A hybrid fuzzy multiple criteria group decision making approach for sustainable project selection

In this paper, a new hybrid fuzzy multiple criteria group decision making (FMCGDM) approach has been proposed for sustainable project selection. First, a comprehensive framework, including economic, social, and environmental effects of an investment, strategic alliance, organizational readiness, and risk of investment has been proposed for sustainable project selection. As the relative importance of the criteria of the proposed framework are hard to find through several conflictive preferences of a group of Decision Makers (DMs) so, a goal programming (GP) has been supplied to this aim considering multiplicative and fuzzy preference relation. Then, a fuzzy TOPSIS method has been developed to assess the fitness of investment chances. It is based on Preference Ratio (PR), which is known as an efficient ranking method for fuzzy numbers, and a fuzzy distance measurement. The properties of proposed hybrid approach make it robust for modeling real case of uncertain group decision making problems. The FMCGDM has been developed through a linkage between Lingo 11.0, MS-Excel 12.0, and Visual Basic 6.0. The proposed hybrid approach has been applied in a real case study called Iranian financial and credit institute for sustainable project selection.     

A hybrid fuzzy group decision support framework for advanced-technology prioritization at NASA

The prioritization of advanced-technology projects at the National Aeronautic and Space Administration (NASA) is a difficult task. This difficulty is due to the multiple and often conflicting objectives in addition to the inherent technical complexities and valuation uncertainties involved in the assessment process. As such, a systematic and transparent decision support framework is needed to guide the assessment process, shape the decision outcomes and enable confident choices to be made. Methods for solving Multi-Criteria Decision Making (MCDM) problems have been widely used to select a finite number of alternatives generally characterized by multiple conflicting criteria. However, applying these methods is becoming increasingly difficult for technology assessment in the space industry because there are many emerging risks for which information is not available and decisions are made under significant uncertainty. In this paper, we propose a hybrid fuzzy group decision support framework for technology assessment at NASA. The proposed objective framework is comprised of two modules. In the first module, the complicated structure of the assessment criteria and alternatives are represented and evaluated with the Analytic Network Process (ANP). In the second module, the alternative advanced-technology projects are ranked using a customized fuzzy Technique for Order of Preference by Similarity to Ideal Solution (TOPSIS). We demonstrate the applicability of the proposed framework through a case study at the Kennedy Space Center.     

A decision support system for fuzzy multi-objective multi-period sustainable project selection

In this paper, a Decision Support System (DSS) is developed to solve sustainable Multi-Objective Project Selection problem with Multi-Period Planning Horizon (MOPS-MPPH). First, a TOPSIS based fuzzy goal programming (FGP) is proposed which considered uncertain DM preferences on priority of achievement level of fuzzy goals. The FGP essentially considers economic factors like cost, profit, and budget. The output of FGP and other affecting factors (i.e. social and environmental effects, risk of investment, strategic alliance, and organizational readiness) are treated as inputs of a fuzzy rule based system to estimate fitness value of an investment. Properties of the proposed DSS are discussed. It also is compared with an existing procedure on historical data of a financial and credit institute.     

A fuzzy group data envelopment analysis model for high-technology project selection: A case study at NASA

The assessment and selection of high-technology projects is a difficult decision making process at the National Aeronautic and Space Administration (NASA). This difficulty is due to the multiple and often conflicting objectives in addition to the inherent technical complexities and valuation uncertainties involved in the assessment process. As such, a systematic and transparent decision making process is needed to guide the assessment process, shape the decision outcomes and enable confident choices to be made. Various methods have been proposed to assess and select high-technology projects. However, applying these methods has become increasingly difficult in the space industry because there are many emerging risks implying that decisions are subject to significant uncertainty. The source of uncertainty can be vagueness or ambiguity. While vague data are uncertain because they lack detail or precision, ambiguous data are uncertain because they are subject to multiple interpretations. We propose a data envelopment analysis (DEA) model with ambiguity and vagueness. The vagueness of the objective functions is modeled by means of multi-objective fuzzy linear programming. The ambiguity of the input and output data is modeled with fuzzy sets and a new α-cut based method. The proposed models are linear, independent of α-cut variables, and capable of maximizing the satisfaction level of the fuzzy objectives and efficiency scores, simultaneously. Moreover, these models are capable of generating a common set of multipliers for all projects in a single run. A case study involving high-technology project selection at NASA is used to demonstrate the applicability of the proposed models and the efficacy of the procedures and algorithms.     

Solving fuzzy Multidimensional Multiple-Choice Knapsack Problems: The multi-start Partial Bound Enumeration method versus the efficient epsilon-constraint method

In this paper a new fuzzy Multidimensional Multiple-choice Knapsack Problem (MMKP) is proposed. In the proposed fuzzy MMKP, each item may belong to several groups according to a predefined fuzzy membership value. The total profit and the total cost of the knapsack problem are considered as two conflicting objectives. A mathematical approach and a heuristic algorithm are proposed to solve the fuzzy MMKP. One method is an improved version of a well-known exact multi-objective mathematical programming technique, called the efficient ?-constraint method. The second method is a heuristic algorithm called multi-start Partial-Bound Enumeration (PBE). Both methods are used to comparatively generate a set of non-dominated solutions for the fuzzy MMKP. The performance of the two methods is statistically compared with respect to a set of simulated benchmark cases using different diversity and accuracy metrics.     

A new fuzzy network data envelopment analysis model for measuring the performance of agility in supply chains

Data envelopment analysis (DEA) is a linear programming method for assessing the efficiency and productivity of organizational units called decision-making units (DMUs). We propose a new network DEA (NDEA) model for measuring the performance of agility in supply chains. The uncertainty of the input and output data is modeled with linguistic terms parameterized with fuzzy sets. The proposed fuzzy NDEA model is linear and independent of the α-cut variables. The linear feature allows for a quick identification of the global optimum solution and the α-cut independency feature allows for a significant reduction in the computational efforts. We show that our model always generate solutions within a bounded feasible region. Our model also eliminates the potential for conflict by producing unique interval efficiency scores for each DMU. The proposed model is used to measure the performance of agility in a real-life case study in the dairy industry.     

A fuzzy bi-objective mixed-integer programming method for solving supply chain network design problems under ambiguous and vague conditions

Supply chain (SC) network design problems are complex problems with multi-layer levels and dynamic relationships which involve a considerable amount of uncertainty concerning customer demand, facility capacity, or lead times, among others. A large number of optimization methods (i.e., fuzzy mathematical programming, stochastic programming, and interval mathematical programming) have been proposed to cope with the uncertainties in SC network design problems. We propose a fuzzy bi-objective mixed-integer linear programming (MILP) model to enhance the material flow in dual-channel, multi-item, and multi-objective SCs with multiple echelons under both ambiguous and vague conditions, concurrently. We use a computationally efficient ranking method to resolve the ambiguity of the parameters and propose two methods for resolving the vagueness of the objective functions in the proposed fuzzy MILP model. The preferences of the decision makers (DMs) on the priority of the fuzzy goals are represented with crisp importance weights in the first method and fuzzy preference relations in the second method. The fuzzy preference relations in the second method present a unique practical application of type-II fuzzy sets. The performance of the two methods is compared using comprehensive statistical analysis. The results show the perspicuous dominance of the method which uses fuzzy preference relations (i.e., type-II fuzzy sets). We present a case study in the food industry to demonstrate the applicability of the proposed model and exhibit the efficacy of the procedures and algorithms. To the best of our knowledge, a concurrent interpretation of both ambiguous and vague uncertainties, which is applicable to many real-life problems, is novel and has not been reported in the literature.     

An evolutionary computation approach to solving repairable multi-state multi-objective redundancy allocation problems

Neural Computing and Applications - The redundancy allocation problem (RAP) is an optimization problem for maximizing system reliability at a predetermined time. Among the several extensions of...