Real-Life Applications of Multiple Criteria Decision Making Technology

Author(s):  
B. Danev ◽  
I. Popchev ◽  
G. Slavov
2019 ◽  
Vol 2019 ◽  
pp. 1-12 ◽  
Author(s):  
M. Sarwar Sindhu ◽  
Tabasam Rashid ◽  
Agha Kashif ◽  
Juan Luis García Guirao

Probabilistic interval-valued hesitant fuzzy sets (PIVHFSs) are an extension of interval-valued hesitant fuzzy sets (IVHFSs) in which each hesitant interval value is considered along with its occurrence probability. These assigned probabilities give more details about the level of agreeness or disagreeness. PIVHFSs describe the belonging degrees in the form of interval along with probabilities and thereby provide more information and can help the decision makers (DMs) to obtain precise, rational, and consistent decision consequences than IVHFSs, as the correspondence of unpredictability and inaccuracy broadly presents in real life problems due to which experts are confused to assign the weights to the criteria. In order to cope with this problem, we construct the linear programming (LP) methodology to find the exact values of the weights for the criteria. Furthermore these weights are employed in the aggregation operators of PIVHFSs recently developed. Finally, the LP methodology and the actions are then applied on a certain multiple criteria decision making (MCDM) problem and a comparative analysis is given at the end.


2008 ◽  
Vol 25 (05) ◽  
pp. 715-733 ◽  
Author(s):  
M. A. YAGHOOBI ◽  
D. F. JONES ◽  
M. TAMIZ

Weighted additive models are well known for dealing with multiple criteria decision making problems. Fuzzy goal programming is a branch of multiple criteria decision making which has been applied to solve real life problems. Several weighted additive models are introduced to handle fuzzy goal programming problems. These models are based on two approaches in fuzzy goal programming namely goal programming and fuzzy programming techniques. However, some of these models are not able to solve all kinds of fuzzy goal programming problems and some of them that appear in current literature suffer from a lack of precision in their formulations. This paper focuses on weighed additive models for fuzzy goal programming. It explains the oversights within some of them and proposes the necessary corrections. A new improved weighted additive model for solving fuzzy goal programming problems is introduced. The relationships between the new model and some of the existing models are discussed and proved. A numerical example is given to demonstrate the validity and strengths of the new model.


Author(s):  
Shankha Shubhra Goswami ◽  
Dhiren Kumar Behera

This article presents the detailed study of integrated AHP-TOPSIS multiple-criteria decision-making (MCDM) methodology. For these purposes, a real-life example is taken where the best smartphone mobile model is proposed among 10 different available models by implementing integrated AHP-TOPSIS methodology. The 10 mobile models selected for this analysis are presently available in the market and are from different brands having different specifications and price range. The selection process is done based on four major criteria (i.e., price, internal storage, RAM, and brand). AHP is applied for the criteria weightage's calculation, whereas TOPSIS is adopted for selecting the best alternative and make a preference ranking order indicating the best model to the worst. The final result shows that Samsung J7 is the best smartphone model followed by Redmi 7A, and Redmi K20 pro occupies the last position; thus, it is the worst model among the group.


2016 ◽  
Vol 5 (4) ◽  
pp. 192-210 ◽  
Author(s):  
Bhagawati Prasad Joshi

Due to the huge applications of fuzzy set theory, many generalizations were available in literature. Atanassov (1983) and Atanassov and Gargov (1989) introduced the notions of intuitionistic fuzzy sets (IFSs) and interval-valued intuitionistic fuzzy sets (IVIFSs) respectively. It is observed that IFSs and IVIFSs are more suitable tools for dealing with imprecise information and very powerful in modeling real life problems. However, many researchers made efforts to rank IVIFSs due to its importance in fusion of information. In this paper, a new ranking method is introduced and studied for IVIFSs. The proposed method is compared and illustrated with other existing methods by numerical examples. Then, it is utilized to identify the best alternative in multiple criteria decision-making problems in which criterion values for alternatives are IVIFSs. On the basis of the developed approach, it would provide a powerful way to the decision-makers to make his or her decision under IVIFSs. The validity and applicability of the proposed method are illustrated with practical examples.


Symmetry ◽  
2019 ◽  
Vol 11 (4) ◽  
pp. 471 ◽  
Author(s):  
Arooj Adeel ◽  
Muhammad Akram ◽  
Imran Ahmed ◽  
Kashif Nazar

Linguistic variables play a vital role in several qualitative decision environments, in which decision-makers assume several feasible linguistic values or criteria instead of a single term for an alternative or variable. The motivation for the use of words or sentences instead of numbers is that linguistic classification and characterizations are generally less precise than numerical ones. In this research article, we encourage the fuzzy linguistic approach and introduce the novel concept known as m-polar fuzzy linguistic variable (mFLV) to increase the affluence of linguistic variables based on m-polar fuzzy (mF) approach. An mF set is an effective concept for interpreting uncertainty and fuzziness. The concept of mFLV is more versatile and sensible for dealing with real-life problems, when data comes from qualitative and multipolar information. We also introduce an mF linguistic ELECTRE-I approach to solve multiple-criteria decision-making (MCDM) and multiple-criteria group decision-making (MCGDM) problems, where the evaluation of the alternatives under suitable linguistic values are determined by the decision-makers. Furthermore, we validate the efficiency of our proposed technique by applying it to real-life examples, such as the salary analysis of companies and by selecting a corrupt country. Finally, we develop an algorithm of our proposed approach, present its flow chart, and generate computer programming code.


Symmetry ◽  
2018 ◽  
Vol 10 (7) ◽  
pp. 295 ◽  
Author(s):  
Rui Wang ◽  
Yanlai Li

To address the complex multiple criteria decision-making (MCDM) problems in practice, this article proposes the picture hesitant fuzzy set (PHFS) theory based on the picture fuzzy set and the hesitant fuzzy set. First, the concept of PHFS is put forward, and its operations are presented, simultaneously. Second, the generalized picture hesitant fuzzy weighted aggregation operators are developed, and some theorems and reduced operators of them are discussed. Third, the generalized picture hesitant fuzzy prioritized weighted aggregation operators are put forward to solve the MCDM problems that the related criteria are at different priorities. Fourth, two novel MCDM methods combined with the proposed operators are constructed to determine the best alternative in real life. Finally, two numerical examples and an application of web service selection are investigated to illustrate the effectiveness of the proposed methods. The sensitivity analysis shows that the different values of the parameter λ affect the ranking of alternatives, and the proposed operators are compared with several existing MCDM methods to illustrate their advantages.


Mathematics ◽  
2021 ◽  
Vol 9 (13) ◽  
pp. 1554
Author(s):  
Dragiša Stanujkić ◽  
Darjan Karabašević ◽  
Gabrijela Popović ◽  
Predrag S. Stanimirović ◽  
Muzafer Saračević ◽  
...  

The environment in which the decision-making process takes place is often characterized by uncertainty and vagueness and, because of that, sometimes it is very hard to express the criteria weights with crisp numbers. Therefore, the application of the Grey System Theory, i.e., grey numbers, in this case, is very convenient when it comes to determination of the criteria weights with partially known information. Besides, the criteria weights have a significant role in the multiple criteria decision-making process. Many ordinary multiple criteria decision-making methods are adapted for using grey numbers, and this is the case in this article as well. A new grey extension of the certain multiple criteria decision-making methods for the determination of the criteria weights is proposed. Therefore, the article aims to propose a new extension of the Step-wise Weight Assessment Ratio Analysis (SWARA) and PIvot Pairwise Relative Criteria Importance Assessment (PIPRECIA) methods adapted for group decision-making. In the proposed approach, attitudes of decision-makers are transformed into grey group attitudes, which allows taking advantage of the benefit that grey numbers provide over crisp numbers. The main advantage of the proposed approach in relation to the use of crisp numbers is the ability to conduct different analyses, i.e., considering different scenarios, such as pessimistic, optimistic, and so on. By varying the value of the whitening coefficient, different weights of the criteria can be obtained, and it should be emphasized that this approach gives the same weights as in the case of crisp numbers when the whitening coefficient has a value of 0.5. In addition, in this approach, the grey number was formed based on the median value of collected responses because it better maintains the deviation from the normal distribution of the collected responses. The application of the proposed approach was considered through two numerical illustrations, based on which appropriate conclusions were drawn.


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