Improvement of overall performance of micro/small scale industries (MSSI) using multi-criteria decision making (MCDM)

In many small scale industries General Purpose radial drill machine is used for drilling. On which many jobs are performed by just changing the tool. A special table is required to place the tool. Tables consume a large floor space. To overcome this problem there is a need to design a multi tool holding attachment for radial drill machine. The main purpose of this paper is to design a multi tool holding attachment for radial drill machine. The best solution for this is use of multi tool holding attachment. Here the multiple tools holding attachment can be fixed on the column of the radial drill machine. At a time four tools can be placed on the tool holder. The attachment can revolve about the axis of the column of the radial drill machine. Installing this attachment will reduce the required of floor space. The analysis of the multi tool holding attachment was done on Ansys software. It will also reduce the fatigue to worker which is caused due to regular bending, for changing the tool. Reduction in fatigue improves the decision making quality of the worker and improve his productivity. It’s easy installation and rigid design make it durable and cost efficient.

Download Full-text

EVALUATING THE COMPREHENSIVE IMPACTS OF TOURISM IN HAINAN BY INTERGRATING INPUT-OUTPUT MODEL WITH MCDM METHODS

Technological and Economic Development of Economy ◽

10.3846/tede.2020.12706 ◽

2020 ◽

Vol 26 (5) ◽

pp. 989-1029

Author(s):

Ping-Ping Lin ◽

Deng-Feng Li ◽

Bin-Qian Jiang ◽

Gao-Feng Yu ◽

An-Peng Wei

Keyword(s):

Decision Making ◽

Evaluation Criteria ◽

Multi Criteria Decision Making ◽

Entropy Theory ◽

Input Output ◽

Economic Dimension ◽

Four Dimensions ◽

Criterion Weight ◽

System 2 ◽

Overall Performance

To evaluate the comprehensive impacts of tourism in Hainan, this paper proposes an approach integrating input-output (IO) model with multi-criteria decision making (MCDM) methods. Four steps are taken: (1) constructing an extended IO model that can separate out domestic and imported effects from the traditional IO system; (2) constituting a 3-level evaluation criteria hierarchy based on various tourism multipliers obtained from the extended IO model; (3) calculating the weights of criteria using the entropy theory; (4) giving an evaluation of comprehensive impacts of tourism based on four MCDM methods – WSM, TOPSIS, ELECTRE, and PROMETHEE. Using Hainan 2002, 2007, and 2012 IO tables as database, the proposed approach is implemented in the empirical study of Hainan. The results show economic dimension is the most important consideration and the overall performance of tourism in Hainan shows a trend of first increasing and then decreasing from 2002 to 2012. Two types sensitivity analysis of weights show single criterion weight change has little influence on the results. But it is different when four dimensions weights change. Especially, when the environmental dimension is valued, the overall performance gets worse annually. These findings can offer insightful policies for the development of Hainan’s tourism.

Download Full-text

Framework to Analyze Construction Labor Productivity Using Fuzzy Data Clustering and Multi-Criteria Decision-Making

Construction Research Congress 2020 ◽

10.1061/9780784482865.006 ◽

2020 ◽

Author(s):

Matin Kazerooni ◽

Mohammad Raoufi ◽

Aminah Robinson Fayek

Keyword(s):

Decision Making ◽

Labor Productivity ◽

Data Clustering ◽

Fuzzy Data ◽

Multi Criteria Decision Making

Download Full-text

Perancangan aplikasi multi criteria decision making dalam penerimaan beasiswa kepada dosen studi lanjut STMIK Balikpapan menggunakan metode SAW

Jurnal Sistem Informasi dan Komputer Terapan Indonesia (JSIKTI) ◽

10.33173/jsikti.10 ◽

2018 ◽

Vol 1 (1) ◽

pp. 35-42

Author(s):

Muslimin B ◽

Sumardi Sumardi

Keyword(s):

Decision Making ◽

Learning Process ◽

Teaching And Learning ◽

Teaching Assistants ◽

Multi Criteria Decision Making ◽

Scholarship Recipients ◽

The Matrix ◽

Application Decision ◽

High Degree ◽

New Student

Interests and number of STMIK Balikpapan new student enrollments are increasing every year. The balance of the ratio of lecturers to students is one of the most important components in improving the quality and teaching and learning process of a university. Avoiding shortages in the number of lecturers can be realized by providing scholarship programs to alumni and teaching assistants. This study aims to build a multi criteria decision making application that can assist the Head of HRD in the process of receiving scholarships to advanced and effective study lecturers. The multi criteria decision making application developed in this study uses the SAW method. The implementation of the SAW method includes the process of evaluating the weighting of criteria, evaluating alternative weights, the matrix process, the results of decision making preferences, resulting in the weighting and ranking of each alternative candidate for the scholarship recipient. The results of the evaluation of multi-criteria application decision making in the study are expected to produce modeling with a high degree of accuracy. The results of the analysis carried out can provide alternative recommendations for prospective scholarship recipients to advanced study lecturers in STMIK Balikpapan.

Download Full-text

Applying the Multi-Criteria Decision Making Model for Ranking Commercial Banks: The Case of Vietnam

Journal of Economics and Development ◽

10.33301/2019.jed.spi.09 ◽

2019 ◽

pp. 125-133

Author(s):

Duong Truong Thi Thuy ◽

Anh Pham Thi Hoang

Keyword(s):

Decision Making ◽

Commercial Banks ◽

Decision Model ◽

Business Models ◽

Multi Criteria Decision Making ◽

Ideal Solution ◽

Topsis Method ◽

Decision Making Model

Banking has always played an important role in the economy because of its effects on individuals as well as on the economy. In the process of renovation and modernization of the country, the system of commercial banks has changed dramatically. Business models and services have become more diversified. Therefore, the performance of commercial banks is always attracting the attention of managers, supervisors, banks and customers. Bank ranking can be viewed as a multi-criteria decision model. This article uses the technique for order of preference by similarity to ideal solution (TOPSIS) method to rank some commercial banks in Vietnam.

Download Full-text