Using additive models for aggregation of criteria is an important procedure in many multicriteria decision methods. This compensatory approach, which scores the alternatives straightforwardly, may have significant drawbacks. For instance, the Decision Maker (DM) may prefer not to select...

This paper proposes a multicriteria model for assessing risk in natural gas pipelines, and for classifying sections of pipeline into risk categories. The model integrates Utility Theory and the ELECTRE TRI method. It aims to help transmission and distribution companies, when engaged in risk...

In problems to do with managing water resources multiple decision makers are involved, each acting in their own right and using different value systems. In the literature on management science, several procedures are proposed in order to establish a collective preference based on the aggregation...

As already noted by Mavrotas et al. (2006), the PROMETHEE V method for multi-attribute analysis of portfolio problems will fail to include an item in a portfolio if it has a negative net flow with respect to other items, although adding such an item might actually improve the entire portfolio....

Sizing the capacity of a call center is a well known problem. However, in some cases there are regulatory aspects that must be observed that, combined with specificities of the service provided and how it operates, affects the manner of the process for forecasting the inbound call rate and...

Traditional newsvendor models usually focus on single profit maximization or cost minimization approaches. However, making a monetary estimate of the consequences of lost sales as a result of shortages is often a difficult task for many practitioners. Besides, there is still a lack of an...