Displaying similar documents to “Application of a quantitative multiple criteria decision making (MCDM-1) approach to the analysis of investments in construction”

A model for opinion agreement and confidence in multi-expert multi-criteria decisión making.

Gerardo Canfora, Luigi Troiano (2004)

Mathware and Soft Computing

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In multi-expert multi-criteria decision making problems, we often have to deal with different opinions, different importance of criteria and experts, missing data, unexpressed opinions and experts who are not fully confident with their judgment. All these factors make the problem more difficult to solve, and run the risk of making the model logic less transparent. In this paper, we present a model based on simple assumptions described by logical rules, in order to maintain the model...

Evaluation of decision-making units based on the weight-optimized DEA model

Jiasen Sun, Rui Yang, Xiang Ji, Jie Wu (2017)

Kybernetika

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Data envelopment analysis (DEA) is a methodology for measuring best relative efficiencies of a group of peer decision-making units (DMUs) that take multiple inputs to produce multiple outputs. However, the traditional DEA model only aims to maximize the efficiency of the DMU under evaluation. This usually leads to very small weights (even zero weights) being assigned to some inputs or outputs. Correspondingly, these inputs or outputs have little or even no contribution to efficiency,...

A model of decision with linguistic knowledge.

María Teresa Lamata Jiménez (1994)

Mathware and Soft Computing

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The aim of this paper is to develop a new aggregating method for the decision problem in which the possible values of rewards are known in linguistic terms. We show new operators for solving this problem, as well as the way in which OWA operators provide us with an adequate framework for representing the optimism degree of the decision maker in case we have no information about the real state.

An Approach for a more Objective Evaluation of Practical Projects, Used in the Training Process

Delinov, Emil, Eskenazi, Avram (2014)

Serdica Journal of Computing

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Well–prepared, adaptive and sustainably developing specialists are an important competitive advantage, but also one of the main challenges for businesses. One option of the education system for creation and development of staff adequate to the needs is the development of pro jects with topics from real economy ("Practical Projects"). The objective assessment is an essential driver and motivator, and is based on a system of well-chosen, well-defined and specific criteria and indicators. An...