A REFERENCE FRAMEWORK FOR THE APPLICATION OF MADM FUZZY TECHNIQUES TOSELECTING AMTS

Citation
A. Perego et A. Rangone, A REFERENCE FRAMEWORK FOR THE APPLICATION OF MADM FUZZY TECHNIQUES TOSELECTING AMTS, International Journal of Production Research, 36(2), 1998, pp. 437-458
Citations number
61
Categorie Soggetti
Engineering,"Operatione Research & Management Science
ISSN journal
00207543
Volume
36
Issue
2
Year of publication
1998
Pages
437 - 458
Database
ISI
SICI code
0020-7543(1998)36:2<437:ARFFTA>2.0.ZU;2-A
Abstract
In the last decade, there has been growing interest in the assessment and selection of investments in advanced manufacturing technologies (A MTs). Several authors have pointed out the shortcomings of traditional financial techniques, proposing alternative approaches usually referr ed to as 'non-conventional' approaches. Among them, some authors have recently proposed fuzzy multi-attribute decision making (MADM) techniq ues, which seem to be particularly suitable for dealing with the intan gible effects of AMTs. However, no attempt has so far been made to ana lyse and compare the various MADM techniques included in the fuzzy the ory with respect to their applicability to the assessment and selectio n of AMTs. The objective of this article is to give a reference framew ork for the application of a MADM fuzzy approach to AMT selection. In particular, the paper describes three major categories of fuzzy MADM a pproach and compares their results using a case study.