A Hybrid MCDM Method Using Combination Weight for the Selection of Facility Layout in the Manufacturing System: A Case Study

Zha, Shanshan; Guo, Yu; Huang, Shaohua; Wang, Shengbo

doi:10.1155/2020/1320173

Cited by 26 publications

(15 citation statements)

References 53 publications

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“…Zha et al [46] developed a hybrid multi-criteria decision-making approach. The problem of facility layout evaluation was addressed in their study.…”

Section: Recent Studies On Objective Weighting Methodsmentioning

confidence: 99%

Determination of Objective Weights Using a New Method Based on the Removal Effects of Criteria (MEREC)

et al. 2021

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The weights of criteria in multi-criteria decision-making (MCDM) problems are essential elements that can significantly affect the results. Accordingly, researchers developed and presented several methods to determine criteria weights. Weighting methods could be objective, subjective, and integrated. This study introduces a new method, called MEREC (MEthod based on the Removal Effects of Criteria), to determine criteria’ objective weights. This method uses a novel idea for weighting criteria. After systematically introducing the method, we present some computational analyses to confirm the efficiency of the MEREC. Firstly, an illustrative example demonstrates the procedure of the MEREC for calculation of the weights of criteria. Secondly, a comparative analysis is presented through an example for validation of the introduced method’s results. Additionally, we perform a simulation-based analysis to verify the reliability of MEREC and the stability of its results. The data of the MCDM problems generated for making this analysis follow a prevalent symmetric distribution (normal distribution). We compare the results of the MEREC with some other objective weighting methods in this analysis, and the analysis of means (ANOM) for variances shows the stability of its results. The conducted analyses demonstrate that the MEREC is efficient to determine objective weights of criteria.

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“…Zha et al [46] developed a hybrid multi-criteria decision-making approach. The problem of facility layout evaluation was addressed in their study.…”

Section: Recent Studies On Objective Weighting Methodsmentioning

confidence: 99%

Determination of Objective Weights Using a New Method Based on the Removal Effects of Criteria (MEREC)

et al. 2021

View full text Add to dashboard Cite

show abstract

“…One way to overcome these shortcomings is to extend the Delphi method to the fuzzy environment, which was performed by Murry et al [37]. e Delphi method, alone or in combination with other methods, in conventional form or in the fuzzy environment, has been used in various fields to evaluate renewable energy development projects [38], locate terminals [39,40], select plant layout [41], define typical structures of intermodal terminals [42], evaluate battery storage systems [43], plan intermodal terminals [44], etc.…”

Section: Overview Of the Methods At Make Up The Mcdm Modelmentioning

confidence: 99%

A Novel Hybrid MCDM Model for the Evaluation of Sustainable Last Mile Solutions

Krstić

Tadić

Kovač

et al. 2021

Mathematical Problems in Engineering

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Modern social trends are intensively transforming supply chains and the last mile as their most complex and most expensive segment. For the realization of the last mile, various solutions can be defined which combine initiatives, technologies, and concepts of city logistics. The successful implementation of these solutions depends on the characteristics of the city, the goals of stakeholders, and the ability to achieve economic, social, and environmental sustainability. In accordance with that, this paper defines innovative sustainable last mile solutions and evaluates their potential application in the real-life logistics system of the city. As evaluation requires consideration of a large number of criteria, this is a problem of multicriteria decision-making, and for solving it, a novel hybrid model that combines Delphi, FARE (Factor Relationship), and VIKOR (Višekriterijumska Optimizacija i Kompromisno Rešenje) methods in the fuzzy environment has been developed. The applicability of the model is demonstrated in the example of evaluating the last mile solution for the central business district of the City of Belgrade. A combination of microconsolidation centers and autonomous vehicles is obtained as the most favorable solution.

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“…In contrast, a combined evaluation model is considered a workable solution to address this issue. Therefore, this study proposes a new combination evaluation model based on closeness degree -GWA operator combination measurement model based on closeness, to improve the scientific rationality of the evaluation [28][29][30][31].…”

Section: General Weighted Average (Gwa) Operator Combination Measurement Model Based On Closeness Degreementioning

confidence: 99%

Does real estate bubble affect corporate innovation? Evidence from China

Wang

Lee

et al. 2021

PLoS ONE

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With the rapid increase of downward pressure on China’s economy, the stability of the property market, as an important part of the economic transformation process, also has a far-reaching impact on enterprises’ R&D investment. We select the data of Chinese large and medium-sized industrial enterprises from 1998 to 2015 as our research sample and propose a new combination measurement model based on closeness degree to measure the real estate bubble level in China accurately. The structural vector autoregressive (SVAR) theory is utilized to empirically test the dynamic relationship between the real estate bubble, corporate liquidity, and R&D investment. The results indicate that the real estate bubble level in China is increasing, and a certain risk of deviating from the safety interval in the future exists; The rapid expansion of the real estate bubble has a continuing negative impact on corporate R&D investment, that is, its "credit mitigation effect" is much smaller than the "capital relocation effect," and industrial enterprises will fall into the so-called "low-tech lock-in" state. In other words, to a certain extent, the development of this kind of real estate bubble will not be conducive to the transformation and upgradation of enterprises and long-term economic growth.

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A Hybrid MCDM Method Using Combination Weight for the Selection of Facility Layout in the Manufacturing System: A Case Study

Cited by 26 publications

References 53 publications

Determination of Objective Weights Using a New Method Based on the Removal Effects of Criteria (MEREC)

Determination of Objective Weights Using a New Method Based on the Removal Effects of Criteria (MEREC)

A Novel Hybrid MCDM Model for the Evaluation of Sustainable Last Mile Solutions

Does real estate bubble affect corporate innovation? Evidence from China

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