In this paper, the ranking performance of six most popular and easily comprehensive multicriteria decision-making (MCDM) methods, i.e. weighted sum method (WSM), weighted product method (WPM), weighted aggregated sum product assessment (WASPAS) method, multi-objective optimization on the basis of ratio analysis and reference point approach (MOORA) method, and multiplicative form of MOORA method (MULTIMOORA) is investigated using two real time industrial robot selection problems. Both single dimensional and high dimensional weight sensitivity analyses are performed to study the effects of weight variations of the most important as well as the most critical criterion on the ranking stability of all the six considered MCDM methods. The identified local weight stability interval indicates the range of weights within which the rank of the best alternative remains unaltered, whereas, the global weight stability interval determines the range of weights within which the overall rank order of all the alternatives remains unaffected. It is observed that for both the problems, multiplicative form of MOORA is the most robust method being least affected by the changing weights of the most important and the most critical criteria.
In today’s global and dynamic business environment, manufacturing organizations face the tremendous challenge of expanding markets and meeting the customer expectations. It compels them to lower total cost in the entire supply chain, shorten throughput time, reduce inventory, expand product choice, provide more reliable delivery dates and better customer service, improve quality, and efficiently coordinate demand, supply and production. In order to accomplish these objectives, the manufacturing organizations are turning to enterprise resource planning (ERP) system, which is an enterprise-wide information system to interlace all the necessary business functions, such as product planning, purchasing, inventory control, sales, financial and human resources into a single system having a shared database. Thus to survive in the global competitive environment, implementation of a suitable ERP system is mandatory. However, selecting a wrong ERP system may adversely affect the manufacturing organization’s overall performance. Due to limitations in available resources, complexity of ERP systems and diversity of alternatives, it is often difficult for a manufacturing organization to select and install the most suitable ERP system. In this paper, two ERP system selection problems are solved using fuzzy multi-objective optimization on the basis of ratio analysis (MOORA) method and it is observed that in both the cases, SAP is the best solution
�etter utilization of manpower, providing product �exibility, increasing productivity, decreasing lead time, reduction in handling cost, increased efficiency of material �ow, and enhancement of production process are some of the most important issues in�uencing material handling (MH) equipment selection decision. As a wide variety of MH equipment is available today, selection of the proper equipment for a designed manufacturing system is a complicated task. Selection of suitable MH equipment for a typical handling environment is found to be a multicriteria decision-making (MCDM) problem. As the selection process is found to be unstructured, characterized by domain dependent knowledge, there is a need to apply an efficient MCDM tool to select the most suitable MH equipment for the given application. is paper applies weighted utility additive (WUTA) method to solve an MH equipment selection problem. e ranking obtained using the WUTA method is compared with that derived by the past researchers which proves its potentiality, applicability, and accuracy to solve complex decision-making problems.
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