scholarly journals A Hybrid Multiple Criteria Decision-Making Technique to Evaluate Regional Intellectual Capital: Evidence from China

Mathematics ◽  
2021 ◽  
Vol 9 (14) ◽  
pp. 1676
Author(s):  
Chao Liu ◽  
Kexin Li ◽  
Peng Jiang ◽  
Ding Li ◽  
Liping Su ◽  
...  
Keyword(s):  
Decision Making ◽  
Intellectual Capital ◽  
Hybrid Method ◽  
Relative Weight ◽  
Multiple Criteria Decision Making ◽  
Analytic Network Process ◽  
Multiple Criteria ◽  
Current Status ◽  
Resource Endowment ◽  
Network Process

With the dawn of economic globalization and the knowledge economy, intellectual capital has become the most important factor to determine economic growth. However, due to resource endowment, location conditions, policy differences, and other factors, provinces in China show sizeable differences in regional intellectual capital (RIC), which affects the coordinated development of the regional economy. Evaluating RIC is a typical multiple-criteria decision-making (MCDM) problem. Therefore, this study employs a set of MCDM techniques to solve this problem. First, the Delphi method is used to determine the formal decision structure based on a systematic literature review. A novel hybrid method, namely, the Grey-based Decision-Making Trial and Evaluation Laboratory (DEMATEL) and Analytic Network Process (ANP), i.e., GDANP, is employed to obtain the relative weight of each criterion. Finally, based on the data of 31 provinces in China, the Technique for Order Preference by Similarity to an Ideal Solution (TOPSIS) is used to evaluate the RIC. According to the questionnaires filled out by an expert panel, we establish an evaluation index of RIC with 21 criteria. Based on the results of empirical study, the level of RIC in different regions in China is quite different. Furthermore, the RIC ranking is largely consistent with the provincial gross domestic product (GDP) ranking, in line with the current status of development in the regions. Indeed, this paper shows that the proposed hybrid method can effectively measure the level of RIC.

scholarly journals A Hybrid Multiple Criteria Decision Making Model for Selecting the Location of Women’s Fitness Centers

2018 ◽  
Vol 2018 ◽  
pp. 1-11 ◽  
Author(s):  
Sen-Kuei Liao ◽  
Hsiao-Yin Hsu ◽  
Kuei-Lun Chang
Keyword(s):  
Decision Making ◽  
Selection Criteria ◽  
Multiple Criteria Decision Making ◽  
Analytic Network Process ◽  
Multiple Criteria ◽  
Fitness Centers ◽  
Location Selection ◽  
Fuzzy Delphi ◽  
Proposed Model ◽  
Network Process

Location selection is a critical problem for businesses that can determine the success of an organization. Selecting the optimal location from a pool of alternatives belongs to a multiple criteria decision making (MCDM) problem. This study employed a hybrid MCDM technique to select locations for women’s fitness centers in Taiwan. In the beginning, the fuzzy Delphi method was utilized to obtain selection criteria from interviewed senior executives. In the second stage, the decision making trial and evaluation laboratory (DEMATEL) was employed to extract interdependencies between the selection criteria within each perspective. On the basis of interdependencies between the selection criteria, the analytic network process (ANP) was used to get respective weights of each criterion. Finally, the technique for order preference by similarity to ideal solution (TOPSIS) was ranking the alternatives. To demonstrate application of the proposed model and illustrate a location selection problem, a case was conducted. The capabilities and effectiveness of the proposed model are revealed.

An Analytical Model for Evaluating Wind Turbine Types

2014 ◽  
Vol 543-547 ◽  
pp. 333-336 ◽  
Author(s):  
Amy H.I. Lee ◽  
Meng Chan Hung ◽  
W.L. Pearn ◽  
He Yau Kang
Keyword(s):  
Decision Making ◽  
Renewable Energy ◽  
Evaluation Model ◽  
Renewable Energy Sources ◽  
Multiple Criteria Decision Making ◽  
Analytic Network Process ◽  
Renewable Energy Resources ◽  
Network Process ◽  
Term Energy

With worldwide developments stressing the security, economy, human well-beings and environmental costs of relying heavily on fossil and nuclear energy, the demand of safe renewable energy resources is expanding consistently and tremendously in recent years. With its safe and environmental characteristics, wind energy production has become one of the fastest growing renewable energy sources in the world. While new wind power capacity is being added in more places in various countries, the installation of wind turbines is an important process for long-term energy generation. In this study, an evaluation model, which incorporates multiple criteria decision making (MCDM) methods, including decision making trial and evaluation laboratory (DEMATEL) and fuzzy analytic network process (FANP), is developed to establish interactive relationships between criteria. Fuzzy Yager ranking method is used for deffuzification. The final ranking of the alternatives is obtained, and this can provide decision-makers for references.

Integration of SWOT analysis with hybrid modified TOPSIS for the lean strategy evaluation

2016 ◽  
Vol 232 (7) ◽  
pp. 1295-1309 ◽  
Author(s):  
Suresh Prasad ◽  
Dinesh Khanduja ◽  
Surrender K Sharma
Keyword(s):  
Decision Making ◽  
Swot Analysis ◽  
Multiple Criteria Decision Making ◽  
Evaluation Process ◽  
Analytic Network Process ◽  
Foundry Industry ◽  
Strategy Evaluation ◽  
Network Process ◽  
Modified Topsis ◽  
Topsis Technique

This article deals with the lean strategy evaluation process using SWOT (strengths, weaknesses, opportunities and threats) analysis aimed at identifying lean strategies and providing an initial decision framework. It involves specifying the objective of the industry and identification of internal and external factors and its sub-factors and lean strategies, which are either favourable or unfavourable in the accomplishment of the stated objective. However, the SWOT analysis method does not provide an analytical method to evaluate the priorities of identified decisive strategic factors. To overcome this limitation, this article presents a case study in an Indian foundry industry using two multiple criteria decision-making methods, that is, analytic network process and modified TOPSIS (technique for order of preference by similarity to ideal solution), to provide a computable basis in determining the rank of lean strategies. In this approach, the analytic network process is used to calculate the priorities of identified SWOT factors and sub-factors and the modified TOPSIS is applied to rank the lean strategies. A sensitivity analysis is also provided to illustrate how ‘sensitive’ the proposed model is to changes in the priorities of SWOT factors. The results show that the quantitative SWOT analysis–based approach is a feasible and exceedingly capable method that provides vital sensitivity in evaluating the priorities of lean strategies for an Indian foundry industry and can also be employed as an effective method for many other complex decision-making processes.

A Hybrid Multiple Criteria Decision Making Technique for Prioritizing Equipments

2010 ◽  
Vol 1 (4) ◽  
pp. 56-75 ◽  
Author(s):  
Sarojini Jajimoggala ◽  
V.V.S. Kesava Rao ◽  
Satyanarayana Beela
Keyword(s):  
Decision Making ◽  
Multiple Criteria Decision Making ◽  
Least Square Method ◽  
Multiple Criteria ◽  
Least Square ◽  
Evaluation Procedures ◽  
Reliability Centered Maintenance ◽  
Network Process ◽  
Order Preference ◽  
Pair Wise Comparison

Prioritization of equipment is an important factor for decision making to optimize maintenance management in Reliability Centered Maintenance (RCM). Many factors must be considered as part of the prioritization of equipment for maintenance activities. Consequently, evaluation procedures involve several objectives and it is often necessary to compromise among conflicting tangible and intangible factors. Multiple Criteria Decision Making (MCDM) is a useful approach to solve these problems. In this study, a hybrid model is developed for prioritizing the equipment in hybrid flow systems. The first stage involves identifying the criteria. The second stage is prioritizing the different criteria using fuzzy Analytical Network Process (ANP), in which the weight of each criterion is calculated using modified fuzzy Logarithmic Least Square Method (LLSM) to overcome the criticism of inconsistency, unbalanced scale of judgments, uncertainty and imprecision in the pair-wise comparison process, then finally ranking of equipment using fuzzy Technique for Order Preference by Similarity to Ideal Solution (TOPSIS).

A Hybrid Multiple Criteria Decision Making Technique for Prioritizing Equipments

2012 ◽  
pp. 256-275
Author(s):  
Sarojini Jajimoggala ◽  
V. V. S. Kesava Rao ◽  
Satyanarayana Beela
Keyword(s):  
Decision Making ◽  
Multiple Criteria Decision Making ◽  
Least Square Method ◽  
Multiple Criteria ◽  
Least Square ◽  
Evaluation Procedures ◽  
Reliability Centered Maintenance ◽  
Network Process ◽  
Order Preference ◽  
Pair Wise Comparison

Prioritization of equipment is an important factor for decision making to optimize maintenance management in Reliability Centered Maintenance (RCM). Many factors must be considered as part of the prioritization of equipment for maintenance activities. Consequently, evaluation procedures involve several objectives and it is often necessary to compromise among conflicting tangible and intangible factors. Multiple Criteria Decision Making (MCDM) is a useful approach to solve these problems. In this study, a hybrid model is developed for prioritizing the equipment in hybrid flow systems. The first stage involves identifying the criteria. The second stage is prioritizing the different criteria using fuzzy Analytical Network Process (ANP), in which the weight of each criterion is calculated using modified fuzzy Logarithmic Least Square Method (LLSM) to overcome the criticism of inconsistency, unbalanced scale of judgments, uncertainty and imprecision in the pair-wise comparison process, then finally ranking of equipment using fuzzy Technique for Order Preference by Similarity to Ideal Solution (TOPSIS).

Selecting an Advertising Agency: A Multi-Criteria Decision Making Approach

2008 ◽  
Vol 12 (4) ◽  
pp. 13-22 ◽  
Author(s):  
Mohd. Nishat Faisal ◽  
Bilal Mustafa Khan
Keyword(s):  
Decision Making ◽  
Evaluation Criteria ◽  
Multiple Criteria Decision Making ◽  
Analytic Network Process ◽  
Advertising Agency ◽  
Product Service ◽  
Proposed Model ◽  
Network Process ◽  
Product Personality ◽  
Mcdm Method

Indian economy is evolving day by day, and with an upswing spending power of its inhabitants advertising has been emerging as one of the most effective tools for the companies to reach out to their customers. Best advertisement agencies create value through giving the product personality, developing an understanding of product/service, creating an image or memorable picture of that product and above all trying to distinguish the product apart from its competitors. Today, advertising budgets of companies are rising and thus there are numerous agencies in the market vying for their shares. But there exists no method, which can take into account numerous criterions and their impact simultaneously under consideration while selecting a best advertisement agency. Selecting an advertisement agency is a multiple criteria decision-making (MCDM) problem that requires considering large number of complex factors as multiple evaluation criteria. A robust MCDM method should consider the interactions among criteria. Analytic network process (ANP) is a relatively new MCDM method which can deal with all kinds of interactions systematically. This paper proposes an ANP based methodology for the selection of advertisement agencies. ANP is capable of measuring the relative importance that captures all indirect interactions in a network required to be considered in an advertisement agency selection and also their interactions. Additionally, the proposed model is evaluated for a case company.

scholarly journals Using a Hybrid Multiple-Criteria Decision-Making Technique to Identify Key Factors Influencing Microblog Users’ Diffusion Behaviors in Emergencies: Evidence from Generations Born after 2000

Symmetry ◽  
2019 ◽  
Vol 11 (2) ◽  
pp. 265 ◽  
Author(s):  
Yanxia Lu ◽  
Chun Jin ◽  
Jiangnan Qiu ◽  
Peng Jiang
Keyword(s):  
Decision Making ◽  
Behavioral Intention ◽  
Multiple Criteria Decision Making ◽  
Mobile Internet ◽  
Multiple Criteria ◽  
Perceived Usefulness ◽  
Key Factors ◽  
Factors Influencing ◽  
Network Process ◽  
Diffusion Behaviors

Recently, some appalling events have attracted wide attention, such as the RYB (Red, Yellow and Blue) child abuse incident, the killing of stewardesses by online car-hailing, and the swine fever epidemic. With the development of mobile Internet, Microblog has accelerated the spread of emergencies. Diffusion behavior is affected by different motivations, and motivation theory declared that internal and external motivations are the direct influencing factors of users’ behavioral intention. Therefore, this study uses a hybrid multiple-criteria decision-making (MCDM) technique, combining the decision-making trial and evaluation laboratory (DEMATEL) and analytical network process (ANP) to identify the key factors influencing user’s diffusion behaviors in emergencies. According to the results of empirical study, perceived usefulness, perceived emotionality, perceived accessibility, information timeliness, and information authoritativeness are identified as the key factors influencing user’s diffusion behaviors. Finally, we propose some managerial suggestions to help stakeholders control online public opinion effectively.

scholarly journals How Should National Museums Create Competitive Advantage Following Changes in the Global Economic Environment?

2018 ◽  
Vol 10 (10) ◽  
pp. 3749 ◽  
Author(s):  
Pei-Hsuan Tsai ◽  
Chin-Tsai Lin
Keyword(s):  
Decision Making ◽  
Competitive Advantage ◽  
Evaluation Model ◽  
Management Strategies ◽  
Multiple Criteria Decision Making ◽  
Analytic Network Process ◽  
Visitor Satisfaction ◽  
Network Process ◽  
National Museums ◽  
Decision Making Model

Management strategies play an important role in enhancing the competitive advantage and sustainable development of national museums. The purpose of this study is to focus on evaluating the management strategies of national museums to reduce the gaps in visitor satisfaction that are caused by the interdependence and feedback problems of the so-called BOCR dimensions (namely, benefits, opportunity, costs, and risks) and 24 criteria. This study creates a hybrid competitive advantage multiple-criteria decision-making model for national museums by integrating the decision-making trial and evaluation laboratory-based analytic network process and modified VIKOR (VlšeKriterijumska Optimizacija I Kompromisno Resenje) techniques to solve the problems. We consider five different types of national museums to illustrate how the proposed new evaluation model enhances the competitive advantage of national museums. Our results provide national museum curators with the knowledge and understanding to create promotional and marketing strategies that reduce the gaps in dimensions and criteria to satisfy visitors’ needs and to enhance their competitive advantage.

scholarly journals NAVIGATING SWOT-FANP WITH GSM METHOD TO PRIORITIZE THE STRATEGIC LOCATION

2015 ◽  
Vol 21 (1) ◽  
pp. 140-163 ◽  
Author(s):  
Yun-Huei LEE
Keyword(s):  
Decision Making ◽  
Process Analysis ◽  
Multiple Criteria Decision Making ◽  
Analytic Network Process ◽  
Quantitative Information ◽  
Strategic Decision ◽  
Location Selection ◽  
Network Process ◽  
Second Tier ◽  
Focus Strategy

This paper proposes a SWOT-FANP (strengths, weaknesses, opportunities, and threats – fuzzy analytic network process) analysis, together with the grand strategy matrix method (GSM) to deal with the multiple-criteria decision-making problem of location selection for a second tier city in China. This hybrid method can not only combine both qualitative and quantitative information and utilize fuzzy logic to eliminate vagueness, subjectivity, and imprecision, it can also clearly represents the competitive position of second-tier cities on a the quadrant coordinate to help an enterprise choose a strategy for development. To this end, I empirically chose a multinational pharmaceutical enterprise (MNE) as an illustrative example. The results reveal that Suzhou and Chongqing cities are in the best positions in the competition as a result of having external opportunities for development and internal competing strength. Moreover, the MNE could adopt a niche-focus strategy for the market by focusing on specific ailments to which people in Chinese communities are vulnerable to strengthen their competitive strengths. This study demonstrates and validates that such an enhanced methodology is viable and highly capable of providing enriched insights regarding strategic decision-making management in complex real-world situations.

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