기판 공정을 중심으로)

  • Yoon, Sungwook;Ko, Daehoon;Kim, Jihyun;Jeong, Sukjae
    • Journal of Korean Institute of Industrial Engineers
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    • v.39 no.1
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    • pp.10-19
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    • 2013
  • Dispatching rule plays an important role in a hybrid flow shop. Finding the appropriate dispatching rule becomes more challenging when there are multiple criteria, uncertain demands, and dynamic manufacturing environment. Using a single dispatching rule for the whole shop or a set of rules based on a single criterion is not sufficient. Therefore, a multi-criteria decision making technique using 'the order preference by similarity to ideal solution' (TOPSIS) and 'analytic hierarchy process' (AHP) is presented. The proposed technique is aimed to find the most suitable set of dispatching rules under different manufacturing scenarios. A simulation based case study on a PCB manufacturing process is presented to illustrate the procedure and effectiveness of the proposed methodology.

Air Path Establishment Based on Multi-Criteria Decision Making Method in Tactical Ad Hoc Networks (전술 애드혹 네트워크에서 다속성 의사결정 방법 기반 공중 경로 생성 방안)

  • Kim, Beom-Su;Roh, BongSoo;Kim, Ki-Il
    • IEMEK Journal of Embedded Systems and Applications
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    • v.15 no.1
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    • pp.25-33
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    • 2020
  • Multipath routing protocols with unmanned aerial vehicles have been proposed to improve reliability in tactical ad hoc networks. Most of existing studies tend to establish the paths with multiple metrics. However, these approaches suffer from link loss and congestion problems according to the network condition because they apply same metric for both ground and air path or employ the simple weight value to combine multiple metrics. To overcome this limitation, in this study, we propose new routing metrics for path over unmanned aerial vehicles and use the multi-criteria decision making (MCDM) method to determine the weight factors between multiple metrics. For the case studies, we extend the ad-hoc on-demand distance vector protocol and propose a strategy for modifying the route discovery and route recovery procedure. The simulation results show that the proposed mechanism is able to achieve high end-to-end reliability and low end-to-end delay in tactical ad hoc networks.

Determination of Forest Road Construction Priority Order Using Multiple Criteria Decision Making Methods (다기준의사결정법(多基準意思決定法)에 의한 임도개설순위(林道開設順位)의 결정(決定))

  • Cha, Du Song;Cho, Koo Hyun;Kim, Jong Yoon
    • 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.

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Vendor Selection Using TOPSIS and Optimal Order Allocation (TOPIS를 이용한 공급업체 선정과 최적주문량 결정)

  • Kim, Joon-Seok
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.33 no.2
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    • pp.1-8
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    • 2010
  • A vendor selection problem consists of two different kinds of decision making. First one is to choose the best suppliers among all possible suppliers and the next is to allocate the optimal quantities of orders among the selected vendors. In this study, an integration of the technique for order preference by similarity to ideal solution (TOPSIS) and a multi-objective mixed integer programming (MOMIP) is developed to account for all qualitative and quantitative factors which are used to evaluate and choose the best group of vendors and to decide the optimal order quantity for each vendor. A solution methodology for the vendor selection model of multiple-vendor, multiple-item with multiple decision criteria and in respect to finite vendor capacity is presented.

A DECISION-MAKER CONFIDENCE LEVEL BASED MULTI-CHOICE BEST-WORST METHOD: AN MCDM APPROACH

  • SEEMA BANO;MD. GULZARUL HASAN;ABDUL QUDDOOS
    • Journal of applied mathematics & informatics
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    • v.42 no.2
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    • pp.257-281
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    • 2024
  • In real life, a decision-maker can assign multiple values for pairwise comparison with a certain confidence level. Studies incorporating multi-choice parameters in multi-criteria decision-making methods are lacking in the literature. So, In this work, an extension of the Best-Worst Method (BWM) with multi-choice pairwise comparisons and multi-choice confidence parameters has been proposed. This work incorporates an extension to the original BWM with multi-choice uncertainty and confidence level. The BWM presumes the Decision-Maker to be fully confident about preference criteria vectors best to others & others to worst. In the proposed work, we consider uncertainty by giving decision-makers freedom to have multiple choices for preference comparison and having a corresponding confidence degree for each choice. This adds one more parameter corresponding to the degree of confidence of each choice to the already existing MCDM, i.e. multi-choice BWM and yields acceptable results similar to other studies. Also, the consistency ratio remained low within the acceptable range. Two real-life case studies are presented to validate our study on proposed models.

MULTICRITERIA MODELS FOR GROUP DECISION MAKING : COMPROMISE PROGRAMMING VS. THE ANALYTIC HIERACHY PROCESS

  • Kwak, N.K.;McCarthy, Kevin J.
    • Journal of the Korean Operations Research and Management Science Society
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    • v.16 no.1
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    • pp.97-112
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    • 1991
  • This paper describes two contrasting approaches to group decision making involving multiple criteria. A compromise programming method and the analytic hierarchy process are analyzed and compared by using an illustrative example of a computer model selection problem to demonstrate their usefulness as a viable tool for group decision making. This paper further considers some extensions and modifications of there two methods for future study.

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Goal Setting in Multiple Criteria Decision Making

  • Lee, Jae-Kyu
    • Journal of the Korean Operations Research and Management Science Society
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    • v.11 no.2
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    • pp.51-68
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    • 1986
  • The effects of goal setting in the context of Multiple Criteria Making (MCDM) are classified into two types : internal and external. In the internal models, the impact of the changed goal is limited only to the other goals in MCDM model. By contrast, in the external models, the impact is limited to the factors not included in the MCDM model. In fact, most real world examples of goal setting have the nature of mixed models. To assist in the goal setting process, the framework named Goal Setting Support (GSS) is developed. The GSS helps decision-makers for mixed models to 1) make internal trade-offs in a way that guarantees non-dominancy after the trade-ofs, and 2) evaluate achieved goals systematically. The GSS can be used in creating Decision Support Systems that will allow interactive goal setting.

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An Efficient Decision Maki ng Method for the Selectionof a Layered Manufacturing (3차원 조형장비 선정을 위한 효율적인 의사결정 방법)

  • Byun, Hong-Seok
    • Transactions of the Korean Society of Machine Tool Engineers
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    • v.18 no.1
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    • pp.59-67
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    • 2009
  • The purpose of this study is to provide a decision support to select an appropriate layered manufacturing(LM) machine that suits the application of a part. Selection factors include concept model, form/fit/functional model, pattern model far molding, material property, build time and part cost that greatly affect the performance of LM machines. However, the selection of a LM 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 LM 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 LM 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 LM machines.