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This book describes a wide range real-case applications of Multi-Criteria Decision Making (MCDM) in maritime related subjects including shipping, port, maritime logistics, cruise ports, waterfront developments, and shipping finance, etc. In such areas, researchers, students and industrialists, in general, felt struggling to find a step-by-step guide on how to apply MCDM to formulate effective solutions to solving real problems in practice. This book focuses on the in-depth analysis and applications of the most well-known MDCM methodologies in the aforementioned areas. It brings together an eclectic collection of twelve chapters which seek to respond to these challenges. The book begins with an introduction and is followed by an overview of major MCDM techniques. The next chapter examines the theory of analytic hierarchy process (AHP) in detail and investigates a fuzzy AHP (FAHP) approach and its capability and rationale in dealing with decision problems of ambiguous information. Chapter 4 proposes a generic methodology to identify the key factors influencing green shipping and to establish an evaluation system for the assessment of shipping greenness. In Chapter 5, the authors describe a new function of fuzzy Evidential Reasoning (ER) to improve the vessel selection process in which multiple criteria with insufficient and ambiguous information are evaluated and synthesized. Chapter 6 presents a novel methodology by using an Artificial Potential Field (APF) model and the ER approach to estimate the collision probabilities of monitoring targets for coastal radar surveillance. Chapter 7 develops the inland port performance assessment model (IPPAM) using a hybrid of AHP, ER and a utility function. The next chapter showcases a challenging approach to address the risk and uncertainty in LNG transfer operations, by utilizing a Stochastic Utility Additives (UTA) method with the help of the philosophy of aggregation–disaggregation coupled with a robustness control procedure. Chapter 9 uses Entropy and Grey Relation Analysis (GRA) to analyze the relative weights of financial ratios through the case studies of the four major shipping companies in Korea and Taiwan: Evergreen, Yang Ming, Hanjin and Hyundai Merchant Marine. Chapter 10 systemically applies modern heuristics to solving MCDM problems in the fields of operation optimisation in container terminals. Arguing that bunkering port selection is typically a multi-criteria group decision problem, and in many practical situations, decision makers cannot form proper judgments using incomplete and uncertain information in an environment with exact and crisp values, in Chapter 11, the authors propose a hybrid Fuzzy-Delphi-TOPSIS based methodology with a sensitivity analysis. Finally, Chapter 12deals with a new conceptual port performance indicators (PPIs) interdependency model using a hybrid approach of a fuzzy logic based evidential reasoning (FER) and a decision making trial and evaluation laboratory (DEMATEL).
The use of a multi-criteria, decision-making theory was first studied in the 1970s. Its application in civil and environmental engineering is a new approach which can be enormously helpful for manufacturing companies, students, managers, engineers, etc. The purpose of this book is to provide a resource for students and researchers that includes current application of a multi-criteria, decision-making theory in various fields such as: environment, healthcare and engineering. In addition, practical application are shown for students manually. In real life problems there are many critical parameters (criteria) that can directly or indirectly affect the consequences of different decisions. Application of a multi-criteria, decision-making theory is basically the use of computational methods that incorporate several criteria and order of preference in evaluating and selecting the best option among many alternatives based on the desired outcome.
Multi-criteria decision making (MCDM) has been extensively used in diverse disciplines, with a variety of MCDM techniques used to solve complex problems. A primary challenge faced by research scholars is to decode these techniques using detailed step-by-step analysis with case studies and data sets. The scope of such work would help decision makers to understand the process of using MCDM techniques appropriately to solve complex issues without making mistakes. Multi-Criteria Decision Analysis in Management provides innovative insights into the rationale behind using MCDM techniques to solve decision-making problems and provides comprehensive discussions on these techniques from their inception, development, and growth to their advancements and applications. The content within this publication examines hybrid multicriteria models, value theory, and data envelopment. Ideal for researchers, management professionals, students, operations scholars, and academicians, this scholarly work supports and enhances the decision-making process.
Multi-Criteria Decision-Making (MCDM) includes methods and tools for modeling and solving complex problems. MCDM has become popular in the production and service sectors to improve the quality of service, reduce costs, and make people more prosperous. This book illustrates applications through case studies focused on disaster management. With a presentation of both Multi-Attribute Decision-Making (MADM) and Multi-Objective Decision-Making (MODM) models, this is the first book to merge these methods and tools with disaster management. This book raises awareness for society and decision-makers on how to measure readiness and what necessary preventive measures need to be taken. It offers models and case studies that can be easily adapted to solve complex problems and find solutions in other fields. Multi-Criteria Decision Analysis: Case Studies in Disaster Management will offer new insights to researchers working in the areas of industrial engineering, systems engineering, healthcare systems, operations research, mathematics, business, computer science, and disaster management, and, hopefully, the book will also stimulate further work in MCDM.
The success of any activity and process depends fundamentally on the possibility of balancing (symmetry) needs and their satisfaction. That is, the ability to properly define a set of success indicators. The application of the developed new multi-criteria decision-making (MCDM) methods can be eliminated or decreased by decision-makers’ subjectivity, which leads to consistency or symmetry in the weight values of the criteria. In this Special Issue, 40 research papers and one review study co-authored by 137 researchers from 23 different countries explore aspects of multi-criteria modeling and optimization in crisp or uncertain environments. The papers propose new approaches and elaborate case studies in the following areas of application: MCDM optimization in sustainable engineering, environmental sustainability in engineering processes, sustainable multi-criteria production and logistics processes planning, integrated approaches for modeling processes in engineering, new trends in the multi-criteria evaluation of sustainable processes, and multi-criteria decision-making in strategic management based on sustainable criteria.
Knowledge management has been widely applied to various industries as a good strategy to help improve firms’ performance. As globalisation accelerates and international trade increases more and more, maritime transport operations have become one of the vitalest industries to receive large attention from international managers. This is because the managers have perceived that the maritime transport system is an integrated entity within the global logistics and supply chain, and it should be therefore managed in the most efficient and effective ways possible, as an organic body within a global logistics system. Taking this approach, this book examines how maritime transport operators – such as shipping companies, port terminal operators and freight forwarders – could successfully play a role within the global logistics flow wherein they are embedded by improving their logistic value, i.e. maritime logistics value. As per the objective, the current book suggests a knowledge management based solution. It attempts to systematically investigate what types of knowledge are needed in the maritime logistics industry, how maritime operators could effectively acquire the knowledge, and whether the acquired knowledge would help maritime operators enhance maritime logistics value. This book provides not only comprehensive understandings of knowledge management strategy, but also its practical application to the maritime logistics industry. This would therefore be a useful guidebook for the managers, academics, and undergraduate / postgraduate students in the field of maritime transport and global logistics, to help them to gain comprehensive knowledge of the application of knowledge management strategy to the industry.
Port Management brings together a collection of seminal papers from Palgrave’s journal Maritime Economics and Logistics. It is a dynamic volume, containing contributions from leading authors with different disciplinary backgrounds, representing a vast regional diversity. The volume provides authoritative and timely investigations into key topics in port economics, including research on: global supply chains, port networks, choice modelling, port infrastructure, competition, port pricing, efficiency in European seaports, and an analysis of Chinese container ports. It is essential reading for professionals, scholars, and researchers interested in port economics.
Effective logistics management has played a vital role in delivering products and services, and driving research into finding ever improving theoretical and technological solutions. While often thought of in terms of the business world, logistics and operations management strategies can also be effectively applied within the military, aeronautical, and maritime sectors. The Handbook of Research on Military, Aeronautical, and Maritime Logistics and Operations compiles interdisciplinary research on diverse issues related to logistics from an inclusive range of methodological perspectives. This publication focuses on original contributions in the form of theoretical, experimental research, and case studies on logistics strategies and operations management with an emphasis on military, aeronautical, and maritime environments. Academics and professionals operating in business environments, government institutions, and military research will find this publication beneficial to their research and professional endeavors.
This book examines Multi-Criteria Decision Modelling (MCDM) methodologies and facilitates diverse ways for strategic decision-making in a variety of practical applications. This book also provides a pragmatic foundation for solving real-life problems in different scenarios of emerging global markets. Multi-Criteria Decision Modelling: Applicational Techniques and Case Studies depicts the use of sensitivity analysis and modelling and includes case studies to understand and illustrate challenging concepts. It also offers step-by-step comprehensive methodologies for the utilization of MCDM to a variety of situations. The book deliberates ways for companies to use these methods to their advantage in order to achieve sustainability. Furthermore, it also presents an overview of the major streams of thought and provides a holistic view of the latest research and development trends in modelling and optimization. FEATURES Offers a stepwise comprehensive methodology for the application of MCDM to a variety of situations Presents an overview of the major streams of thought present in the MCDM technique Provides a holistic view of the latest research and development trends in the emerging markets in terms of modelling and optimization using MCDM for different industrial sectors Illuminates a practical foundation in order to provide a guide to address the problems of emerging markets Enlightens the ways for companies to use these methods to their advantage to be able to achieve sustainability This book is a guide for those performing decision analysis for academic purposes as well as for researchers aspiring to expand their knowledge on MCDM problem solving.
This book constitutes the refereed proceedings of the 8th InternationalConference on Computational Logistics, ICCL 2017, held in Southampton,UK, in October 2017.The 38 papers presented in this volume were carefully reviewed and selected for inclusion in the book. They are organized in topical sections entitled: vehicle routing and scheduling; maritime logistics;synchromodal transportation; and transportation, logistics and supply chain planning.