Integration of Financial and Non-financial Information for Decision-Making by Using Goal Programming and Fuzzy Analytic Hierarchy Process on a Capital Budgeting Investment Case Study

Decisions usually involve the getting the best solution, selecting the suitable experiments, most appropriate judgments, taking the quality results etc., using some techniques. Every decision making can be considered as the choice from the set of alternatives based on a set of criteria. The fuzzy analytic hierarchy process is a multi-criteria decision making and is dealing with decision making problems through pairwise comparisons mode [10]. The weight vectors from this comparison model are obtained by using extent analysis method. This paper concern with an alternate method of finding the weight vectors from the original fuzzy AHP decision model (moderate fuzzy AHP model), that has the same rank as obtained in original fuzzy AHP and ideal fuzzy AHP decision models.

Download Full-text

Waterborne diseases vulnerability analysis using fuzzy analytic hierarchy process: a case study of Azamgarh city, India

Modeling Earth Systems and Environment ◽

10.1007/s40808-021-01237-x ◽

2021 ◽

Author(s):

Uzma Ajmal ◽

Saleha Jamal ◽

Wani Suhail Ahmad ◽

Md Ashif Ali ◽

Md Babor Ali

Keyword(s):

Analytic Hierarchy Process ◽

Vulnerability Analysis ◽

Fuzzy Analytic Hierarchy Process ◽

Waterborne Diseases ◽

Analytic Hierarchy ◽

Hierarchy Process

Download Full-text

Аn example of different AHP structuring in a forest management problem

Zbornik Matice srpske za prirodne nauke ◽

10.2298/zmspn1630127l ◽

2016 ◽

pp. 127-137

Author(s):

Milena Lakicevic ◽

Bojan Srdjevic ◽

Ivaylo Velichkov ◽

Zorica Srdjevic

Keyword(s):

Decision Making ◽

Forest Management ◽

Analytic Hierarchy Process ◽

Evaluation Procedure ◽

Decision Making Process ◽

Management Problem ◽

Consistency Check ◽

Analytic Hierarchy ◽

Hierarchy Process

The paper investigates how different hierarchy structuring in analytic hierarchy process (AHP) may affect the final results in the decision-making process. This problem is analyzed in a case study of the Rila monastery forest stands in Bulgaria. There were three similar and mutually overlapped hierarchies defined. A decision maker evaluated all of them and after analyzing final results and consistency performance, he selected and revised the most appropriate hierarchy structure. Consistency check assisted in detecting the judgments which have strongly violated evaluation procedure. These mistakes are interpreted as a consequence of a large number of required pair-wise comparisons. The paper emphases the importance of properly defining hierarchy structure and recommends using consistency analysis as a guide and not as a directive for the revision of judgments.

Download Full-text

Multi-criteria supplier selection using fuzzy analytic hierarchy process: case study from a Brazilian railway operator

Brazilian Journal of Operations & Production Management ◽

10.14488/bjopm.2017.v14.n3.a15 ◽

2017 ◽

Vol 14 (3) ◽

pp. 428 ◽

Cited By ~ 4

Author(s):

Rodrigo Barbosa de Santis ◽

Leonardo Golliat ◽

Eduardo Pestana de Aguiar

Keyword(s):

Supply Chain ◽

Analytic Hierarchy Process ◽

Operations Management ◽

Supplier Selection ◽

Standard Procedure ◽

Fuzzy Analytic Hierarchy Process ◽

Analytic Hierarchy ◽

And Performance ◽

Hierarchy Process

The supplier selection problem has been discussed in literature within the supply chain management subject and it is extremely important due to its impact on the entire supply chain configuration, strategy and performance. This work presents a decision model based on the fuzzy analytic hierarchy process method and its application in a real case of maintenance supplier selection in a large Brazilian railway operator. Eight criteria were adopted - technical capacity, financial status, relationship, operations management, security management, infrastructure, historic performance and costs - for evaluating five potential suppliers. In the case study, both first and second ranked suppliers by the method have been selected by the company for providing the services and the model was adopted as a standard procedure within the organization for contracts over US$ 300,000.

Download Full-text