Hybrid energy systems (HESs) are becoming popular for standalone applications due to global concern regarding green house gas (GHG) emissions and depletion of fossil fuel resources. Research in the optimal design of HESs is ongoing, with numerous optimization techniques giving special emphasis...

In the context of multiple attribute decision making, preference models making use of reference points in an ordinal way have recently been introduced in the literature. This text proposes an axiomatic analysis of such models, with a particular emphasis on the case in which there is only one...

Purpose – Owing to the importance of the portfolio problem in modern financial investment fields, the aim of this paper is to rank and choose suitable stocks in stock markets under vague environment. Design/methodology/approach – Many new principles and methods have been introduced to help...

Frequently, management decision making problems involve multiple criteria/objectives/attributes. Over the years, many quantitative methods have been developed to facilitate making rational decisions involving multiple criteria. The Analytic Hierarchy Process (AHP) is, in general, regarded as one...

This article presents an introduction to multicriteria decision making using two decision tools: the Analytic Hierarchy Process (AHP) and its generalization to dependence and feedback – the Analytic Network Process (ANP). The discussion involves theoretical aspects of these methods and some...