Pub. online:10 Mar 2021Type:Research ArticleOpen Access
Journal:Informatica
Volume 32, Issue 1 (2021), pp. 145–161
Abstract
The main aim of the article is to propose a new multiple criteria decision-making approach for selecting alternatives, the newly-developed MULTIMOOSRAL approach, which integrates advantages of the three well-known and prominent multiple-criteria decision-making methods: MOOSRA, MOORA, and MULTIMOORA. More specifically, the MULTIMOOSRAL method has been further upgraded with an approach that can be clearly seen in the well-known WASPAS and CoCoSo methods, which rely on the integration of weighted sum and weighted product approaches. In addition to the above approaches, the MULTIMOOSRAL method also integrates a logarithmic approximation approach. The expectation from the development of this method is that the integration of several approaches can provide a much more reliable selection of the most appropriate alternative, which can be very important in cases where the performance of alternatives obtained by using some other method does not differ much. Finally, the ranking of alternatives based on the dominance theory, used in the MOORA and MULTIMOORA methods, is replaced by a new original approach that should allow a much simpler final ranking of alternatives in order to reach a stronger result with five different techniques. The suitability and efficacy of the proposed MULTIMOOSRAL approach are presented through an illustrative case study of the supplier selection.
Pub. online:18 Dec 2020Type:Research ArticleOpen Access
Journal:Informatica
Volume 32, Issue 1 (2021), pp. 41–67
Abstract
This study introduces an approach in three phases to cover the disadvantages of the FMEA method including inability to assign different importance to risk factors and incomplete prioritization in uncertain environment. First, the values of Risk Priority Number (RPN) are set through the FMEA method. Then, the Step-wise Weight Assessment Ratio Analysis based on the Z-Number theory (Z-SWARA) method has been done to determine the weights of quintuplet factor. Finally, failures are prioritized using Multi-Objective Optimization by Ratio Analysis based on the Z-number theory (Z-MOORA). The results of implementation of the proposed approach by considering uncertainty and reliability represent a complete prioritization.
Journal:Informatica
Volume 25, Issue 1 (2014), pp. 73–93
Abstract
The comminution process, particularly grinding, is very important in the mineral processing industry. Some characteristics of ore particles, which occur as a product of grinding process, have a significant impact on the effects of further ore processing. At the same time, this process requires a significant amount of energy which significantly affects the overall processing costs. Therefore, in this paper, we propose new multiple criteria decision making model, based on the Ratio system part of the MOORA method, which should enable an efficient selection of the adequate comminution circuit design.
Journal:Informatica
Volume 23, Issue 1 (2012), pp. 141–154
Abstract
In some cases of using multi-criteria decision making methods for solving real-world problems ratings of alternatives cannot be determined precisely, and that is why they are expressed in the form of intervals. Therefore, the aim of this paper is to extend the MOORA method for solving decision making problems with interval data. By extending the ratio system part of MOORA method, an algorithm to determine the most preferable alternative among all possible alternatives, when performance ratings are given as intervals, is presented. Finally, an example is shown to highlight the proposed procedure, at the end of this paper.
Journal:Informatica
Volume 23, Issue 1 (2012), pp. 1–25
Abstract
Multi-Objective Optimization takes care of different objectives with the objectives keeping their own units. The internal mechanical solution of a Ratio System, producing dimensionless numbers, is preferred. The ratio system creates the opportunity to use a second approach: a Reference Point Theory, which uses the ratios of the ratio system. This overall theory is called MOORA (Multi-Objective Optimization by Ratio Analysis). The results are still more convincing if a Full Multiplicative Form is added forming MULTIMOORA. The control by three different approaches forms a guaranty for a solution being as non-subjective as possible. MULTIMOORA, tested after robustness, showed positive results.