Investment projects evaluation by simulation and multiple criteria decision aiding procedure

2005 ◽  
Vol 11 (3) ◽  
pp. 193-202 ◽  
Author(s):  
Maciej Nowak
2005 ◽  
Vol 11 (3) ◽  
pp. 193-202 ◽  
Author(s):  
Maciej Nowak

The paper considers an investment projects selection problem. The evaluation of each project is usually a multidimensional problem. On the one hand, financial analysis is very important, on the other, however, technical, social, and ecological factors are taken into account too. While financial criteria are usually of quantitative nature, others are often based on qualitative judgments. As the analysis of each project is based on uncertain assumptions, so the problem can be considered as a discrete stochastic multiple criteria decision‐making problem. In this paper simulation, stochastic dominance rules and multiple criteria decision aiding procedure PROMETHEE II are employed for solving such a problem. While simulation technique is used for obtaining financial evaluations of projects, experts’ judgments are taken into account in order to evaluate project with respect to other criteria. Thus, quantitative and qualitative factors are considered in this approach.


2015 ◽  
Vol 17 (5) ◽  
pp. 2825-2839 ◽  
Author(s):  
Marco Cinelli ◽  
Stuart R. Coles ◽  
Mallikarjuna N. Nadagouda ◽  
Jerzy Błaszczyński ◽  
Roman Słowiński ◽  
...  

The Multiple Criteria Decision Aiding (MCDA) method allows the derivation of a model that can be used for classification of existing or new production processes for silver nanoparticles in preference-ordered classes on the basis of the principles of green chemistry.


2011 ◽  
Vol 80 (4) ◽  
pp. 262-273 ◽  
Author(s):  
J.R. Figueira ◽  
J. Almeida-Dias ◽  
S. Matias ◽  
B. Roy ◽  
M.J. Carvalho ◽  
...  

2013 ◽  
Vol 17 ◽  
pp. 324-331 ◽  
Author(s):  
Luiz Flavio Autran Monteiro Gomes ◽  
Maria Augusta Soares Machado ◽  
Francisco Ferreira da Costa ◽  
Luis Alberto Duncan Rangel

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