Sum of Ranking Differences is an innovative statistical method that ranks competing solutions based on a reference point. The latter might arise naturally, or can be aggregated from the data. We provide two case studies to feature both possibilities. Apportionment and districting are two...

In this paper, a new multi-objective technique has been proposed for optimal analysis of three different candidate heat pump solutions including the vapor compression cycle (VCC), trans-critical R744 cycle, and Peltier device to determine which one gives the best configuration and better...

Asset allocation is a critical concern for any investor in the financial market. This paper aims to prioritize five randomly selected firms from the top ten stocks by market capitalization of the Shanghai Stock Exchange (SSE) by opting for adequate financial procedures and practical criteria...

Investment in natural capital is increasingly necessary and urgent considering the increasing loss of global bio- diversity and the associated social and economic losses. Ecosystem services are tools for quantifying the stock of natural capital and there is great concern about their assessment...

Mobile apps (applications) provide services such as information dissemination, knowledge promotion, social media integration, and online shopping, all of which are platforms that enable the strengthening of communication and foster interaction between firms and consumers. The related pieces of...

Non-dominated sorting genetic algorithm (NSGA-II) was deployed in this paper for multi-objective thermo-economic optimization of biomass retrofit for an existing solar organic Rankine cycle (ORC) power plant. The existing plant consists of a field of linear Fresnel collectors (LFC), integrated...

Innovative technologies are increasingly determining the competitive advantage of enterprises. They also form the basis for modern manufacturing processes, enabling them to meet the needs of society. Awareness of the need for technological development has become widespread, which has been...

Reverse logistics (RL) has emerged as a form of disposal and a conscious way to use products at the end of their use through the refurbishment, reuse, and recycling processes. Mainly in developing countries, there are still several barriers during the process of implementing reverse logistics,...

This article proposes a novel multi-criteria multi-commodity network flow (MCMCNF) model to help transport planners and other analysts holistically assess different types of transportation systems (TS). This model provides a tool to autonomously analyse the effect of expansions, tolls, different...

There is a growing demand for public participation in environmental decision-making. However, it is unclear how a large number of citizens can best engage in such complex public policy decision processes. This need from the civil society challenges the OR community to develop online...

Purpose - There is great uncertainty and volatility in the evaluation and measurement of green supplier satisfaction. The purpose of this paper is to fill this gap based on the information entropy theory (IET) to describe the probability of green supplier satisfaction degree....

Purpose The purpose of this paper is to observe how to invest in upper-middle income countries via an innovation perspective following global innovation index (GII) by multicriteria decision aid (MCDA) approach, once MCDA was designed to support subjective decisions. Design/methodology/approach...

The prediction of areas susceptible to floods is essential for the protection of the population living in vulnerable conditions. It is only possible when the main contributing factors are pointed out. It is very challenging for hydrologists to run models when the input data are not...

Optimization via Simulation (OvS) is an useful optimization tool to find a solution to an optimization problem that is difficult to model analytically. OvS consists in evaluating potential solutions through simulation executions; however, its high computational cost is a factor that can make its...

Several decision making problems with multiple decision makers in a hierarchical decision making scenario can be best described using multilevel optimization problem. Different organizational structure adapt a hierarchical decision making system where each decision maker controls parts of the...

In order to find an optimal and time consistent cooperative path in multicriteria multistage game the minimal sum of relative deviations rule is introduced. Using this rule one can construct a vector-valued characteristic function that is weakly superadditive. The sustainability of the...

With the progress in intelligent transportation systems, a great interest has been directed towards traffic sensors information for flow estimation problems. Nevertheless, there is a great challenge to locate such traffic sensors on a network to attain the maximum benefits from them. Considering...

Dairy farming is a subsidiary profession of agriculture in India where dairy cooperatives are an important part of rural development. The current study explores the critical factors in the dairy supply chain, and provides an initial decision framework for its implications. The necessary data...

The rise in environmental awareness has increased the significance of controlling and monitoring electricity consumption. The efficiency of power management is directly affected by the accuracy of predicting electricity consumption. It is easy to estimate the electricity consumption if the...

In the paper, we investigate the role of smart building or green building innovations on the Polish real estate market using the Analytic Hierarchy Process (AHP) method on the group of experts (consultants, managers, brokers) that are active on the office market in Krakow (study area). The...

Many real-world problems in the financial sector have to consider different objectives which are conflicting, for example portfolio selection. Markowitz proposed an approach to determine the optimal composition of a portfolio analysing the trade-off between return and risk. Nevertheless, this...

The rapid development of e-commerce in China has played a critical role in the development of the national economy and ongoing modernization. The plant industry is unique among industries that employ e-commerce sales models because its products exhibit special characteristics such as high death...

In recent decades, parallel to amazing advances in the development of data mining methods, screening, as the first step of any enhanced oil recovery (EOR) project, has become an interesting subject of data mining methods. Screening of EOR methods is a multi-criteria decision making process, and...

The research address a partial issue of market failure in the form of information asymmetry. Within the public sector, social services, together with health services, belong to typical sectors where the information superiority of supply against demand is detected. The presence of...

The aim of the paper is to develop a multicriteria decision model for choosing a University for postgraduate studies abroad. The research has been conducted through a questionnaire distributed to the students from the fourth year of undergraduate studies at the Ss. Cyril and Methodius University...

The PROMETHEE is a significant method for evaluating alternatives with respect to criteria in multi-criteria decision-making problems. It is characterized by many types of preference functions that are used for assigning the differences between alternatives in judgements. This paper proposes a...

This paper proposes an innovative procedure of finding efficient facility location–allocation (FLA) schemes, integrating data envelopment analysis (DEA) and a multi-objective programming (MOP) model methodology. FLA decisions provide a basic foundation for designing efficient supply chain...

This paper presents an application of interactive fuzzy goal programming to the nonlinear multi-objective reliability optimization problem considering system reliability and cost of the system as objective functions. As the decision maker always have an intention to produce highly reliable...

The supplier selection and order allocation are two key strategic decisions in purchasing problem. The review presented in this paper focuses on the supplier selection problems (SSP) and order allocation from year 2000 to 2017 in which a new structure and classification of the existing research...

In this paper, I develop an operational methodology to consistently compare alternative sustainability paradigms (weak sustainability [WS], strong sustainability [SS], a-growth [AG], and de-growth [DG]) and different assessment approaches (life-cycle assessment [LCA], cost-benefit analysis...