Vision-based Weighting System (ViWeS) in Prospective MADM

Authors

  • Sarfaraz Hashemkhani Zolfani School of Engineering, Catholic University of the North, Coquimbo, Chile
  • Ali Ebadi Torkayesh Faculty of Engineering and Natural Sciences, Sabanci University, Istanbul, Turkey
  • Ramin Bazrafshan Department of Industrial Engineering and Management Systems, Amirkabir University of Technology (Tehran Polytechnic), Tehran, Iran

DOI:

https://doi.org/10.31181/oresta20402140z

Keywords:

Prospective Multiple Attribute Decision Making (PMADM), Vision-based weighting system (ViWeS), Evaluation Based on the Distance from the Average Solution (EDAS), Policy-Making, Weighting system

Abstract

Policy-making is an undeniable decision-making process in every company where different kinds of decisions are taken based on different goals and preferences in each vision. “Prospective Multiple Attribute Decision Making (PMADM)” is one of the well-known decision-making frameworks that have been used as a flexible decision-making tool for developing policies and making future decisions over different periods. This study presents a multi attribute problem with three different visions where a decision-making process is required for each vision in order to prioritize the potential set of alternatives. Evaluation Based on the Distance from the Average Solution (EDAS) is used as a MADM model to show the applicability and feasibility of the PMADM framework. A vision-based weighting system (ViWeS) prepares a new opportunity to take proper decisions in different visions and time requirements. This research is analyzed three-time vision (Current, 2025, and 2030) and showed by changing the time, the rank of the alternatives also is changed. In numerical example is indicated in the current vision, Alternative 5 gets rank one and alternative six get rank 2, for 2025 vision, the rank one and two don’t change, and in vision 2030, the rank of one does not change, but the rank of second change from Alternative 6 to 3.

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Published

2021-07-08

How to Cite

Hashemkhani Zolfani, S., Torkayesh, A. E., & Bazrafshan, R. (2021). Vision-based Weighting System (ViWeS) in Prospective MADM. Operational Research in Engineering Sciences: Theory and Applications, 4(2), 140–150. https://doi.org/10.31181/oresta20402140z