An Improved Methodology for Multi-Criteria Evaluations in the Shipping Industry

This paper presents a reliable, easy and more objective approach for ranking and determining preference in a multi-criteria decision-making problem within the shipping industry. Through the integration of the improved score function, fuzzy Shannon’s entropy method and the interval-valued intuitionis...

Mô tả đầy đủ

Chi tiết về thư mục
Những tác giả chính: Aikhuele, Daniel Osezua, Faiz, Mohd Turan
Định dạng: Bài viết
Ngôn ngữ:English
Được phát hành: Faculty of Mechanical Engineering and Naval Architecture, Croatia 2016
Những chủ đề:
Truy cập trực tuyến:http://umpir.ump.edu.my/id/eprint/13835/1/fkp-2016-faiz-improved%20methodology%20for%20multi-criteria.pdf
_version_ 1825823056448192512
author Aikhuele, Daniel Osezua
Faiz, Mohd Turan
author_facet Aikhuele, Daniel Osezua
Faiz, Mohd Turan
author_sort Aikhuele, Daniel Osezua
collection UMP
description This paper presents a reliable, easy and more objective approach for ranking and determining preference in a multi-criteria decision-making problem within the shipping industry. Through the integration of the improved score function, fuzzy Shannon’s entropy method and the interval-valued intuitionistic fuzzy M-TOPSIS method, for ranking and for representing the aggregated effect of positive and negative evaluations in the performance ratings of the alternatives based on interval-valued intuitionistic fuzzy set (IVIFS) data. The integration of the improved score function, fuzzy Shannon’s entropy method and the interval-valued intuitionistic fuzzy M-TOPSIS method in this paper has provided a whole new approach for solving multi-criteria decision-making problems. The improved score function which is applied to the calculation of the separation measures of each alternative from the positive and negative ideal solutions. Reflect and model the fuzziness and hesitation of the decision-maker subjective assessment, while the fuzzy Shannon’s entropy method is been used for calculating the criteria weight. The proposed method has successfully been applied to rank and determined the most appropriate shipping partner for a shipping company located in Malaysia, and for a modified hypothetical example which is based on the selection of a preferred Ship as a reference for a new design. The model has been compared with existing model and we can conclude, it provides a better alternative method for ranking and for the determination of preference in a multi-criteria decision-making problem
first_indexed 2024-03-06T12:05:42Z
format Article
id UMPir13835
institution Universiti Malaysia Pahang
language English
last_indexed 2024-03-06T12:05:42Z
publishDate 2016
publisher Faculty of Mechanical Engineering and Naval Architecture, Croatia
record_format dspace
spelling UMPir138352018-02-22T07:43:14Z http://umpir.ump.edu.my/id/eprint/13835/ An Improved Methodology for Multi-Criteria Evaluations in the Shipping Industry Aikhuele, Daniel Osezua Faiz, Mohd Turan TS Manufactures This paper presents a reliable, easy and more objective approach for ranking and determining preference in a multi-criteria decision-making problem within the shipping industry. Through the integration of the improved score function, fuzzy Shannon’s entropy method and the interval-valued intuitionistic fuzzy M-TOPSIS method, for ranking and for representing the aggregated effect of positive and negative evaluations in the performance ratings of the alternatives based on interval-valued intuitionistic fuzzy set (IVIFS) data. The integration of the improved score function, fuzzy Shannon’s entropy method and the interval-valued intuitionistic fuzzy M-TOPSIS method in this paper has provided a whole new approach for solving multi-criteria decision-making problems. The improved score function which is applied to the calculation of the separation measures of each alternative from the positive and negative ideal solutions. Reflect and model the fuzziness and hesitation of the decision-maker subjective assessment, while the fuzzy Shannon’s entropy method is been used for calculating the criteria weight. The proposed method has successfully been applied to rank and determined the most appropriate shipping partner for a shipping company located in Malaysia, and for a modified hypothetical example which is based on the selection of a preferred Ship as a reference for a new design. The model has been compared with existing model and we can conclude, it provides a better alternative method for ranking and for the determination of preference in a multi-criteria decision-making problem Faculty of Mechanical Engineering and Naval Architecture, Croatia 2016 Article PeerReviewed application/pdf en cc_by http://umpir.ump.edu.my/id/eprint/13835/1/fkp-2016-faiz-improved%20methodology%20for%20multi-criteria.pdf Aikhuele, Daniel Osezua and Faiz, Mohd Turan (2016) An Improved Methodology for Multi-Criteria Evaluations in the Shipping Industry. Brodogradnja/Shipbuilding, 67 (3). pp. 59-72. ISSN 0007-215X (Print); 1845-5859 (Online). (Published) http://hrcak.srce.hr/index.php?show=clanak&id_clanak_jezik=238979 DOI: 10.21278/brod67304
spellingShingle TS Manufactures
Aikhuele, Daniel Osezua
Faiz, Mohd Turan
An Improved Methodology for Multi-Criteria Evaluations in the Shipping Industry
title An Improved Methodology for Multi-Criteria Evaluations in the Shipping Industry
title_full An Improved Methodology for Multi-Criteria Evaluations in the Shipping Industry
title_fullStr An Improved Methodology for Multi-Criteria Evaluations in the Shipping Industry
title_full_unstemmed An Improved Methodology for Multi-Criteria Evaluations in the Shipping Industry
title_short An Improved Methodology for Multi-Criteria Evaluations in the Shipping Industry
title_sort improved methodology for multi criteria evaluations in the shipping industry
topic TS Manufactures
url http://umpir.ump.edu.my/id/eprint/13835/1/fkp-2016-faiz-improved%20methodology%20for%20multi-criteria.pdf
work_keys_str_mv AT aikhueledanielosezua animprovedmethodologyformulticriteriaevaluationsintheshippingindustry
AT faizmohdturan animprovedmethodologyformulticriteriaevaluationsintheshippingindustry
AT aikhueledanielosezua improvedmethodologyformulticriteriaevaluationsintheshippingindustry
AT faizmohdturan improvedmethodologyformulticriteriaevaluationsintheshippingindustry