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Article: An integrated fuzzy decision support system for multicriterion decision-making problems

TitleAn integrated fuzzy decision support system for multicriterion decision-making problems
Authors
KeywordsCost benefit analysis
Decision support systems
Economics
Fuzzy sets
Investments
Strategic planning
Issue Date2003
PublisherProfessional Engineering Publishing Ltd. The Journal's web site is located at http://pib.sagepub.com/
Citation
Institution of Mechanical Engineers Proceedings Part B: Journal of Engineering Manufacture, 2003, v. 217 n. 1, p. 11-27 How to Cite?
AbstractIn order to compete effectively in today's rapidly changing world economy, decision making should be made fast and accurate, especially when many tangible and intangible factors are considered together. Making decisions to implement advanced manufacturing technologies (AMTs) is a good example. However, not all AMT implementations are successful because most of the conventional investment justification criteria are built on tangible factors, such as cost reduction, only. Intangiabl long-term benefits such as improvement in quality, increase in flexibility, and fast delivery are always disregarded. The objective of this paper is to present an integrated approach, which incorporates different approaches (e.g. strategic, economic and analytic evaluations) for assessing the benefits among several alternative proposals, such as implementing AMT, by a fuzzy multicriterion decision-making method.
Persistent Identifierhttp://hdl.handle.net/10722/74408
ISSN
2015 Impact Factor: 0.978
2015 SCImago Journal Rankings: 0.541

 

DC FieldValueLanguage
dc.contributor.authorChan, FTS-
dc.contributor.authorChan, HK-
dc.contributor.authorChan, MH-
dc.date.accessioned2010-09-06T07:01:02Z-
dc.date.available2010-09-06T07:01:02Z-
dc.date.issued2003-
dc.identifier.citationInstitution of Mechanical Engineers Proceedings Part B: Journal of Engineering Manufacture, 2003, v. 217 n. 1, p. 11-27-
dc.identifier.issn0954-4054-
dc.identifier.urihttp://hdl.handle.net/10722/74408-
dc.description.abstractIn order to compete effectively in today's rapidly changing world economy, decision making should be made fast and accurate, especially when many tangible and intangible factors are considered together. Making decisions to implement advanced manufacturing technologies (AMTs) is a good example. However, not all AMT implementations are successful because most of the conventional investment justification criteria are built on tangible factors, such as cost reduction, only. Intangiabl long-term benefits such as improvement in quality, increase in flexibility, and fast delivery are always disregarded. The objective of this paper is to present an integrated approach, which incorporates different approaches (e.g. strategic, economic and analytic evaluations) for assessing the benefits among several alternative proposals, such as implementing AMT, by a fuzzy multicriterion decision-making method.-
dc.languageeng-
dc.publisherProfessional Engineering Publishing Ltd. The Journal's web site is located at http://pib.sagepub.com/-
dc.relation.ispartofInstitution of Mechanical Engineers Proceedings Part B: Journal of Engineering Manufacture-
dc.subjectCost benefit analysis-
dc.subjectDecision support systems-
dc.subjectEconomics-
dc.subjectFuzzy sets-
dc.subjectInvestments-
dc.subjectStrategic planning-
dc.titleAn integrated fuzzy decision support system for multicriterion decision-making problems-
dc.typeArticle-
dc.identifier.emailChan, FTS: ftschan@hkucc.hku.hk-
dc.identifier.authorityChan, FTS=rp00090-
dc.identifier.doi10.1243/095440503762502251-
dc.identifier.scopuseid_2-s2.0-0037255583-
dc.identifier.hkuros76071-
dc.identifier.volume217-
dc.identifier.issue1-
dc.identifier.spage11-
dc.identifier.epage27-
dc.publisher.placeUnited Kingdom-

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