scholarly journals Deciding a Multicriteria Decision-Making (MCDM) Method to Prioritize Maintenance Work Orders of Hydroelectric Power Plants

Energies ◽  
2021 ◽  
Vol 14 (24) ◽  
pp. 8281
Author(s):  
Renan Favarão da Silva ◽  
Marjorie Maria Bellinello ◽  
Gilberto Francisco Martha de Souza ◽  
Sara Antomarioni ◽  
Maurizio Bevilacqua ◽  
...  
Keyword(s):  
Decision Making ◽  
Power Plants ◽  
Multicriteria Decision Making ◽  
Maintenance Management ◽  
Maintenance Planning ◽  
Hydroelectric Power ◽  
Multicriteria Decision ◽  
Maintenance Work ◽  
Mcdm Method ◽  
Work Orders

The current global competitive scenario and the increase in complexity and automation of equipment and systems demand better results from maintenance management in organizations. As maintenance resources are limited, prioritizing maintenance activities is essential to allocate them properly and to meet maintenance management objectives. In the face of these challenges, multicriteria decision-making (MCDM) methods are commonly used in organizations to support decision-making. Nevertheless, selecting a suitable MCDM method for maintenance planning can be complicated given the diversity of methods and their strengths and weaknesses. In this context, this paper proposes a novel knowledge-based method for deciding a multicriteria decision-making (MCDM) method to prioritize maintenance work orders of hydroelectric plants. As the main novel contribution, it translates the intrinsic characteristics of the main MCDM methods into questions related to maintenance planning to guide the recommendation of a suitable MCDM method for organizations through a decision tree diagram. This approach was applied to a maintenance case study of a hydroelectric power plant in order to demonstrate its use and contribute to its understanding. These findings contribute to maintenance management in selecting an MCDM method aligned with the context of its maintenance planning for the prioritization of maintenance work orders.

scholarly journals Hydrogen Power Plant Site Selection Under Fuzzy Multicriteria Decision-Making (FMCDM) Environment Conditions

Symmetry ◽  
2019 ◽  
Vol 11 (4) ◽  
pp. 596 ◽  
Author(s):  
Chia-Nan Wang ◽  
Ming-Hsien Hsueh ◽  
Da-Fu Lin
Keyword(s):  
Decision Making ◽  
Power Plant ◽  
Site Selection ◽  
Power Plants ◽  
Renewable Energy Sources ◽  
Multicriteria Decision Making ◽  
Biomass Energy ◽  
Multicriteria Decision ◽  
Decision Making Unit ◽  
Plant Site

Fuel and energy are basic resources necessary to meet a country’s socioeconomic development needs; further, countries rich in these resources have the best premise for meeting the inputs of an economic system; however, this also poses many political challenges and threats to national security. Vietnam is located in the Southeast Asian monsoon-humid tropical region and has diverse fuel-energy resources such as coal, petroleum, and hydropower, along with renewable energy sources such as solar energy, biomass energy, and geothermal energy. However, the reality of economic development in recent years shows complex fluctuations in fuel and energy usage, i.e., besides the export of coal and crude oil, Vietnam still has imported processed oil products. To overcome this issue, many hydrogen power plants will be built in the future. This is why we propose fuzzy multicriteria decision-making (FMCDM) for hydrogen power plant site selection in this research. All criteria affecting location selection are determined by experts and literature reviews, and the weight of all criteria are defined by a fuzzy analytic hierarchy process (FAHP). The technique for order of preference by similarity to an ideal solution (TOPSIS) is a multicriteria decision analysis method, which is used for ranking potential locations in the final stage. As a result, the decision-making unit, DMU010 (DMU010), has become the optimal solution for building hydrogen power plants in Vietnam. A multicriteria decision-making (MCDM) model for hydrogen power plant site selection in Vietnam under fuzzy environment conditions is a contribution of this study. This research also provides useful tools for other types of renewable energies in Vietnam and other countries.

scholarly journals Sustainability in the Business Sector: A Fuzzy Multicriteria Decision-Making Model for Financial Leasing Company Selection of the Vietnamese SMEs

SAGE Open ◽  
2021 ◽  
Vol 11 (3) ◽  
pp. 215824402110360
Author(s):  
Fengsheng Chien ◽  
Chia-Nan Wang ◽  
Ka Yin Chau ◽  
Van Thanh Nguyen ◽  
Viet Tinh Nguyen
Keyword(s):  
Decision Making ◽  
Interest Rates ◽  
Small And Medium Enterprises ◽  
Multicriteria Decision Making ◽  
Primary Concern ◽  
Multicriteria Decision ◽  
Financial Leasing ◽  
Criteria Weights ◽  
Leasing Company ◽  
Selection Of

The uses and management of capital is extremely important to the operation of any businesses. However, not all businesses have available capital, so the use of loans in many different forms is always an effective solution in managing corporate finance. Accompanying with businesses, many financial leasing companies have implemented products and programs to lend money to businesses with low interest rates. So, choosing the best financial leasing company is a primary concern of businesses. To increase competitiveness, financial leasing companies often offer preferential conditions to attract businesses. Choosing the best financial leasing service to leasing is important and necessary to those businesses. Thus, the selection of a financial leasing company by small and medium enterprises benefits from the application of Multicriteria Decision-Making (MCDM) methods which allows the decision maker to consider various qualitative and quantitative criteria. In this article, the author applied Fuzzy Analytical Network Process (FANP) to calculate the related criteria weights of the financial leasing company selection problem of businesses. Then, the Technique for Order of Preference by Similarity to Ideal Solution (TOPSIS) is applied to rank the potential decision-making units. This research establishes one complete and efficient model for financial leasing company selection using FANP and TOPSIS methods. The proposed model is then applied into a real-world case study to demonstrate its feasibility.

Optimal ecodesign selection for biodiesel production in biorefineries through multicriteria decision making

2021 ◽  
Author(s):  
Luisa Andrea González-Cruz ◽  
Luis Fernando Morales-Mendoza ◽  
Alberto Alfonso Aguilar-Lasserre ◽  
Catherine Azzaro-Pantel ◽  
Paulina Martínez-Isidro ◽  
...  
Keyword(s):  
Decision Making ◽  
Multicriteria Decision Making ◽  
Biodiesel Production ◽  
Multicriteria Decision ◽  
Selection For

scholarly journals Approaches for multicriteria decision-making based on the hesitant fuzzy best–worst method

2021 ◽  
Author(s):  
Jian Li ◽  
Li-li Niu ◽  
Qiongxia Chen ◽  
Zhong-xing Wang
Keyword(s):  
Decision Making ◽  
Comparative Analysis ◽  
Programming Model ◽  
Multicriteria Decision Making ◽  
Decision Makers ◽  
Multicriteria Decision ◽  
Preference Relations ◽  
Fuzzy Preference Relations ◽  
Decision Making Models ◽  
Best Worst Method

AbstractHesitant fuzzy preference relations (HFPRs) have been widely applied in multicriteria decision-making (MCDM) for their ability to efficiently express hesitant information. To address the situation where HFPRs are necessary, this paper develops several decision-making models integrating HFPRs with the best worst method (BWM). First, consistency measures from the perspectives of additive/multiplicative consistent hesitant fuzzy best worst preference relations (HFBWPRs) are introduced. Second, several decision-making models are developed in view of the proposed additive/multiplicatively consistent HFBWPRs. The main characteristic of the constructed models is that they consider all the values included in the HFBWPRs and consider the same and different compromise limit constraints. Third, an absolute programming model is developed to obtain the decision-makers’ objective weights utilizing the information of optimal priority weight vectors and provides the calculation of decision-makers’ comprehensive weights. Finally, a framework of the MCDM procedure based on hesitant fuzzy BWM is introduced, and an illustrative example in conjunction with comparative analysis is provided to demonstrate the feasibility and efficiency of the proposed models.

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