Fuzzy multi-criteria decision-making method-based operational assessment of Chinese electricity markets

The evaluation of the electricity market is crucial for fostering market construction and development.An accurate assessment of the electricity market reveals developmental trends,identifies operational issues,and contributes to stable and healthy market growth.This study investigated the characteristics of electricity markets in different provinces and synthesized a comprehensive set of evaluation indicators to assess market effectiveness.The evaluation framework,comprising nine indicators organized into two tiers,was constructed based on three aspects:market design,market efficiency,and developmental coordination.Furthermore,a novel fuzzy multi-criteria decision-making evaluation model for electricity market performance was developed based on the Fuzzy-BWM and fuzzy COPRAS methodologies.This model aimed to ensure both accuracy and comprehensiveness in market operation assessment.Subsequently,empirical analyses were conducted on four typical provincial-level electricity markets in China.The results indicate that Guangdong’s electricity market performed best because of its effective balance of stakeholder interests and adherence to contractual integrity principles.Zhejiang and Shandong ranked second and third,respectively,whereas Sichuan exhibited the poorest market performance.Sichuan’s electricity market must be improved in terms of market design,such that market players can obtain a fairly competitive environment.The sensitivity analysis of the constructed indicators verified the effectiveness of the evaluation model proposed in this study.Finally,policy recommendations were proposed to facilitate the sustainable development of China’s electricity markets with the objective of transforming them into efficient and secure markets adaptable to the evolution of novel power systems.

Enabling weakened hedges in linguistic multi-criteria decision making

A semantics-based model is proposed to enable weakened hedges, such as ＂more or less＂ and ＂roughly＂ in the context of linguistic multi-criteria decision making. First, the resemblance relations are defined based on the semantics of terms on the domain. Then, the hedges can be represented after the upper and loose upper approximations of a linguistic term are derived. Accordingly, some compact formulae can be derived for the semantics of linguistic expressions with hedges. Parameters in these formulae are objectively determined according to the semantics of original terms. The proposed model presents a more natural way to express the decision information under uncertainties and its semantics is clear. The proposed model is clarified by solving the problem of evaluation and selection of sustainable innovative energy technologies. Computational results demonstrate that the model can deal with various uncertainties of the problem. Finally, the model is compared with existing techniques and extended to the case when the semantics of terms are represented by trapezoidal fuzzy numbers.

Aggregation operators on intuitionistic trapezoidal fuzzy number and its application to multi-criteria decision making problems

Intuitionistic trapezoidal fuzzy numbers and their operational laws are defined. Based on these operational laws, some aggregation operators, including intuitionistic trapezoidal fuzzy weighted arithmetic averaging operator and weighted geometric averaging operator are proposed. Expected values, score function, and accuracy function of intuitionitsic trapezoidal fuzzy numbers are defined. Based on these, a kind of intuitionistic trapezoidal fuzzy multi-criteria decision making method is proposed. By using these aggregation operators, criteria values are aggregated and integrated intuitionistic trapezoidal fuzzy numbers of alternatives are attained. By comparing score function and accuracy function values of integrated fuzzy numbers, a ranking of the whole alternative set can be attained. An example is given to show the feasibility and availability of the method.

Hybrid multiple attribute decision making model based on entropy

From the viewpoint of entropy, this paper investigates a hybrid multiple attribute decision making problem with precision number, interval number and fuzzy number. It defines a new concept： project entropy and the decision is taken according to the values. The validity and scientific nature of the given is proven.

Multi-criteria linguistic interval group decision-making approach

For group decision-making problems with linguistic assessment information, a new method based on two-tuple and WC-OWA operator is proposed, in which the criteria＇s weights and the decision-makers＇ preference information might take the form of linguistic grade, or might be between two continuous linguistic grades, or might be linguistic interval, or might be default. In this method, all linguistic values are transformed into two-tuple, and an aggregative decision-making matrix is obtained by using interval operation. The group aggregative values of each criterion on alternatives are computed by using a WC-OWA operator, the aggregative values on alternatives are worked out, and transformed into two-tuple. And the rank of the alternatives is obtained by using the order property of two-tuple. An example shows the feasibility and effectiveness of the proposed method.

Multi-criteria group decision making with fuzzy data:an extension of the VIKOR method

The VIKOR method is a multi-criteria decision making aid, which employs linear normalization to offer compromise solu- tions and has been successfully applied to various group decision making problems. However, the conventional VIKOR techniques used to integrate group judgments and the information loss arising from defuzzification are problematic and distort final outcomes. An improved integration method, which is optimization-based, is proposed. And it can handle fuzzy criteria values and weights. The precondition for accurately defuzzifying triangular fuzzy num- bers is identified. Several effective defuzzification procedures are proposed to improve the extant VIKOR, and a comprehensive evaluation framework is offered to aid multi-criteria group decision making. Finally, a numerical example is provided to illustrate the practicability of the proposed method.

Prospect Theory Based Hesitant Fuzzy Multi-Criteria Decision Making for Low Sulphur Fuel of Maritime Transportation

The environmental impact of maritime transport has now become a relevant issue in sustainable policy formulation and has attracted increasing interest from academia.For the sustainable development of maritime transport,International Maritime Organization stipulates that the sulfur content of ship emissions will reach 0.5 from 2020.With the approaching of the stipulated implementation date,shipowners need to adopt scientific methods to make decision on low sulfur fuel.In this study,we applied a prospect theory based hesitant fuzzy multi-criteria decision-making model to obtain the optimal decision of low Sulphur marine fuel.For this purpose,the hesitant fuzzy decision matrix is established to collect expert opinions,the maximizing deviation method is adopted to determine criteria weights.According to calculate the Euclidean distance from the reference points,we obtain the comprehensive prospect values of alternatives.Lastly,a case study is carried out to illustrate the significance and effectiveness of the proposed methodology.The innovation of this study is that it is the first-time adopting prospect theory and hesitate fuzzy sets to multi-criteria decision making for low Sulphur marine fuel,which provides an effective decision model for shipping companies under Low Sulphur regulations,and can also be extended to other industries.

Factors Affecting Selection of Elective Courses:The Use of Multi-Criteria Decision Making Model

Elective course selection has always been a serious and important decision making process for students in institutions. The aim of this study is to determine weights of factors affecting elective course selection from students' perspective. So as to solve the problem, Analytic Hierarchy Process (AHP) based model was used. Factors which affect the elective course selection from students' point of view include five main criteria and 13 sub-criteria which were indicated by students. An online questionnaire containing demographic questions, enabled each student to compare the relative priority of criteria with all of the other criteria. The responses were evaluated via Super Decisions software, and priorities were determined using the Analytic Hierarchy Process (AHP). According to the analysis of 40 experts (i.e., graduate students studying in engineering programs), course schedule and teaching staff related factors are the two most important factors affecting the elective course selection. A real- life situation which will help students who are indecisive and hesitates while selecting an elective course was observed. AHP contributes to develop an analytic and comprehensive framework decision making. The method should be considered by faculty member involved in decisions about curriculum update and offering new courses.

A Multi-Criteria Decision Making for the Unrelated Parallel Machines Scheduling Problem

In this paper, we propose a multi-criteria machine-schedules decision making method that can be applied to a produc-tion environment involving several unrelated parallel machines and we will focus on three objectives: minimizing makespan, total flow time, and total number of tardy jobs. The decision making method consists of three phases. In the first phase, a mathematical model of a single machine scheduling problem, of which the objective is a weighted sum of the three objectives, is constructed. Such a model will be repeatedly solved by the CPLEX in the proposed Multi-Objective Simulated Annealing (MOSA) algorithm. In the second phase, the MOSA that integrates job clustering method, job group scheduling method, and job group – machine assignment method, is employed to obtain a set of non-dominated group schedules. During this phase, CPLEX software and the bipartite weighted matching algorithm are used repeatedly as parts of the MOSA algorithm. In the last phase, the technique of data envelopment analysis is applied to determine the most preferable schedule. A practical example is then presented in order to demonstrate the applicability of the proposed decision making method.

Selection of Renewable Energy Based on Life Cycle Assessment and Multi-Criteria Decision Making

The development of renewable energy has become an important issue nowadays owing to the growing concerns about global warming and shortage of fossil fuels. The present study proposes an approach that integrates life cycle assessment (LCA), 3E (Energy-Economics-Environment) indicators and multi-criteria analysis (MCA) to evaluate environmental impacts and find the best choice or better choices among various renewable energy development plans. Several alternatives of wind turbines and photovoltaic (PV) systems are considered in the case study since they are found to be more feasible in Taiwan in a preliminary study. By using the proposed approach, the result indicates that the major environmental impacts arising from the development of wind turbines and PV systems in Taiwan are the generation of respiratory inorganics and minerals as well as the consumption of fossil fuels. Based on experts’ opinions, the outcome of multi-criteria analysis suggests that wind turbines have more advantages than PV systems in Taiwan. In particular, among the studied systems, a 2500-kW offshore wind turbine system has the greatest integrated performance, and a 4500-kW onshore wind turbine system comes in second.

The Development of the Generation Expansion Planning System Using Multi-Criteria Decision Making Rule

The power expansion planning is large and capital intensive capacity planning. In the past, the expansion planning was established with the proper supply reliability in order to minimize social cost. However, such planning cannot be used in the power markets with many market participants. This paper proposed the power expansion planning process in the power markets. This system is composed of Regulator and Generation Company （GENCO）＇s model. Multi-criteria decision making rule is used for regulator model and several scenarios for GENCO model are applied.

Decision making tools for optimal material selection:A review

The present work reviews different decision making tools(material comparing and choosing tools)used for selecting the best material considering different parameters.In this review work,the authors have tried to address the following important enquiries:1)the engineering applications addressed by the different material choosing and ranking methods;2)the predominantly used decision making tools addressing the optimal material selection for the engineering applications;3)merits and demerits of decision making tools used;4)the dominantly used criteria or objectives considered while selecting a suitable alternative material;5)overview of DEA on material selection field.The authors have surveyed literatures from different regions of the globe and considered literatures since 1988.The present review not only stresses the importance of material selection in the early design stage of the product development but also aids the design and material engineers to apply different decision making tools systematically.

CRITIC-CoCoSoModel Application in Hybrid Solar-Wind Energy Plant Location Selection Problem:A Case Study in Vietnam

This paper presents a novel multi-criteria decision-making(MCDM)model for selecting optimal locations for a solar-wind hybrid energy plant in Vietnam.The study employs the Criteria Importance Through Intercriteria Correlation(CRITIC)and Combined Compromise Solution(CoCoSo)methods to address the challenge of evaluating potential sites based on a range of economic,technical,environmental,and social criteria.By integrating CRITIC for criteria weighting and CoCoSo for ranking alternatives,the study underscores the importance of objective,data-driven approaches in the strategic planning and implementation of sustainable energy projects.The results identifyHamThuanNamDistrict inBinhThuan Province(DA4)as themost suitable site for the solar-wind hybrid energy plant,with a performance score of 2.0919.Phan Thiet City(DA3)and Ninh Phuoc District(DA6)rank second and third,with scores of 2.0655 and 1.8723,respectively.Sensitivity analysis confirms the robustness of the model,showing stable rankings under various scenarios.

Multi-Criteria Decision Analysis for Usage Based Optimization of Powertrains

The electrification of powertrains leads to an increasing diversification of powertrain configurations. Each single configuration has its specific advantages which appear depending on the usage profile. To find the usage based optimal powertrain in consideration of a variety of evaluation criteria, the powertrains have to be optimized for the usage profile and characteristics have to be extracted from the usage profile. The carbon dioxide emissions of the optimized powertrains and usage based criteria are used in a multi-criteria decision analysis to determine the optimal powertrain for a specific usage profile. The description of characteristic maps forms the objective function of a minimization problem. The determined carbon dioxide emissions are one criterion in a multi-criteria decision process. All considered criteria are at least partly objective so that subjective ratings are eliminated as far as possible. The result is an optimized powertrain for a desired usage under the consideration of objective criteria that are extracted from the usage profile.

Application of TOPSIS Method in Support of Decisions Made in Staff Management Issues

Evaluation model was proposed which refers to fuzzy formalism of the personnel management issues taking account their specific characteristics. Application of TOPSIS （technique for order Performance by similarity to ideal solution） method for evaluation and regulation of alternatives based on hierarchically structured criteria of qualitative character by multiple experts to intellectually support decisions made in staff management issues is reviewed in the article. Candidate selection experiment based on criteria system formed using TOPSIS method for evaluation of candidates during solution of hiring problems reviewed and obtained results were compared with results obtained using Matlab program package.

A Hybrid MCDM Approach Based on ANP and TOPSIS for Facility Layout Selection

Facility layout selection is a multi-criteria decision making (MCDM) problem,since it has a strategic impact on the efficiency of manufacturing system.In view of the interdependency among selection criteria,analytic network process (ANP) is proposed to analyze the structure of the facility layout selection problem and determine the weights for each criterion.A network structure is constructed that shows all elements and clusters and their interactions.Limit priorities are also calculated which help decision maker evaluate the relative importance among criterion in the alternative selection process.Moreover,a hybrid MCDM approach that employs ANP and technique for order preference by similarity to an ideal solution (TOPSIS)method to rank the optimal facility layout alternatives.Finally,an application of a new aeronautic component assembly workshop facility layout selection is conducted.To further illustrate the advantage of the proposed approach,the difference between ANP-TOPSIS and AHP-TOPSIS methods are compared and discussed.Results have demonstrated the effectiveness and feasibility of the proposed method.

Multi-Criteria Decision Making Based on Correlation Coefficient of Triangular Intuitionistic Fuzzy Numbers

We study a multi-criteria fuzzy decision-making method based on weighted triangular intuitionistic fuzzy number correlation coefficients. Under the scenario that criteria weights for alternatives are completely unknown, triangular intuitionistic fuzzy method can not only supplement the insufficiency of the method based on the distance but also endow more information to the estimation and reduce the loss of evaluation information.Among the triangular numbers, two boundary numbers are the maximum and minimum values of the interval respectively, and the medium number is the most possible value under subjective estimation. Using this method,we propose a new way to obtain the criteria weights with more information quantity. By ranking the relative closeness of the weighted correlation coefficients between each alternative, and the critical and ideal alternatives,we show the method to figure out the most suitable alternative based on the expected criteria. An illustrative example is also taken into account to prove the effectiveness of the model.

Multi-criteria decision making method based on improved cosine similarity measure with interval neutrosophic sets

Purpose–The fuzziness and complexity of evaluation information are common phenomenon in practical decision-making problem,interval neutrosophic sets(INSs)is a power tool to deal with ambiguous information.Similarity measure plays an important role in judging the degree between ideal and each alternative in decision-making process,the purpose of this paper is to establish a multi-criteria decision-making method based on similarity measure under INSs.Design/methodology/approach–Based on an extension of existing cosine similarity,this paper first introduces an improved cosine similarity measure between interval neutosophic numbers,which considers the degrees of the truth membership,the indeterminacy membership and the falsity membership of the evaluation values.And then a multi-criteria decision-making method is established based on the improved cosine similarity measure,in which the ordered weighted averaging(OWA)is adopted to aggregate the neutrosophic information related to each alternative.Finally,an example on supplier selection is given to illustrate the feasibility and practicality of the presented decision-making method.Findings–In the whole process of research and practice,it was realized that the application field of the proposed similarity measure theory still should be expanded,and the development of interval number theory is one of further research direction.Originality/value–The main contributions of this paper are as follows:this study presents an improved cosine similarity measure under INSs,in which the weights of the three independent components of an interval number are taken into account;OWA are adopted to aggregate the neutrosophic information related to each alternative;and a multi-criteria decision-making method using the proposed similarity is developed under INSs.

INTEGRATING COMPLEX SYSTEM DYNAMICS OF PANDEMIC INFLUENZA WITH A MULTI-CRITERIA DECISION MAKING MODEL FOR EVALUATING PUBLIC HEALTH STRATEGIES

Recent developments in computational sciences and computer modeling have allowed emergency preparedness exercises to include simulation models as supporting tools. These simulation models are generally built for predicting temporal and geographic patterns of disease spread. However sole use of simulation models in exercise design falls short in terms of incorporating policy decision makers＇ preferences into decision-making processes. In this paper, a general framework for exercising public health preparedness plans with a decision support system is presented to integrate estimation of key epidemiological parameters with a system dynamics model of an outbreak. A multi-criteria decision making framework, an Analytical Hierarchy Process model, is then developed and integrated with the simulation model to help public health policy makers prioritize their response goals and evaluate mitigation strategies in a table-top exercise environment.