Calibrated fuzzy AHP for current bank account selection

Ishizaka, Alessio; Nguyen, Nam Hoang

doi:10.1016/j.eswa.2012.12.089

Cited by 106 publications

(60 citation statements)

References 78 publications

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“…The new technique for calibration of membership functions in the fuzzy AHP proposed by Ishizaka and Nguen [12] is very acceptable. The formula for definition of membership functions, given and used in this paper, is in accordance with that proposal.…”

Section: Fuzzy Ahp and Determination Of The Priority Vectors For Rankmentioning

confidence: 99%

Application of fuzzy AHP method based on eigenvalues for decision making in construction industry

Praščević

Prascevic

2016

Teh. vjesn.

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Original scientific paper The Analytic Hierarchy Process (AHP) has found wide application for multicriteria decision making (MCDM) in various areas. In the paper is given a short survey of the AHP application for decision making in the construction industry and realisation of construction projects. Authors have proposed a method based on the eigenvalue and eigenvector of the fuzzy comparison matrices for determination of local and global priorities of decision alternatives. These eigenvalues are determined using expected values of fuzzy numbers and their products. These fuzzy eigenvalues and eigenvectors are in further procedure applied for ranking the alternatives. Comparing the final ranks of alternatives, obtained according to proposed method and some other methods, the authors found good agreement. The fuzzy AHP, in comparison with AHP with crisp numbers, gives more complete, flexible and realistic results. A case study of the optimal selection of the structural system for a large industrial hall is presented in the paper. Keywords: construction industry; fuzzy AHP; fuzzy number; multicriteria decision making Primjena neizrazite AHP metode utemeljene na vlastitim vrijednostima za donošenje odluka u građevinarstvuIzvorni znanstveni članak Analitički hijerarhijski proces (AHP) našao je široku primjenu za višekriterijsko donošenje odluka (MCDM) u različitim područjima. U radu je dan kratak osvrt na primjenu AHP metode za donošenje odluka u građevinarstvu i realizaciji građevinskih projekata. Autori su predložili metodu za određivanje vlastitih vrijednosti i vlastitih vektora neizrazitih (fuzzy) matrica komparacije za nalaženje lokalnih i globalnih prioriteta alternativa odlučivanja. Vlastite vrijednosti se određuju uporabom očekivane vrijednosti neizrazitih (fuzzy) brojeva i njihovih produkata. Dobivene vlastite vrijednosti i vlastiti vektori se u daljnjoj proceduri primjenjuju za rangiranje alternativa. Uspoređujući konačne rangove alternativa koji su dobiveni prema predloženoj metodi i nekim drugim metodama, autori su našli dobru suglasnost. AHP sa neizrazitim brojevima, u uspoređenju sa AHP sa izrazitim brojevima, daje kompletnije, fleksibilnije i realističnije rezultate. U radu je priložena studija slučaja optimalnog izbora konstruktivnog sustava jedne industrijske hale.

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Section: Fuzzy Ahp and Determination Of The Priority Vectors For Rankmentioning

confidence: 99%

Application of fuzzy AHP method based on eigenvalues for decision making in construction industry

Praščević

Prascevic

2016

Teh. vjesn.

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“…2011a;Lee et al, 2011b;Li et al 2012;Shaw et al, 2012;Zeydan et al 2011). However, all the proposals that can be found in the extant literature are mainly focused on the fuzzification of the AHP, through the introduction of fuzzy numbers in the pair-wise comparison matrices (see also approaches developed for slightly different selection and evaluation problems, such as: Cho and Lee, 2013;Ishizaka and Nguyen, 2013;Abdullah and Najib, 2014;Rezaei et al, 2014;Abdullah and Zulkifli, 2015). The final outcome can be viewed as a sort of contamination of the AHP with the Fuzzy Logic, resulting in a higher computational complexity (calculation of eigenvalues, eigenvectors and consistency ratios) and a more complex framework which increases the difficulties in the implementation phase, so reducing the practical usability of the model (Saaty and Tran, 2007).…”

Section: Ahp-based Approachesmentioning

confidence: 99%

Applying supplier selection methodologies in a multi-stakeholder environment: A case study and a critical assessment

Bruno

Esposito

Genovese

et al. 2016

Expert Systems with Applications

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Article available under the terms of the CC-BY-NC-ND licence (https://creativecommons.org/licenses/by-nc-nd/4.0/) eprints@whiterose.ac.uk https://eprints.whiterose.ac.uk/ Reuse Unless indicated otherwise, fulltext items are protected by copyright with all rights reserved. The copyright exception in section 29 of the Copyright, Designs and Patents Act 1988 allows the making of a single copy solely for the purpose of non-commercial research or private study within the limits of fair dealing. The publisher or other rights-holder may allow further reproduction and re-use of this version -refer to the White Rose Research Online record for this item. Where records identify the publisher as the copyright holder, users can verify any specific terms of use on the publisher's website. TakedownIf you consider content in White Rose Research Online to be in breach of UK law, please notify us by emailing eprints@whiterose.ac.uk including the URL of the record and the reason for the withdrawal request.Applying supplier selection methodologies in a multi-stakeholder environment: a case study and a critical assessment In the contemporary global market, Supplier Selection represents a crucial process for enhancing firms' competitiveness. In firms operating in low-complexity sectors, Supplier Selection generally leverages on few significant variables (price, delivery time, quality) and it is often left to the buyers' experience. On the other hand, in industries characterised by remarkable product complexity, supplier selection systems gain the characteristics of a multistakeholder and multi-criteria problem, which needs to be theoretically formalized and realistically adapted to specific contexts. An increasing number of researches has been devoted to the development of different methodologies to cope with this problem. Nevertheless, while the number of applications is growing, there is little empirical evidence of the practical usefulness of such tools, that are mainly tested on numerical examples or computational experiments and focused on a dyadic version of the problem, overlooking the wider set of actors involved in the decision-making problem. The result is a clear dichotomy between academic theory and business practice. Therefore, the paper contributes to understand the above dichotomy by evaluating the applicability to real-world multi-stakeholder problems of the two main approaches proposed in the literature to deal with supplier selection, the Analytic Hierarchic Process (AHP) and the Fuzzy Set Theory (FST). Based on an industrial case study, a thorough discussion is developed, dealing with the issues arising during the implementation and practical functioning of such decision support systems, also providing provide practical guidelines and managerial implications.Keywords: supplier selection, analytic hierarchy process, fuzzy set theory, complex industries. Applying supplier selection methodologies in a multi-stakeholder environment:a case study and a critical assessment AbstractIn the contemporary global market, Suppli...

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“…A way to calibrate the membership functions with comparisons given by the decision-maker on alternatives with known measures has been proposed in a study measuring the most important factors in selecting current bank account (Ishizaka & Nguyen, 2013). The Fuzzy Analytic Hierarchy Process and the Technique for Order Performance by Similarity to Ideal Solution (TOPSIS) have been integrated into the assessment of the financial performance of banks in Serbia covering the period between the years 2005 and 2010 (Mandic et al, 2014).…”

Section: Literature Reviewmentioning

confidence: 99%