scholarly journals Comprehensive, Multiple Level Assessment and Multiple Criteria Ranking of Transportation Projects

2021 ◽  
Vol XXIV (Special Issue 5) ◽  
pp. 506-532
Author(s):  
Jacek Zak ◽  
Miroslaw Kruszynski
Keyword(s):  
Multiple Criteria ◽  
Multiple Level ◽  
Transportation Projects ◽  
Criteria Ranking

scholarly journals Multiple criteria ranking and choice with all compatible minimal cover sets of decision rules

2015 ◽  
Vol 89 ◽  
pp. 569-583 ◽  
Author(s):  
Miłosz Kadziński ◽  
Roman Słowiński ◽  
Salvatore Greco
Keyword(s):  
Decision Rules ◽  
Multiple Criteria ◽  
Minimal Cover ◽  
Criteria Ranking

scholarly journals Post factum analysis for robust multiple criteria ranking and sorting

2015 ◽  
Vol 65 (3) ◽  
pp. 531-562 ◽  
Author(s):  
Miłosz Kadziński ◽  
Krzysztof Ciomek ◽  
Paweł Rychły ◽  
Roman Słowiński
Keyword(s):  
Multiple Criteria ◽  
Criteria Ranking

Selection of the open pit mining cut-off grade strategy under price uncertainty using a risk based multi-criteria ranking system / Wybór strategii określania warunku opłacalności wydobycia w kopalniach odkrywkowych w warunkach niepewności cen w oparciu o wielokryterialny system rankingowy z uwzględnieniem czynników ryzyka

2012 ◽  
Vol 57 (3) ◽  
pp. 741-768 ◽  
Author(s):  
Yousue Azimi ◽  
Montza Osanloo ◽  
Akbar Esfahanipour
Keyword(s):  
Decision Making ◽  
Expected Value ◽  
Multiple Criteria ◽  
Open Pit ◽  
Open Pit Mining ◽  
High Price ◽  
Price Uncertainty ◽  
Ranking System ◽  
Valuation Methods ◽  
Criteria Ranking

Abstract Cut-off Grade Strategy (COGS) is a concept that directly influences the financial, technical, economic, environmental, and legal issues in relation to exploitation of a mineral resource. A decision making system is proposed to select the best technically feasible COGS under price uncertainty. In the proposed system both the conventional discounted cash flow and modern simulation based real option valuations are used to evaluate the alternative strategies. Then the conventional expected value criterion and a multiple criteria ranking system were used to rank the strategies based on the two valuation methods. In the multiple criteria ranking system besides the expected value other stochastic orders expressing abilities of strategies in producing extra profits, minimizing losses and achieving the predefined goals of the exploitation strategy are considered. Finally, the best strategy is selected based on the overall average rank of strategies through all ranking systems. The proposed system was examined using the data of Sungun Copper Mine. To assess the merits of the alternatives better, ranking process was done at both high (prevailing economic condition) and low price conditions. Ranking results revealed that at different price conditions and valuation methods, different results would be obtained. It is concluded that these differences are due to the different behavior of the embedded option to close the mine early, which is more likely to be exercised under low price condition rather than high price condition. The proposed system would enhance the quality of decision making process by providing a more informative and certain platform for project evaluation.

scholarly journals Preferential reducts and constructs in robust multiple criteria ranking and sorting

OR Spectrum ◽  
2014 ◽  
Vol 36 (4) ◽  
pp. 1021-1053 ◽  
Author(s):  
Miłosz Kadziński ◽  
Salvatore Corrente ◽  
Salvatore Greco ◽  
Roman Słowiński
Keyword(s):  
Multiple Criteria ◽  
Criteria Ranking

Selection of a representative value function in robust multiple criteria ranking and choice

2012 ◽  
Vol 217 (3) ◽  
pp. 541-553 ◽  
Author(s):  
Miłosz Kadziński ◽  
Salvatore Greco ◽  
Roman Słowiński
Keyword(s):  
Value Function ◽  
Multiple Criteria ◽  
Selection Of ◽  
Criteria Ranking

scholarly journals Application of Various Multiple Criteria Analysis Methods for the Evaluation of Rural Road Projects

2018 ◽  
Vol 12 (1) ◽  
pp. 57-76 ◽  
Author(s):  
Sahadev Bahadur Bhandari ◽  
Dimitrios Nalmpantis
Keyword(s):  
Precise Measurement ◽  
Multiple Criteria ◽  
Multiple Criteria Analysis ◽  
Robust Methods ◽  
Decision Matrix ◽  
Rural Roads ◽  
Transportation Projects ◽  
Rural Road ◽  
Analysis Methods ◽  
Road Projects

Introduction:Ex-ante evaluation of rural road projects is important for proper utilisation of scarce financial resources. In recent years, several multiple criteria analysis methods have been applied for the evaluation of transportation projects.Methods:Here we compare three multi-criteria methods (i.e. TOPSIS, MOORA, and PROMETHEE) in ranking rural roads. The criteria and weightage were identified with an expert questionnaire survey and the decision matrix was obtained from a field survey of four rural roads of Nepal. These data demonstrate the successful application of various multi-criteria analysis methods for the evaluation of rural road projects with sustainable indicators.Results:The results of multi-criteria methods depend upon the value of performance measures, weightage, normalization, and aggregation procedures.Conclusion:We also concluded that the multi-criteria methods used (i.e. TOPSIS, MOORA, and PROMETHEE), in which weightage is derived using robust methods (e.g. AHP) and precise measurement of criteria of rural roads, in general return similar rankings.

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