Grey assessment and prediction of the financial agglomeration degree in central five cities

2014 ◽  
Vol 4 (1) ◽  
pp. 95-103 ◽  
Author(s):  
Li Li ◽  
Guo-hui Hu
Keyword(s):  
Decision Making ◽  
Scientific Development ◽  
Fuzzy Decision Making ◽  
Grey Prediction ◽  
Fuzzy Decision ◽  
Content Type ◽  
Multiple Dimension ◽  
The Government ◽  
Development Tendency ◽  
Decision Making Model

Purpose – At present, financial agglomeration tendency in domestic and foreign countries is increasingly evident. Therefore, from a comparative perspective, this paper aims to assess and predict the financial agglomeration degree in central five cities. Design/methodology/approach – According to the diversity of evaluating indexes and the uncertainty of financial agglomeration, this paper constructs a set of indexes of evaluating the financial agglomeration degree, comprehensively evaluates the financial agglomeration degree of the five cities – Wuhan, Changsha, Zhengzhou, Nanchang and Hefei – in China's middle region from 2001 to 2010 by using the multiple dimension grey fuzzy decision-making model, and predicts their development tendency by using the GM (1, 1, β) model. Findings – The results show that the multiple dimension grey fuzzy decision-making pattern cannot only be used to determine the weights of evaluating indexes, but also get the fuzzy partition and ranking order of the financial agglomeration in central five cities. The grey prediction results can objectively reflect the development tendency of the financial agglomeration in central five cities. Practical implications – From the results, it is necessary for any competitive city to clarify their relative strengths and weaknesses in order for the accurate location and scientific development, and it also provides a reference for the government decision-making. Originality/value – The paper succeeds in using the multiple dimension grey fuzzy decision-making model to measure the financial agglomeration degree of the five central cities and the grey prediction model to predict future trends.

Selection of resilient suppliers in manufacturing industries post-COVID-19: implications for economic and social sustainability in emerging economies

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Abhijit Majumdar ◽  
Jeevaraj S ◽  
Mathiyazhagan Kaliyan ◽  
Rohit Agrawal
Keyword(s):  
Decision Making ◽  
Incomplete Information ◽  
Emerging Economies ◽  
Supplier Selection ◽  
Fuzzy Decision Making ◽  
Ideal Solution ◽  
Fuzzy Decision ◽  
Content Type ◽  
Intuitionistic Fuzzy ◽  
Selection Of

PurposeSelection of resilient suppliers has attracted the attention of researchers in the past one decade. The devastating effect of COVID-19 in emerging economies has provided great impetus to the selection of resilient suppliers. Under volatile and uncertain business scenarios, supplier selection is often done under imprecise and incomplete information, making the traditional decision-making methods ineffective. The purpose of this paper is to demonstrate the application of a fuzzy decision-making method for resilient supplier selection.Design/methodology/approachA group of three decision makers was considered for evaluating various alternatives (suppliers) based on their performance under different primary, sustainability and resilience criteria. Experts' opinion about each criterion and alternative was captured in linguistic terms and was modelled using fuzzy numbers. Then, an algorithm for solving resilient supplier selection problem based on the trapezoidal intuitionistic fuzzy technique for order preference by similarity to ideal solution (TrIFTOPSIS) was introduced and demonstrated through a case study.FindingsA closeness coefficient was used to rank the suppliers based on their distances from intuitionistic fuzzy positive-ideal solution and intuitionistic fuzzy negative-ideal solution. Finally, the proposed fuzzy decision making model was applied to a real problem of supplier selection in the clothing industry.Originality/valueThe presented TrIFTOPSIS model provides an effective route to prioritise and select resilient suppliers under imprecise and incomplete information. This is the first application of intuitionistic fuzzy multi-criteria decision-making for resilient supplier selection.

A Class of Level-2 Fuzzy Decision-Making Model with Expected Objectives and Chance Constraints: Application to Supply Chain Network Design

2015 ◽  
Vol 16 (04) ◽  
pp. 907-938 ◽  
Author(s):  
Xiaoyang Zhou ◽  
Yan Tu ◽  
Jing Han ◽  
Jiuping Xu ◽  
Xionghui Ye
Keyword(s):  
Decision Making ◽  
Supply Chain ◽  
Network Design ◽  
General Level ◽  
Fuzzy Decision Making ◽  
Supply Chain Network Design ◽  
Supply Chain Network ◽  
Fuzzy Decision ◽  
Decision Making Model ◽  
Level 2

In this paper, we concentrate on dealing with a class of decision-making problems with level-2 fuzzy coefficients. We first discuss how to transform a level-2 fuzzy decision-making model with expected objectives and chance constrained into crisp equivalent models, then an interactive fuzzy satisfying method is introduced to obtain the decision makers satisfying solution. In addition, the technique of level-2 simulations is applied to deal with general level-2 fuzzy models which are usually hard to be converted into their crisp equivalents. Furthermore, based on the level-2 fuzzy programming, we focus on the supply chain network design problem where the total transport costs and the customer demands are assumed to be level-2 fuzzy numbers, a hybrid intelligent algorithm based on GA is used to solve the general supply chain design model. Finally, a numerical example and a case study are presented to illustrate the effectiveness of the model and the algorithm.

Application of fuzzy DEMATEL and fuzzy CODAS for analysis of workforce attributes pertaining to Industry 4.0: a case study

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
S Vinodh ◽  
Vishal Ashok Wankhede
Keyword(s):  
Decision Making ◽  
Industry 4.0 ◽  
Skills Training ◽  
Fuzzy Decision Making ◽  
System Modelling ◽  
Fuzzy Decision ◽  
Fuzzy Dematel ◽  
Content Type ◽  
Modern Manufacturing

PurposeThe aim of this study is to analyze workforce attributes related to Industry 4.0 using fuzzy decision-making trial and evaluation laboratory (DEMATEL) and fuzzy combinative distance-based assessment (CODAS).Design/methodology/approachTechnological trends stipulate various revolution in industries. Industry 4.0 is a vital challenge for modern manufacturing industries. Workforce adoption to such challenge is gaining vital importance. Therefore, such workforce-related attributes need to be identified for enhancing their performance in Industry 4.0 environment. In this context, this article highlights the analysis of 20 workforce attributes for Industry 4.0. Relevant criteria are prioritized using fuzzy DEMATEL. Workforce attributes are prioritized using fuzzy CODAS.FindingsThe key attributes are “Skills/training in decision-making (WA2)”, “Competences in complex system modelling and simulation (WA1)” and “Coding skills (WA20)”.Research limitations/implicationsIn the present study, 20 workforce attributes are being considered. In future, additional workforce attributes could be considered.Practical implicationsThe study has been conducted based on inputs from industry experts. Hence, the inferences have practical relevance.Originality/valueThe analysis of workforce attributes for Industry 4.0 using MCDM methods is the original contribution of the authors.

scholarly journals A Multi-criteria Decision-making Model for Evaluating Suppliers in Green SCM

2018 ◽  
Vol 13 (3) ◽  
pp. 337-352 ◽  
Author(s):  
Wen Jiang ◽  
Chan Huang
Keyword(s):  
Decision Making ◽  
Supply Chain ◽  
Weighted Averaging ◽  
Fuzzy Decision Making ◽  
Fuzzy Decision ◽  
Environment Impact ◽  
Recycle Economy ◽  
Fuzzy Decision Model ◽  
Green Suppliers ◽  
Decision Making Model

In order to develop recycle economy and friendly saving environment, many business enterprises have deployed green supply chain management (GSCM) practices. By employing related theorise of GSCM, organizations expect to minimize the environment impact caused by their commercial and industrial activities in supply chain. Different suppliers may provide different GSCM practices, so evaluating their GSCM performance to rank the green suppliers is an important aspect in practice. In this paper, a novel decision method named fuzzy generalized regret decision-making method is proposed. The fuzzy generalized regret decision-making method is based on ordered weighted averaging (OWA) operator, which is used to effectively aggregate individual regrets related to all stats of nature for an alternative under fuzzy decision-making environment. By combing the proposed method with the application background of GSCM practices, a novel fuzzy decision model for evaluating GSCM performance is further proposed. In the proposed model, the regret of decision maker is taken into consideration with an aim of minimizing the dissatisfaction when choosing the best green supplier. Individual regrets related to all criteria for a green supplier are aggregated to obtain effective regret. Finally, the green suppliers can be ranked according to the effective regrets. A numerical example is used to illustrate the effectiveness of the proposed method.

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