Evaluation and Selection of Materials for Particulate Matter MEMS Sensors by Using Hybrid MCDM Methods

Huang, Chi Yo; Chung, Pei Han; Shyu, Joseph Z.; Ho, Yen-Hung; Wu, Chao−Hsin; Lee, Ming-Che; Wu, Ming Jenn

doi:10.3390/su10103451

Cited by 10 publications

(32 citation statements)

References 93 publications

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“…For this reason, Debnath et al [134] selected the project portfolio for agricultural production by applying grey DEMATEL and MABAC methods. Huang et al [135] presented a hybrid MCDM approach for the selection of materials for the production of particulate matter sensors. In their paper, Zhang et al [136] dealt with the problem of evaluating the supply of rare minerals.…”

Section: Other Engineering Disciplinesmentioning

confidence: 99%

Application of MCDM Methods in Sustainability Engineering: A Literature Review 2008–2018

et al. 2019

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Sustainability is one of the main challenges of the recent decades. In this regard, several prior studies have used different techniques and approaches for solving this problem in the field of sustainability engineering. Multiple criteria decision making (MCDM) is an important technique that presents a systematic approach for helping decisionmakers in this field. The main goal of this paper is to review the literature concerning the application of MCDM methods in the field of sustainable engineering. The Web of Science (WoS) Core Collection Database was chosen to identify 108 papers in the period of 2008–2018. The selected papers were classified into five categories, including construction and infrastructure, supply chains, transport and logistics, energy, and other. In addition, the articles were classified based on author, year, application area, study objective and problem, applied methods, number of published papers, and name of the journal. The results of this paper show that sustainable engineering is an area that is quite suitable for the use of MCDM. It can be concluded that most of the methods used in sustainable engineering are based on traditional approaches with a noticeable trend towards applying the theory of uncertainty, such as fuzzy, grey, rough, and neutrosophic theory.

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Section: Other Engineering Disciplinesmentioning

confidence: 99%

Application of MCDM Methods in Sustainability Engineering: A Literature Review 2008–2018

et al. 2019

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“…Unlike the traditional statistical methods (e.g., the correlation analysis or structural equation modelling) which require an especially large size of samples in order to derive the causal relationships among variables based on the correlation variables, the DEMATEL-based method needs only the opinions provided by a limited number of respondents [101] to derive acceptable influence relationships [102]. Please refer to Appendix A of the first author's earlier work [103] for these detailed procedures.…”

Section: Danp Methodsmentioning

confidence: 99%

“…The DANP can reflect the essence of a decision problem by preventing the loss of any information from the trimming of any influence relationship caused by defining a threshold value and the simplifying of the investigation process by reducing the survey time required for the conventional ANP processes. Please refer to Appendix C of the author's earlier work [103] for these detailed procedures.…”

Section: Danp Methodsmentioning

confidence: 99%

“…The proposed approach can prevent the problem of selecting the best solution from a group of unsatisfied alternatives. For the detailed process of the modified VIKOR, please refer to [17] and Appendix D of the author's earlier work [103]. Based on the methods introduced above, this work adopted the DEMATEL to construct the decision-making problem and the DANP for the influence weights associated with the aspects and the criteria, and then adopted the modified VIKOR to derive a compromise ranking of the spinal medical device firms.…”

Section: Modified Vikormentioning

confidence: 99%

“…In the proposed DANP-mV model, the parameter ν has been introduced as weight of the strategy of the maximum group utility. By referring to refer to [17,103], the index values of VIKOR can be formulated as…”

Section: Sensitivity Analysismentioning

confidence: 99%

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Evaluating the Investment Projects of Spinal Medical Device Firms Using the Real Option and DANP-mV Based MCDM Methods

Huang

Hsieh

Chen

2020

IJERPH

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In an era of global aging, spinal and other joint degeneration issues have become a major problem for many elders. Bone-related operations have become the largest percentage of surgeries, accounting for 40% of the top 10 operations in the United States. Further, these spine-related operations are now ranked second among all bone-related operations. Due to this enormous and daily increasing market demand, more and more firms have started to pay closer attention to related medical devices and products. The global venture capitalists (VCs) have also started to follow the mega trend and will continue to invest heavily in this industry. Although most VCs recognize that investing in firms that produce innovative spinal products or devices is a must, very few practical managers or research scholars have defined the appropriate evaluation methods for these firms to use. The traditional net present value (NPV) method, which does not consider operation flexibility and changes in strategy, is far from the reality. The real option method can reveal the vagueness and flexibilities of the values being embedded in the investment projects at spinal medical device firms. However, the real option method is strictly quantitative. Usually, the evaluation aspects contain qualitative factors or local criteria which are hard to quantify in monetary terms. Thus, the adoption of multiple criteria decision making (MCDM) methods that can manipulate both quantitative and qualitative factors will be very helpful in evaluating and selecting investment cases like the spinal medical device firms, where both quantitative and qualitative factors should be considered. An analytical framework that consists of hybrid MCDM methods and the real option method will thus be very useful to evaluate the newly established firms producing spinal medical devices. Therefore, the authors propose a real option valuation as well as the Decision-Making Trial and Evaluation Laboratory (DEMATEL) based analytic network process (DANP) and the modified VIšekriterijumsko KOmpromisno Rangiranje (VIKOR) method (DANP-mV) based MCDM framework for evaluating the investment projects offered by these firms of spinal medical devices. An empirical study based on three newly established spinal medical device companies specializing in vertebral compression fracture (VCF) surgical devices was used to demonstrate the feasibility of the proposed analytical framework. Sensitivity analysis is performed to determine the influence of modeling parameters on ranking results of alternatives. This analytical framework can thus serve as a tool for VCs to use to determine the value of a potential candidate for investment. The proposed method can also serve as an effective and efficient tool for investment projects in other fields.

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Investigations on beam membrane and dielectric materials using Ashby’s methodology and their impact on the performance of a MEMS capacitive switch

Kurmendra

Kumar

2021

Microsyst Technol

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Evaluation and Selection of Materials for Particulate Matter MEMS Sensors by Using Hybrid MCDM Methods

Cited by 10 publications

References 93 publications

Application of MCDM Methods in Sustainability Engineering: A Literature Review 2008–2018

Application of MCDM Methods in Sustainability Engineering: A Literature Review 2008–2018

Evaluating the Investment Projects of Spinal Medical Device Firms Using the Real Option and DANP-mV Based MCDM Methods

Investigations on beam membrane and dielectric materials using Ashby’s methodology and their impact on the performance of a MEMS capacitive switch

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