Abstract: The many feasible alternatives and conflicting
objectives make equipment selection in materials handling a
complicated task. This paper presents utilizing Monte Carlo (MC)
simulation combined with the Analytic Hierarchy Process (AHP) to
evaluate and select the most appropriate Material Handling
Equipment (MHE). The proposed hybrid model was built on the base
of material handling equation to identify main and sub criteria critical
to MHE selection. The criteria illustrate the properties of the material
to be moved, characteristics of the move, and the means by which the
materials will be moved. The use of MC simulation beside the AHP
is very powerful where it allows the decision maker to represent
his/her possible preference judgments as random variables. This will
reduce the uncertainty of single point judgment at conventional AHP,
and provide more confidence in the decision problem results. A small
business pharmaceutical company is used as an example to illustrate
the development and application of the proposed model.
Abstract: Disposal of health-care waste (HCW) is considered as
an important environmental problem especially in large cities.
Multiple criteria decision making (MCDM) techniques are apt to deal
with quantitative and qualitative considerations of the health-care
waste management (HCWM) problems. This research proposes a
fuzzy multi-criteria group decision making approach with a multilevel
hierarchical structure including qualitative as well as
quantitative performance attributes for evaluating HCW disposal
alternatives for Istanbul. Using the entropy weighting method,
objective weights as well as subjective weights are taken into account
to determine the importance weighting of quantitative performance
attributes. The results obtained using the proposed methodology are
thoroughly analyzed.
Abstract: Global competitiveness has recently become the
biggest concern of both manufacturing and service companies.
Electronic commerce, as a key technology enables the firms to reach
all the potential consumers from all over the world. In this study, we
have presented commonly used electronic payment systems, and then
we have shown the evaluation of these systems in respect to different
criteria. The payment systems which are included in this research are
the credit card, the virtual credit card, the electronic money, the
mobile payment, the credit transfer and the debit instruments. We
have realized a systematic comparison of these systems in respect to
three main criteria: Technical, economical and social. We have
conducted a fuzzy multi-criteria decision making procedure to deal
with the multi-attribute nature of the problem. The subjectiveness
and imprecision of the evaluation process are modeled using
triangular fuzzy numbers.