Multiple Criteria Decision Making (eBook)

Applications in Management and Engineering

Constantin Zopounidis, Michael Doumpos (Herausgeber)

eBook Download: PDF

2016 | 1st ed. 2017
211 Seiten
Springer International Publishing (Verlag)
978-3-319-39292-9 (ISBN)

Infos

This book presents a broad range of innovative applications and case studies in all areas of management and engineering, including public administration, finance, marketing, engineering, transportation, and energy systems. It addresses issues related to problem structuring, preference modeling, and model construction, presenting a framework that provides clear decision-making support in practice. In addition, it includes hybrid and integrated techniques combining multiple criteria decision making (MCDM) with other analytical methods. The book reflects the growing impact of MCDM in the field of management science and operations research. Building on recent and established theoretical advances and presenting their applications in specific domains, it offers a comprehensive resource for researchers, graduate students and professionals alike. 

Constantin Zopounidis is Professor of Financial Engineering and Operations Research, at Technical University of Crete (Greece), Distinguished Research Professor in Audencia Nantes, School of Management (France), and Senior Academician of the Royal Academy of Economics and Financial Sciences of Spain. His research interests include financial engineering, financial risk management, and multiple criteria decision making. He has published over 300 papers in premier international journals, edited volumes, and conference proceedings. He has also published several books and edited volumes on multicriteria decision making, financial engineering, and operations research. Prof. Zopounidis is Editor-in-Chief and member of the editorial board of several international journals. For his research work, Prof. Zopounidis has received awards and honorary distinctions from international research organizations, including among others the ΜΟISIL International Foundation, the Decision Sciences Institute, the European Association of Management and Business Economics, the Royal Academy of Doctors of Spain, the Hellenic Operational Research Society, and the International Association for Fuzzy Set Management and Economy. In 2013 he was the recipient of the MCDM Edgeworth-Pareto Award of the International MCDM Society. 

Michael Doumpos holds a PhD in operations research (2000) and a MSc in Production Engineering and Management (1997) from the Technical University of Crete, where he currently holds an Assistant Professor position. His research interests include multiple criteria decision making, decision support systems, computational pattern recognition and financial risk management. He has published over 50 research articles in premier international journals. He has also co-authored several books, edited volumes, book chapters, conference papers and edited special issues. Prof. Doumpos is associate editor of OMEGA and recipient of the best reviewer award from the European Journal of Operational Research (2010 and 2012). 

Inhalt

Preface 6
Introduction to the Theme of the Book 6
Outline of the Book 7
Acknowledgments 9
Contents 10
Contributors 12
1 Decision Aid in Public Administration: From Evidence-Based Decision Making to OrganizationalLearning 14
1.1 Introduction 14
1.2 Complexity Elements and Challenges 16
1.2.1 MCDA in Complex Situations 18
1.2.2 MC Applications Without the Activation of a Decision System 20
1.2.3 Decision System Open to Participation 22
1.2.4 Internal PA Decision System and Process 24
1.3 A Framework to Underline the Main Aspects of an MC Application in PA 26
1.3.1 Prioritization of Public Investments in Social Infra-Structures Using Multicriteria Value Analysis and Decision Conferencing [6] 29
1.3.2 An MC Application in the Sustainable Energy Action Plan Ambit [18] 30
1.3.3 An MC Approach for the Concept Design of a Complex Project [58, 59] 32
1.3.4 A Knowledge Base and an ELECTRE Tri Application to Facilitate New Financing Actions in the Public Sector [56] 34
1.4 Conclusions 36
References 38
2 Measuring Social Responsibility: A Multicriteria Approach 43
2.1 Introduction 43
2.2 Measuring the Social Responsibility of an Investment 45
2.3 Portfolio Selection Model for Socially Responsible Investment 53
2.3.1 Methodology 53
2.3.2 Results 54
2.4 Conclusions 56
References 57
3 Multi-Criteria Decision Analysis for Financial Investments Using AHP 59
3.1 Introduction: Banking and Microfinance Institution 59
3.2 Presentation of the AHP Method 60
3.3 Financial Institutions Definition 61
3.3.1 Analysis and Identification of the Project Objective 61
3.3.2 Develop the Hierarchical Structure of the Project: Risk Definition 62
3.4 Financial Institutions Analysis Step by Step 62
3.4.1 The Hierarchical Structure 62
3.4.2 Pairwise Comparisons for Criteria 64
3.4.3 Comparison Judgment Matrix 65
3.4.4 Priority Vector Calculation 66
3.4.5 Calculation of the Value ?max 66
3.4.6 Determine the Value of Random Index (RI) 67
3.4.7 Calculation of Consistency Index: CI 68
3.4.8 Consistency Ratio Calculation (CR) 68
3.4.9 Establish the Full Table of Criteria Comparison 68
3.4.10 Determine the Relative Importance of Criteria 69
3.4.11 Project Aggregation Calculation 69
3.4.12 Establish Comparisons by Pair of Studied Alternatives 69
3.4.13 Determine the Performance of the Alternatives Relatively to the Sub-Criteria 73
3.4.14 Calculation of the Final Aggregation 73
3.5 Conclusions and Perspectives 79
References 79
4 Financing Innovative SMEs 80
4.1 Introduction 80
4.2 A Brief Reminder of ELECTRE TRI and SMAA-TRI 81
4.2.1 ELECTRE TRI 81
4.2.2 SMAA-TRI 83
4.3 A Brief Introduction to the Multicriteria Judgemental Rating Model 83
4.3.1 Selection of the Evaluation Criteria 84
4.3.2 Definition of the Risk Classes 84
4.3.3 Assessment of the Criteria Weights 84
4.4 Case Study 86
References 91
5 A Multi-Criteria Recommender System Based on Users' Profile Management 93
5.1 Introduction 93
5.2 Recommenders Systems 94
5.3 Multi-Criteria Decision Support 95
5.4 Machine Learning 97
5.5 System Description 98
5.6 System Operating 99
5.6.1 Introduction 99
5.6.2 Scoring 100
5.6.3 Rate Computation 100
5.6.4 Pairwise Computation 101
5.7 Experiments and Results 103
5.8 Conclusions and Perspectives 106
References 107
6 E-commerce in the Context of Protected Areas Development: A Managerial Perspective Under a Multi-Criteria Approach 109
6.1 Introduction 110
6.2 Data and Methodology 112
6.2.1 Data 112
6.2.2 Methodology 112
6.3 Results and Discussion 117
6.4 Conclusions 119
References 119
7 Solving a Multicriteria Road Design Problem:A Practical Example 122
7.1 Introduction 122
7.2 Research Motivation 125
7.2.1 An Innovative Approach of Road Design 125
7.2.1.1 For a Preventive Assessment of Road Safety 125
7.2.1.2 A Support to Sustainable Road Projects 127
7.2.2 Towards a Multicriteria Analysis of the Design Process 128
7.3 Methodology 129
7.3.1 Multiobjective Evolutionary Algorithm 129
7.3.2 Multicriteria Ordered Clustering Model 131
7.3.2.1 The PROMETHEE Methods 131
7.3.2.2 The FlowSort Method 133
7.3.2.3 The PCLUST Model 133
7.4 Case Study: A Rural Road Project in Belgium 135
7.4.1 Definition of the Problem 136
7.4.2 Identifying the Approximated Set of Performing Solutions 137
7.4.3 Solving the Multicriteria Decision Problem 139
7.5 Conclusions 141
References 143
8 Locating Ship-to-Ship (STS) Transfer Operations via Multi-Criteria Decision Analysis (MCDA): A Case Study 146
8.1 Introduction 147
8.2 The Role of STS Transfer Areas 149
8.3 The ELECTRE Methodology 150
8.4 STS Location Problem Definition 151
8.4.1 Introduction to the Transfer Areas 151
8.4.2 Addressing a Consistent Family of Criteria 152
8.5 Results 157
8.5.1 Weight Determination 157
8.5.2 Veto Threshold Determination 160
8.5.3 Concordance Analysis 160
8.5.4 Discordance Analysis 161
8.5.5 The Kernel of the Outranking Graph 162
8.6 Discussion 162
8.6.1 Robustness Analysis of Criteria Weights 162
8.6.2 Interpretation of the Results 163
8.7 Conclusion 164
Appendix 1: Analytical Description of the ELECTRE I Methodology 165
Appendix 2: Short Introduction to the Proposed STS Transfer Locations 167
Appendix 3: Main Characteristics of the Vessel Used in the Practical Example 170
References 170
9 MCDM Applied to the Partitioning Problem of 3D-Stacked Integrated Circuits 173
9.1 Introduction 174
9.2 Multi-Criteria Decision Making Tools: The PROMETHEE Methods 176
9.3 3D Integration Technology 178
9.3.1 Implementation 180
9.4 Case Study 184
9.4.1 Experimental Set-up: Design and Implementation 184
9.4.2 Multi-Criteria Analysis 184
9.4.2.1 High Performance Production Scenario 185
9.4.2.2 Low Cost Production Scenario 188
9.4.2.3 Results Interpretation for an IC Designer 191
9.5 Conclusion and Future Works 192
Appendix 193
OpenSPARC-T2 SoC Design Alternatives: Evaluation Table 193
References 195
10 A MCDA-Based Approach for Evaluating Alternative Requalification Strategies for a Net-Zero Energy District (NZED) 196
10.1 Introduction 197
10.2 Methodological Framework 198
10.3 Application 200
10.3.1 Description of the Case Study 200
10.3.2 Presentation of the Alternative Strategies for Energy Requalification 202
10.3.3 Definition and Evaluation of the Criteria 203
10.3.3.1 Energy Performance 204
10.3.3.2 CO2 Emissions 204
10.3.3.3 Global Cost 205
10.3.3.4 Indoor Comfort 206
10.3.3.5 Energy Surplus Production 206
10.3.3.6 Green Jobs 206
10.3.3.7 Real Estate Market Value 207
10.3.3.8 Construction of the Performance Matrix 208
10.3.4 Weighting 209
10.3.5 Aggregation 210
10.4 Discussion of the Results 211
10.5 Conclusions 214
References 216

Produkt-Details

• Erscheint lt. Verlag: 8.9.2016
• Reihe/Serie: Multiple Criteria Decision Making
• Reihe/Serie: Multiple Criteria Decision Making
• Zusatzinfo: XII, 211 p. 9 illus., 8 illus. in color.
• Verlagsort: Cham
• Sprache: englisch
• Themenwelt: Mathematik / Informatik ► Mathematik
• Themenwelt: Technik
• Themenwelt: Wirtschaft ► Allgemeines / Lexika
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Planung / Organisation
• Schlagworte: Decision Analysis • Decision Support Systems • MCDM applications • MCDM in energy management • MCDM in finance • MCDM in health care • MCDM in telecommunications • MCDM in transportation • model validation • multicriteria decision making • preference modelling • Robustness in MCDM
• ISBN-10: 3-319-39292-1 / 3319392921
• ISBN-13: 978-3-319-39292-9 / 9783319392929