Selection of materials using compromise ranking and outranking methods

Selection of proper materials for different components is one of the most challenging tasks in the design and development of products for diverse engineering applications. Materials play a crucial and important role during the entire design and manufacturing process. Wrong selection of material often leads to huge cost involvement and ultimately drives towards premature component or product failure. So the designers need to identify and select proper materials with specific functionalities in order to obtain the desired output with minimum cost involvement and specific applicability. This paper attempts to solve the materials selection problem using two most potential multi-criteria decision-making (MCDM) approaches and compares their relative performance for a given material selection application. The first MCDM approach is ‘Vlse Kriterijumska Optimizacija Kompromisno Resenje’ (VIKOR), a compromise ranking method and the other one is ‘ELimination and Et Choice Translating REality’ (ELECTRE), an outranking method. These two methods are used to rank the alternative materials, for which several requirements are considered simultaneously. Two examples are cited in order to demonstrate and validate the effectiveness and flexibility of these two MCDM approaches. In each example, a list of all the possible choices from the best to the worst suitable materials is obtained taking into account different material selection criteria. The rankings of the selected materials almost corroborate with those as obtained by the past researchers.