Comparison of MCDM methods effectiveness in the selection of plastic injection molding machines

Abstract

In each specific problem of finding the best solution among many available options, where each option has multiple criteria, multi criteria decision making methods are considered equally effective when they converge to the same optimal solution. Proximity Indexed Value, Preference Selection Index, Faire Un Choix Adéquat (in French), and Collaborative Unbiased Rank List Integration are four Multi Criteria Decision Making methods with very different characteristics. All these four methods have been used a lot in recent times. The effectiveness of these four methods have been confirmed to be comparable to other multi criteria decision making methods in many applications. However, the comparison of these four methods with each other has never been performed in any studies. This article is performed to fill that gap. These four methods have been used to find to the best option among five types of plastic injection molding machine. Ten criteria have been chosen to describe each alternative. Two different methods that have been used to calculate the weights for the criteria are the MEAN weight method and the CRiteria Importance Through Intercriteria Correlation weight method. Different scenarios have been created to compare the effectiveness of these four methods. The results have shown that the four multi criteria decision making methods mentioned above are equally effective in the selection of plastic injection molding machines. Among the five types of plastic injection molding machines, namely JSW J350EII-SPA ANBE-002-02, Meiki M-200B-SJ, Meiki M-350C-DF-SJ, JSW J350E II, and JSW J550E-C5, the JSW J550E-C5 is the best type.