In this study, a new risk assessment model is developed and the evidence reasoning (ER) approach is applied to assess failure risk of knowledge-intensive services (KIS) corporates in the UK. General quantitative financial indicators alone (e.g., operational capability or profitability) cannot...

Multi-Criteria Decision Analysis (MCDA) is a sub-discipline of operations research that aims to solve multi-objective optimization problems by evaluating competing factors in decision-making. MCDA supports multidimensional decision-making processes through the analysis of diverse inputs at...

Persisting social exclusion is one of the key issues the European Union Member States have to handle according to the headline targets of the Europe 2020 strategy. In the Czech Republic, more than 1 million people - 12.5% of the whole population - lived in the year 2019 at risk of poverty or...

Small- and medium-sized enterprises (SMEs) have a crucial influence on the economic development of every nation, but access to formal finance remains a barrier. Similarly, financial institutions encounter challenges in the assessment of SMEs' creditworthiness for the provision of financing....

It has been shown that evolutionary algorithms are able to construct suitable search strategies for classes of Constraint Satisfaction Problems (CSPs) in Constraint Programming. This paper is an explanation of the use of multi-objective optimisation in contrast to simple additive weighting...

Background: Uncertainty is the major source of hazards, and it is present in a wide range of business activities. Due to the high level of unpredictability in logistics operations, the logistics sector has traditionally operated in a high-risk environment. These risks have become considerably...

Background: Considering the global concern in balancing economic growth with environmental sustainability, the study proposes a model to support multicriteria decision-making. From the systematic literature review and bibliometric analysis, there was an increasing trend in studies on electronic...

In studying petroleum supply chain networks, past studies have largely segregated three critical decision-making aspects: integrated planning, uncertainties, and multi-objective setting. This study focuses on consolidating these aspects and proposes a stochastic, multi-objective, mixed-integer...

Public-private partnership (PPP)-based infrastructure projects generally face many risks and uncertainties at all stages of the project, including initial studies, design, construction, and operation. This causes many challenges such as increased costs, delays in the project and loss of...

The economic crisis of 2008 has highlighted the ineffectiveness of the banks in their disbursement of mortgages which caused the spread of Non-Performing Loans (NPLs) with underlying real estate. With the methods stated by the Basel III agreements, aimed at improving the capital requirements of...

Persisting social exclusion is one of the key issues the European Union Member States have to handle according to the headline targets of the Europe 2020 strategy. In the Czech Republic, more than 1 million people - 12.5% of the whole population - lived in the year 2019 at risk of poverty or...

Supplier risks have attracted significant attention in the supply chain risk management literature. In this article, we propose a new computational system based on the "Fuzzy Extended Analytic Hierarchy Process (FEAHP)" method for supplier selection while considering the relevant risks. We...

This article presents an indicator weighting method for constructing composite indices to assess sustainable development at the subnational level. The study uses an analytic hierarchy process (AHP), which is considered relevant, since it establishes links between the indicators that make up the...

This study presents a real-world multi-objective facility location analytics model for determining the number and locations of Temporary Emergency Service Centers (TESCs) for a regional natural gas distribution company in Turkey. These centers are set up temporarily after natural disasters...

This paper presents a methodology for making decisions in the stock market using the AHP-TOPSIS multi-criteria technique. The problem is related to the stock market's investment process considering the criteria of liquidity, risk, and profitability. The proposed methodology includes integrating...

Goal programming is a decision making technique that seeks to help decision makers make decisions that satisfy competing goals to the best extent possible. This article provides a description of goal programming, demonstrates how it can be implemented on a spreadsheet, and illustrates its use...

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...

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....

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...

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,...

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...

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...

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...

Purpose Information-facilitated product recovery system (IFPRS) has captivated industry attention and has developed into a matter of consideration among the researchers because of enhanced climate concerns, jurisdictive logics and societal liabilities. Although IFPRS implementation has become an...

In September 2015, the United Nations General Assembly adopted the 2030 Agenda for Sustainable Development, which includes 17 Sustainable Development Goals (SDGs). One of them, Goal 3, is defined as: Ensure healthy lives and promote well-being for all at all ages. In the paper, we have...

The research interest in bank profitability and efficiency is linked to the economic situation and an important issue for policymakers is to ensure economic stability. Nevertheless, managerial decisions and the environment could play a critical role in ensuring proper and efficient allocation of...

Supply chain disruptions have serious consequences for society and this has made supply chain risk management (SCRM) an attractive area for researchers and managers. In this paper, we use an objective literature mapping approach to identify, classify, and analyze decision-making models and...