Multi Criteria Decision Making (MCDM) Methods and its applications

Bhole, Girish P.

doi:10.22214/ijraset.2018.5145

Cited by 62 publications

(25 citation statements)

References 124 publications

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“…Multi-Criteria Decision Methods (MCDM) are widely used as help in making such decision-making processes simpler and selecting the best possible option [9]. MCDM is a technique for evaluating different alternatives based on multiple criteria at a time.…”

Section: Literature Reviewmentioning

confidence: 99%

Development of a New Hybrid Multi Criteria Decision-Making Method for a Car Selection Scenario

et al. 2020

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Increasing competition in the automobile industry has led to a vast variety of choices when buying a car thus making car selection a tedious task. The objective of this research is to develop a new hybrid multi-criteria decision-making technique, with accuracy greater than that of the already existing methods, in order to help the people in decision-making while buying a car. Hence, considering a broader spectrum, this study aims at easing the process of multi-criteria decision-making problems in different fields. To achieve the objective, seven different alternatives were evaluated with respect to the enlisted evaluation criteria, which were selected after analyzing the secondary data obtained from Pak wheels based on style, fuel economy, price, comfort and performance. These criteria were then analyzed using the proposed Full Consistency Fuzzy TOPSIS method. As the name tells, this method is a unique combination of two techniques. The Full Consistency method is used to calculate the weights of the criteria while the Fuzzy TOPSIS approach is applied to rank the alternatives according to their scores in the selected criteria. The outcomes demonstrate an increase in the consistency ratio of the weight coefficients due to which the ranking of the alternatives by the FCF-TOPSIS is more accurate than the TOPSIS and the Analytical Hierarchy Process. The novelty of the method lies in the fact that this combination has not been used for an alternative selection scenario before. In addition to this, it can be used in various industries where a choice between the available alternatives arises based on a set of evaluation criteria.

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Section: Literature Reviewmentioning

confidence: 99%

Development of a New Hybrid Multi Criteria Decision-Making Method for a Car Selection Scenario

et al. 2020

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“…The mathematical tool MCDM plays an important role in operations research. Bhole and Deshmukh, (2018) [6] informed about all MCDM methods like, AHP, TOPSIS, PROMOTHEE, ELECTRE, GP, MAUT/MAVT with their applications in various fields. A MAUT (Multi-Attribute Utility Theory) system is considered as the method of MCDM sensitivity, such as AHP system (Freitas et al, 2013) [21].…”

Section: A Literature Reviewmentioning

confidence: 99%

Sustainable Assessment for Selecting the Best Alternative of Reclaimed Water Use Under Hesitant Fuzzy Multi-Criteria Decision Making

2019

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Reuse of wastewater is considered a major source of water retention and improvement in drought prone areas. The water recovered from renewable water resource project is used for many utilities. Here, every application is considered to be an alternative. When assessing, it is necessary to evaluate and assume that all users are safe and helpful. In this way, every alternative assessment is evaluated based on the social acceptance, environmental protection, economy, technology and operation and health risk. Then the best alternative is chosen. When recycled water is recovered and we reuse in water management plants, it can lead to multi-criteria decision making processes related to uncertain critical assessments. In general hesitant fuzzy set is represented by a number of possible values for each of element in a set. Hesitant set is used as a powerful tool to express uncertainty and hesitant information in the decision processor. The aim of this research article is to propose a new methodology of MCDM in hesitant fuzzy (HF) namely, HF-CRITIC (Hesitant Fuzzy Criteria Importance Through Inter-criteria Correlation) and HF-MAUT (Hesitant Fuzzy Multi Attribute Utility Theory) to get hesitant fuzzy information in order to select the best alternative for using reclaimed water use in India. Here, five reclaimed water plants have been identified as alternatives. These alternatives are evaluated with five criteria namely social, economic, environmental, technical/operation and health risk. After evaluation, the result shows that ground water recharge is the best alternative for reclaimed water use.

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“…Kebutuhan mendapatkan keputusan solid dari kelompok individu pengambil keputusan juga menjadi poin penting dalam metode AHP [13]. Dari beberapa metode pengambilan keputusan multi kriteria, maka keputusan hendak menggunakan metode apa sangat tergantung kepada hasil seperti apa yang diinginkan [14]. Dasar dari metode AHP adalah menganalisa elemen secara hirarki dan menghitung nilai matriks perbandingan berpasangan dengan scala nilai tertentu untuk menghasilkan nilai perhitungan yang tampil berupa rangking bobot elemen [15].…”

Section: Bahan Dan Metodeunclassified

Rekayasa Sistem Pendukung Keputusan dalam Lomba Desa Tingkat Kabupaten dengan Metode Analytical Hierarchy Process

Magdalena¹,

Santoso²,

Sahara³

2019

FIJ

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Lomba desa adalah sebuah sarana untuk menilai dan memonitor kemajuan desa secara berkala di suatu Kecamatan. Lomba Desa tingkat Kabupaten membutuhkan tim penilai dari perwakilan Kecamatan dan staf bidang pemerintaan di Kabupaten. Masalah yang dihadapi oleh tim penilai adalah sulitnya membuat keputusan objektif. Hal ini disebabkan lomba desa mempunyai kriteria cukup banyak yaitu, pendidikan, kesehatan masyarakat, ekonomi masyarakat, keamanan dan ketertiban, pemerintahan, partisipasi masyarakat, lembaga kemasyarakatan, dan pemberdayaan & kesejahteraan keluarga (PKK). Berdasarkan fakta bahwa lomba desa adalah sistem multi kriteria dan multi alternatif, maka penelitian ini mengusulkan sebuah Sistem Pendukung Keputusan (SPK) dengan metode Analytical Hierarchy Process (AHP). AHP dianggap sesuai karena metode ini menghasilkan keputusan objektif dari kondisi multi kriteria dan multi alternatif seperti pada lomba desa. Lokasi penelitian ini adalah Kecamatan Pangkalan Baru di Kabupaten Bangka Tengah Provinsi Bangka Belitung. Proses pengumpulan data dilakukan dengan observasi, wawancara, dan kuesioner. Pengolahan data dikalkulasi dengan metode AHP, untuk memastikan validitas data dan penggabungan hasil perhitungan gabungan beberapa anggota tim penilai dapat menggunakan aplikasi Expert Choice. SPK ini adalah pengembangan sistem yang bertujuan mengubah pengambilan keputusan dalam lomba desa sehingga desa terpilih dapat menjadi acuan bagi desa lainnya, dan desa yang belum terpilih juga dapat evaluasi kelemahan desanya. Hasil penelitian memberikan keputusan yang mampu menekan kemungkinan protes atau ketidakpuasan dari peserta lainnya. Dimasa depan penelitian ini dapat dikembangkan menjadi sistem pendukung keputusan berbasis web.

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Multi Criteria Decision Making (MCDM) Methods and its applications

Cited by 62 publications

References 124 publications

Development of a New Hybrid Multi Criteria Decision-Making Method for a Car Selection Scenario

Development of a New Hybrid Multi Criteria Decision-Making Method for a Car Selection Scenario

Sustainable Assessment for Selecting the Best Alternative of Reclaimed Water Use Under Hesitant Fuzzy Multi-Criteria Decision Making

Rekayasa Sistem Pendukung Keputusan dalam Lomba Desa Tingkat Kabupaten dengan Metode Analytical Hierarchy Process

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