• Title/Summary/Keyword: ranking decision

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Optimal Selection of Energy System Design Using Fuzzy Framework (모호집합론을 사용한 에너지계통 설계의 최적선택)

  • 김성호;문주현
    • Proceedings of the Korea Society for Energy Engineering kosee Conference
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    • 1998.10a
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    • pp.3-8
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    • 1998
  • The present work proposes the potential fuzzy framework, based on fuzzy set theory, for supporting decision-making problems, especially, selection problems of a best design in the area of nuclear energy system. The framework proposed is composed of the hierarchical structure module, the assignment module, the fuzzification module, and the defuzzification module. In the structure module, the relationship among decision objectives, decision criteria, decision sub-criteria, and decision alternatives is hierarchically structured. In the assignment module, linguistic or rank scoring approach can be used to assign subjective and/or vague values to the decision analyst's judgment on decision variables. In the fuzzification module, fuzzy numbers are assigned to these values of decision variables. Using fuzzy arithmetic operations, for each alternative, fuzzy preference index as a fuzzy synthesis measure is obtained. In the defuzzification module, using one of methods ranking fuzzy numbers, these indices are defuzzified to overall utility values as a cardinality measure determining final scores. According these values, alternatives of interest are ranked and an optimal alternative is chosen. To illustrate the applicability of the framework proposed to selection problem, as a case example, the best option choice of four design options under five decision criteria for primary containment wall thickening around large penetrations in an advanced nuclear energy system is studied.

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Comparative Evaluation of Multipurpose Reservoir Operating Rules Using Multicriterion Decision Analysis Techniques

  • Ko, Seok-Ku;Lee, Kwang-Man;Ko, luk-Hwan
    • Korean Journal of Hydrosciences
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    • v.4
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    • pp.65-79
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    • 1993
  • Selection of the best operating rule among a set of alternatives for a multipurpose reservoir system operation requires to evaluate many minor criteria in addition to the major objectives assessed to the system. These problems are sufficiently complex and difficult that they are beyond heuristic decision rules and experiences in case several noncommensurable multiple criteria are included in the evaluation. With the assistance of multicriterion decision analysis techniques, it is possible to select the best one among various alternatives by systematically comparing and ranking the alternatives with respect to the criteria of choice. Evaluation criteria for multipurpose reservoir system operating rules were identified and defined, and the multicriterion decision analysis techniques were applied to evaluate the four existing operating rules of the Chungju multipurpose project according to the identified nine multiple criteria. The application results show that the methodology is very efficient to select the best operation alternative among a finite number of operating rules with many evaluation criteria for a large-scale reservoir system operation.

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A Multi-Criteria Decision Making Method Based on Fuzzy Outranking Relation (부정확한 대안평가하에서 모호선호관계를 이용한 다기준 의사결정 기법)

  • Cho, Kwon-Ik;Kim, Soung-Hie
    • Journal of Korean Institute of Industrial Engineers
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    • v.16 no.2
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    • pp.37-44
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    • 1990
  • In selecting the best project in multi-criteria decision making problems, the imperfect information of consequence and the vague preference of the decision maker(DM) would make the decision analysis more complex together with the conflict of several criteria. In this context, a method is proposed to deal the fuzzy information mentioned before instead of reducing it to a single representative value. And, based on the given imprecise information, projects are ranked completely or partially according to DM's vague preference. The procedure consists, for each pair of projects, of calculating the degree of supporting over all criteria and the degree of opposing with respect to each criterion for their outranking relation. Together with weights for each criterion, these indices produce fuzzy outranking relations for each pair of projects. And a complete or partial ranking of projects is obtained according to outranking degrees considering the interdependence among projects.

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WEB-BASED SIMULATION MODEL FOR MULTI-ATTRIBUTE STRUCTURED DECISION SUPPORT SYSTEM

  • Hwang, Heung-Suk;Cho, Gyu-Sung
    • Proceedings of the Korea Society for Simulation Conference
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    • 2001.10a
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    • pp.44-49
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    • 2001
  • This paper is concerned with development of a multi-attribute structured decision model. In this study, we used AHP(analytic hierarchy process) and fuzzy set ranking methodology to overcome the multi-attributes structured decision problems ; such as multi-objective, multi-criterion, and multi-attributes. We proposed a 2-step approach : 1) individual evaluation and 2) integration of individual evaluations. In the first step, we define the performance factors and construct ana]isis structure, and in the second step performance evaluation by individual evaluators, and in second step, the results of individual evaluations are integrate. Also we developed a systematic and practical computer program to solve the problems according to the proposed methods. The proposed approach was known to be effective through a set of sample problems.

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Use of Fuzzy Set Theoretical Approach in Radioactive Waste Management (방사성 폐기물관리에 모호집합론적 접근법의 적용)

  • 문주현;김성호
    • Proceedings of the Korea Society for Energy Engineering kosee Conference
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    • 1998.10a
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    • pp.64-68
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    • 1998
  • This paper discusses the potential application of fuzzy set theory to the decision-making in the area of radioactive waste management. the approach proposed in this study is based on the concepts of fuzzy set theory and the hierarchical structure analysis. The linguistic variables and fuzzy numbers are used to aggregate the decision maker's subjective assessments of the decision criteria and of the decision alternatives with respect to these criteria. For each alternative, the fuzzy appropriateness index is evaluated to obtain the final score. Using total integral value method, one of methods for ranking fuzzy numbers, the fuzzy appropriateness indices are ranked. As a case problem, selection of the most suitable option for spent fuel storage is illustrated.

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A Decision Support Model for Financial Performance Evaluation of Listed Companies in The Vietnamese Retailing Industry

  • NGUYEN, Phi-Hung;TSAI, Jung-Fa;NGUYEN, Viet-Trang;VU, Dang-Duong;DAO, Trong- Khoi
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.12
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    • pp.1005-1015
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    • 2020
  • This paper aims to propose a Comprehensive Decision Support Model to evaluate retail companies' financial performance traded on the Vietnam Stock Exchange Market. The financial performance has been examined in terms of the valuations ratios, profitability ratios, growth rates, liquidity ratios, efficiency ratios, and leverage ratios. The data of twelve companies from the first quarter to the fourth quarter of 2019 and the first quarter of 2020 were employed. The weights of 18 chosen financial ratios are calculated by using the Standard Deviation method (SD). Grey Relational Analysis technique was applied to obtain the final ranking of each company in each quarter. The results showed that leverage ratios have the most significant impact on the retail companies' financial performance and gives some long-term investment recommendations for stakeholders and indicated that the Taseco Air Services Joint Stock Company (AST), Mobile World Investment Corporation (MWG), and Cam Ranh International Airport Services Joint Stock Company (CIA) are three of the top efficient companies. The three of the worst companies are Viglacera Corporation (VGC), Saigon General Service Corporation (SVC), and HocMon Trade Joint Stock Company (HTC). Furthermore, this study suggests that the GRA model could be implemented effectively to ranking companies of other industries in the future research.

A Hybrid Technological Forecasting Model by Identifying the Efficient DMUs: An Application to the Main Battle Tank (효율적 DMU 선별을 통한 개선된 기술수준예측 방법: 주력전차 적용을 중심으로)

  • Kim, Jae-Oh;Kim, Jae-Hee;Kim, Sheung-Kown
    • Journal of Technology Innovation
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    • v.15 no.2
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    • pp.83-102
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    • 2007
  • This study extends the existing method of Technology Forecasting with Data Envelopment Analysis (TFDEA) by incorporating a ranking method into the model so that we can reduce the required number of DMUs (Decision Making Units). TFDEA estimates technological rate of change with the set of observations identified by DEA(Data Envelopment Analysis) model. It uses an excessive number of efficient DMUs(Decision Making Units), when the number of inputs and outputs is large compare to the number of observations. Hence, we investigated the possibility of incorporating CCCA(Constrained Canonical Correlation Analysis) into TFDEA so that the ranking of DMUs can be made. Using the ranks developed by CCCA(Constrained Canonical Correlation Analysis), we could limit the number of efficient DMUs that are to be used in the technology forecasting process. The proposed hybrid model could establish technology frontiers with the efficient DMUs for each generation of technology with the help of CCCA that uses the common weights. We applied our hybrid model to forecast the technological progress of main battle tank in order to demonstrate its forecasting capability with practical application. It was found that our hybrid model generated statistically more reliable forecasting results than both TFDEA and the regression model.

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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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Efficient Processing of Multipoints MAX/MIN Queries in OLAP Environment (OLAP 환경에서 다중점 MAX/MIN 질의의 효율적인 처리기법)

  • Yang, Woo-Suk;Kim, Myoung-Ho
    • Journal of KIISE:Databases
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    • v.27 no.1
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    • pp.13-21
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    • 2000
  • Online analytical processing (OLAP) systems are introduced to support decision support systems. Many researches focussed on efficient processing of aggregate functions that usually occur in OLAP queries. However, most previous researches in the literature are deal with the situation in which aggregate functions arc applied to all the values in a given range. Since those approaches utilize characteristic of aggregate functions applied to a range, they are difficult to be applied to a muitipoint query that is a query considering only some points in a given range. In this paper, we propose the Ranking Index and the flanking Decision Tree (RDT) for efficient evaluation of multipoints MAX/MIN queries. The ranking of possible MAX/MIN values are computed with RDT Then MAX/MIN values can be acquired from the Ranking Index. We show through experiments that our method provides high performance in most situations. In other words, the proposed method is robust as well as efficient. A single common set of precomputed results for both MAX and MIN values is another advantage of the proposed method.

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Video Ranking Model: a Data-Mining Solution with the Understood User Engagement

  • Chen, Yongyu;Chen, Jianxin;Zhou, Liang;Yan, Ying;Huang, Ruochen;Zhang, Wei
    • Journal of Multimedia Information System
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    • v.1 no.1
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    • pp.67-75
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    • 2014
  • Nowadays as video services grow rapidly, it is important for the service providers to provide customized services. Video ranking plays a key role for the service providers to attract the subscribers. In this paper we propose a weekly video ranking mechanism based on the quantified user engagement. The traditional QoE ranking mechanism is relatively subjective and usually is accomplished by grading, while QoS is relatively objective and is accomplished by analyzing the quality metrics. The goal of this paper is to establish a ranking mechanism which combines the both advantages of QoS and QoE according to the third-party data collection platform. We use data mining method to classify and analyze the collected data. In order to apply into the actual situation, we first group the videos and then use the regression tree and the decision tree (CART) to narrow down the number of them to a reasonable scale. After that we introduce the analytic hierarchy process (AHP) model and use Elo rating system to improve the fairness of our system. Questionnaire results verify that the proposed solution not only simplifies the computation but also increases the credibility of the system.

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