Multiple Criteria Decision Making (MCDM) Process in Selecting Location for Floating Storage and Regasification Unit (FSRU): A Case Study of Bali Island Project

2009 ◽  
Author(s):  
Ketut Buda Artana
Keyword(s):  
Decision Making ◽  
Multiple Criteria Decision Making ◽  
Entropy Method ◽  
Multiple Criteria ◽  
Total Probability ◽  
Decision Matrix ◽  
Qualitative And Quantitative ◽  
Probability Assignment ◽  
Qualitative Attribute

This paper presents a case study in selecting the best location for a Floating Storage and Regasification Unit (FSRU) in Bali. FSRU is an alternative to replace a conventional shore LNG terminal. The selection involves several criteria/attributes that can be grouped into two general attributes, namely qualitative and quantitative attribute. Multiple Criteria Decision Making (MCDM) approach is utilized to solve the selection problem, considering the capability of this method in solving multi-criteria problem with mutual conflict. Qualitative criteria is evaluated using AHP method to calculate weight of each criteria, and decision matrix algorithm is then utilized to convert preference of stakeholders into, consecutively, probability assignment, total probability assignment and preference degree. Quantitative criteria are also converted into preference degree and after combining with the preference degree of qualitative attribute, entropy method is then used to rank the alternatives. Selected location would be the alternative having the highest entropy. Four alternatives are under consideration; Benoa, Celukan Bawang, Pemaron and Gilimanuk. This research found that Celukan Bawang is the best location for the FSRU.

scholarly journals Multiple-Criteria Decision-Making for Assessing the Enhanced Geothermal Systems

Energies ◽  
2019 ◽  
Vol 12 (9) ◽  
pp. 1597 ◽  
Author(s):  
Raos ◽  
Ilak ◽  
Rajšl ◽  
Bilić ◽  
Trullenque
Keyword(s):  
Decision Making ◽  
Spatial Data ◽  
Risk Mitigation ◽  
Multiple Criteria Decision Making ◽  
Multiple Criteria ◽  
Enhanced Geothermal Systems ◽  
Geothermal Systems ◽  
Decision Matrix ◽  
Technical Specifications

This paper presents the main features of a multiple-criteria decision-making tool for economic and environmental assessment of enhanced geothermal systems projects. The presented holistic approach takes into account important influencing factors such as technical specifications, geological characteristics, spatial data, energy and heat prices, and social and environmental impact. The multiple-criteria decision-making approach uses a weighted decision matrix for evaluating different enhanced geothermal systems alternatives based on a set of criterions which are defined and presented in this paper. The paper, defines and quantifies new criterions for assessing enhanced geothermal systems for a particular site. For evaluation of the relative importance of each criterion in decision making, the weight is associated with each of the listed criterions. The different scenarios of end-use applications are tested in the case study. Finally, in the case study, the data and statistics are collected from real geothermal plants. The case study provides results for several scenarios and the sensitivity analysis based on which the approach is validated. The proposed method is expected to be of great interest to investors and decision makers as it enables better risk mitigation.

Learning from failures: Design improvements using a multiple criteria decision-making process

2003 ◽  
Vol 217 (4) ◽  
pp. 207-216 ◽  
Author(s):  
G G Davidson ◽  
A W Labib
Keyword(s):  
Decision Making ◽  
Failure Modes ◽  
Multiple Criteria Decision Making ◽  
Multiple Criteria ◽  
Mathematical Representation ◽  
Analytic Hierarchy ◽  
Proposed Model ◽  
Invaluable Tool ◽  
History Of

This paper proposes a new concept of decision analysis based on a multiple criteria decision making (MCDM) process. This is achieved through the provision of a systematic and generic methodology for the implementation of design improvements based on experience of past failures. This is illustrated in the form of a case study identifying the changes made to Concorde after the 2000 accident. The proposed model uses the analytic hierarchy process (AHP) mathematical model as a backbone and integrates elements of a modified failure modes and effects analysis (FMEA). The AHP has proven to be an invaluable tool for decision support since it allows a fully documented and transparent decision to be made with full accountability. In addition, it facilitates the task of justifying improvement decisions. The paper is divided as follows: the first section presents an outline of the background to the Concorde accident and its history of related (non-catastrophic) malfunctions. The AHP methodology and its mathematical representation are then presented with the integrated FMEA applied to the Concorde accident. The case study arrives at the same conclusion as engineers working on Concorde after the accident: that the aircraft may fly again if the lining of the fuel tanks are modified.

scholarly journals A Q-RUNG ORTHOPAIR FUZZY GLDS METHOD FOR INVESTMENT EVALUATION OF BE ANGEL CAPITAL IN CHINA

2020 ◽  
Vol 26 (1) ◽  
pp. 103-134 ◽  
Author(s):  
Huchang Liao ◽  
Hongrun Zhang ◽  
Cheng Zhang ◽  
Xingli Wu ◽  
Abbas Mardani ◽  
...  
Keyword(s):  
Decision Making ◽  
Fuzzy Set ◽  
Distance Measure ◽  
Intuitionistic Fuzzy Set ◽  
Multiple Criteria Decision Making ◽  
Multiple Criteria ◽  
Investment Evaluation ◽  
Dominance Score ◽  
Do So

As a generalized form of both intuitionistic fuzzy set and Pythagorean fuzzy sets, the q-rung orthopair fuzzy set (q-ROFS) has strong ability to handle uncertain or imprecision decisionmaking problems. This paper aims to introduce a new multiple criteria decision making method based on the original gain and lost dominance score (GLDS) method for investment evaluation. To do so, we first propose a new distance measure of q-rung orthopair fuzzy numbers (q-ROFNs), which takes into account the hesitancy degree of q-ROFNs. Subsequently, two methods are developed to determine the weights of DMs and criteria, respectively. Next, the original GLDS method is improved from the aspects of dominance flows and order scores of alternatives to address the multiple criteria decision making problems with q-ROFS information. Finally, a case study concerning the investment evaluation of the BE angle capital is given to illustrate the applicability and superiority of the proposed method.

Multiple-criteria fuzzy group decision-making with multi-choice goal programming for supplier selection: A case study

2019 ◽  
Vol 11 (03) ◽  
pp. 1950029
Author(s):  
Ashoke Kumar Bera ◽  
Dipak Kumar Jana ◽  
Debamalya Banerjee ◽  
Titas Nandy
Keyword(s):  
Decision Making ◽  
Goal Programming ◽  
Supplier Selection ◽  
Multiple Criteria Decision Making ◽  
Fuzzy Topsis ◽  
Multiple Criteria ◽  
Linguistic Variables ◽  
Manufacturing Organization ◽  
Fuzzy Group Decision Making

In today’s highly turbulent and competitive environment, the success of the organization depends on the performance of its suppliers. However, supplier selection problems are complex as they involve a large number of criteria and, frequently, some of the criteria cannot be evaluated precisely. Moreover, fluctuations of supplier performances and unknown information always exist in real-world decision-making. It is a complex multiple-criteria decision-making (MCDM) problem as it involves a trade-off among various criteria with vagueness and imprecision and also involves a group of experts with diverse opinion. Therefore, to make more practical decisions, this paper is intended to propose an integrated technique for order preference by similarity to ideal solution (TOPSIS) in fuzzy environment with multi-choice goal programming (MCGP) to handle the supplier assessment and order allocation for a battery manufacturing organization. Using linguistic variables, the decision-makers assess the rating of suppliers as well as the importance of various factors. Linguistic variables are expressed in trapezoidal fuzzy numbers (TrFN). Fuzzy-TOPSIS method is proposed to obtain the rank of suppliers and MCGP method is used to allocate suitable orders to the selected suppliers. A case study is implemented to find the applicability and validity of the proposed model. Finally, sensitivity analysis is performed to observe the effect of weights of criteria on supplier evaluation problem.

scholarly journals New approach to decision making by multiple criteria analysis

2018 ◽  
Vol 146 ◽  
pp. 01002 ◽  
Author(s):  
Tomas Vanicek ◽  
Jana Kucerova
Keyword(s):  
Decision Making ◽  
Multiple Criteria Decision Making ◽  
Decision Support Tool ◽  
Decision Processes ◽  
Multiple Criteria ◽  
New Approach ◽  
Support Tool ◽  
Different Types ◽  
Multiple Criteria Evaluation

Many decision processes in technical and economical sciences require multiple criteria decision making. The most widely applied methods for multiple criteria evaluation of alternatives are based on the evaluation of alternatives in terms of an additive preference function. All of them require the estimation of weights of usually conflicting criteria. There are several methods how to find the weights of the criteria and how to find the evaluation of each solution in each criterion. The decision process based on simple weighted sum of values may not be the best approach in all situations. This paper contains a new approach of the evaluation of measured value set by different mathematical operators than the usually used multiple criteria evaluation methods. The approach was applied in a case study for multiple criteria evaluation. Generally, this new decision-support tool can help in various situations where different types of effects caused by a construction or reconstruction can occur. This is a very frequent situation in dealing with building defects, too.

A method for threshold selection in load extrapolation based on multiple criteria decision-making technology

2017 ◽  
Vol 08 (03) ◽  
pp. 1750019
Author(s):  
Jixin Wang ◽  
Qingsong Liu ◽  
Xinting Zhai
Keyword(s):  
Decision Making ◽  
Comprehensive Evaluation ◽  
Multiple Criteria Decision Making ◽  
Entropy Method ◽  
Multiple Criteria ◽  
Threshold Selection ◽  
Selection Methods ◽  
Additional Method ◽  
Random Simulation ◽  
Peak Over Threshold

In order to establish an accurate peak over threshold (POT) model for reasonable load extrapolation, a new threshold selection method based on multiple criteria decision making (MCDM) technology is proposed. The fitting test criterion is taken into consideration in the method. For each candidate threshold, the fitting values of several fitting test criteria are integrated into a comprehensive evaluation value through entropy method and MCDM technology. The threshold corresponding to the minimum comprehensive evaluation value is assumed as the optimal threshold. A random simulation study is carried out to evaluate the performance of the method and to compare them with other literature methods. Genuine load data are applied the proposed method. Both the results shown that the proposed method could be seen as an additional method that complements existing threshold selection methods.

scholarly journals Multiple Criteria Decision Making Based on Discrete Linguistic Stochastic Variables

2013 ◽  
Vol 2013 ◽  
pp. 1-11 ◽  
Author(s):  
Jian Ren ◽  
Yang Gao ◽  
Can Bian
Keyword(s):  
Decision Making ◽  
Incomplete Information ◽  
Multiple Criteria Decision Making ◽  
Weight Vector ◽  
Multiple Criteria ◽  
State Probability ◽  
Decision Matrix ◽  
Numerical Example ◽  
Basic Parameters ◽  
Alternative Set

For solving the discrete linguistic stochastic multiple criteria decision making problems with incomplete information, a new decision making method based on the differences between the superiorities and the inferiorities is proposed. According to the two basic parameters which are the possible outcome and the state probability, the superior decision matrix and the inferior decision matrix of the alternative set under each criterion are first worked out. Then, by the differences between the elements on the appropriate locations of these matrices, the corresponding dominant decision matrices are formed. Subsequently, with the help of the weight vector of the criterion set, the weighted integrated dominant decision matrix of the alternative set is built. Consequently, the weighted integrated dominant indices' sum of each alternative is calculated. Thus, the rank of the alternatives comes out. Finally, a numerical example is given. The result shows the superiority of the method.

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