Decision Making: Applications in Management and Engineering  

Martin Vilela, Gbenga Oluyemi, Andrei Petrovski

Value of information is a widely accepted methodology for evaluating the need to acquire new data in the oil and gas industry. In the conventional approach to estimating the value of information, the outcomes of a project assessment relate to the decision... see more

Ibrahim Badi, Ali Abdulshahed, Ali Shetwan, Wisam Eltayeb

Evaluation and selection of the appropriate method for solid waste treatment (SWT) in Libya are a complex problem and require an extensive evaluation process. This is because it is very difficult to develop a selection criterion that can precisely describ... see more

Papun Biswas, Bijay Baran Pal

The objective of this work is to present a priority-based fuzzy goal programming (FGP) method for solving the congestion management (CM) problem in electric power transmission lines by employing genetic algorithm (GA). To formulate the model for this prob... see more

Amalendu Si, Sujit Das, Samarjit Kar

Comparison of picture fuzzy numbers (PFNs) are performed using score and accuracy values. But when both of the score and accuracy values are equal, those PFNs are said to be identical. This article presents a novel method to compare the PFNs even when the... see more

Farhad Yusifov, Rasim Alguliyev, Ramiz Aliguliyev

E-voting is one of the most important components of e-democracy and includes interesting research topics, such as the mechanisms of participation in elections, technological solutions to e-voting and the efficient application of those in e-voting. Current... see more

Patrick Anthony, Babak Behnoee, Malek Hassanpour, Dragan Pamucar

Financial appraises creates a prominent media for giving advice in the expansion, development of any society as well as its role in forbearance and stamina in depletion and recession. Obviously, manufacturing units have a main role in the development and ... see more

Arindam Roy, Apurba Manna, Samir Maity

In the present study, a Novel Memetic Genetic Algorithm (NMGA) is developed to solve the Traveling Salesman Problem (TSP). The proposed NMGA is the combination of Boltzmann probability selection and a multi-parent crossover technique with known random mut... see more

Partha Sarathi Barma, Joydeep Dutta, Anupam Mukherjee

The Multi-depot vehicle routing problem (MDVRP) is a real-world variant of the vehicle routing problem (VRP) where the customers are getting service from some depots. The main target of MDVRP is to find the route plan of each vehicle for all the depots to... see more

Mališa Žižovic, Dragan Pamucar

This paper presents new subjective model for determining weight coefficients in multi-criteria decision-making models. The new Level Based Weight Assessment (LBWA) model enables the involvement of experts from different fields with the purpose of defining... see more

Sanjib Biswas, Gautam Bandyopadhyay, Banhi Guha, Malay Bhattacharjee

Investment in Mutual Funds (MF) has generated increasing interest among the investors over last few decades as it provides an opportunity for flexible and transparent choice of funds to diversify risk while having return potential. MF are essentially a po... see more