A new multi-criteria decision making approach for sustainable material selection problem: A critical study on rank reversal problem

2018 ◽  
Vol 182 ◽  
pp. 466-484 ◽  
Author(s):  
Seyed Hadi Mousavi-Nasab ◽  
Alireza Sotoudeh-Anvari
Keyword(s):  
Decision Making ◽  
Material Selection ◽  
Selection Problem ◽  
Critical Study ◽  
Multi Criteria Decision Making ◽  
Reversal Problem ◽  
Sustainable Material ◽  
Rank Reversal

An Improved TOPSIS Method for Material Selection Model

2014 ◽  
Vol 951 ◽  
pp. 120-123
Author(s):  
Wei Fan Huang
Keyword(s):  
Decision Making ◽  
Influencing Factors ◽  
Material Science ◽  
Material Selection ◽  
Selection Process ◽  
Selection Problem ◽  
Entropy Measure ◽  
Multi Criteria Decision Making ◽  
Topsis Method ◽  
Science Field

Material selection problem becomes an important issue in the material science field. It is important for design for mechanical, electrical, thermal, chemical et al. There are several influencing factors in the material selection process, and thus material selection problem is a multi-criteria decision making (MCDM) problem. Relative entropy measure can depict the closeness of the two systems, and then this paper will use it to develop an improved TOPSIS method for the material selection problem. Finally, a practical example is given to demonstrate that the proposed method is effective and feasible.

scholarly journals A NEW LOGARITHM METHODOLOGY OF ADDITIVE WEIGHTS (LMAW) FOR MULTI-CRITERIA DECISION-MAKING: APPLICATION IN LOGISTICS

2021 ◽  
Vol 19 (3) ◽  
pp. 361
Author(s):  
Dragan Pamučar ◽  
Mališa Žižović ◽  
Sanjib Biswas ◽  
Darko Božanić
Keyword(s):  
Decision Making ◽  
Comparative Analysis ◽  
Outcome Variable ◽  
Multi Criteria Decision Making ◽  
Competitive Growth ◽  
Reversal Problem ◽  
Rank Reversal ◽  
Logistics Service Provider ◽  
Operational Metrics

Logistics management has been playing a significant role in ensuring competitive growth of industries and nations. This study proposes a new Multi-Criteria Decision-making (MCDM) framework for evaluating operational efficiency of logistics service provider (LSP). We present a case study of comparative analysis of six leading LSPs in India using our proposed framework. We consider three operational metrics such as annual overhead expense (OE), annual fuel consumption (FC) and cost of delay (CoD, two qualitative indicators such as innovativeness (IN) which basically indicates process innovation and average customer rating (CR)and one outcome variable such as turnover (TO) as the criteria for comparative analysis. The result shows that the final ranking is a combined effect of all criteria. However, it is evident that IN largely influences the ranking. We carry out a comparative analysis of the results obtained from our proposed method with that derived by using existing established frameworks. We find that our method provides consistent results; it is more stable and does not suffer from rank reversal problem.

scholarly journals THE RANK REVERSAL PROBLEM IN MULTI-CRITERIA DECISION MAKING: A LITERATURE REVIEW

2018 ◽  
Vol 38 (2) ◽  
pp. 331-362 ◽  
Author(s):  
Renan Felinto de Farias Aires ◽  
Luciano Ferreira
Keyword(s):  
Decision Making ◽  
Literature Review ◽  
Multi Criteria Decision Making ◽  
Reversal Problem ◽  
Rank Reversal

Rank Reversal and the VIKOR Method: An Empirical Evaluation

2018 ◽  
Vol 17 (02) ◽  
pp. 513-525 ◽  
Author(s):  
Blanca Ceballos ◽  
David A. Pelta ◽  
María T. Lamata
Keyword(s):  
Decision Making ◽  
Empirical Evaluation ◽  
Decision Problems ◽  
Multi Criteria Decision Making ◽  
Common Phenomenon ◽  
Vikor Method ◽  
Rank Reversal

Rank reversal is a common phenomenon in multi-criteria decision-making methods. It appears when the addition/deletion of new options to the alternatives’ set produces a change in the original ranking. In this contribution, we want to assess this phenomenon in the context of the VIKOR method. Using randomly generated multi-criteria decision problems, we confirmed that rank reversal existed and strongly depended on VIKOR’s parameter. Also, we observed that the influence of the number of alternatives was stronger than that of the number of criteria. Finally, although rank reversal may exist, we saw that it may not affect the top alternative of the ranking, thus potentially having a low impact.

Sign in / Sign up

Export Citation Format

Share Document