Multi-stakeholder based construction projects are subject to potential risk factors due to dynamic business environment and stakeholders' lack of knowledge. When solving project management tasks, it is necessary to quantify the main risk indicators of the projects. Managing these requires suitable risk mitigation strategies to evaluate and analyse their severity. The existence of information asymmetry also causes difficulties with achieving Pareto efficiency. Hence, to ensure balanced satisfaction of all participants, risk evaluation of these projects can be considered as an important part of the multi-criteria decision-making (MCDM) process. In real-life problems, evaluation of project risks is often uncertain and even incomplete, and the prevailing methodologies fail to handle such situations. To address the problem, this paper extends the analytical network process (ANP) methodology in the D numbers domain to handle three types of ambiguous information's, viz. complete, uncertain, and incomplete, and assesses the weight of risk criteria. The D numbers based approach overcomes the deficiencies of the exclusiveness hypothesis and completeness constraint of Dempster-Shafer (D-S) theory. Here, preference ratings of the decision matrix for each decision-maker are determined using a D numbers extended consistent fuzzy preference relation (D-CFPR). An extended multi-attributive border approximation area comparison (MABAC) method in D numbers is then developed to rank and select the best alternative risk response strategy. Finally, an illustrative example from construction sector is presented to check the feasibility of the proposed approach. For checking the reliability of alternative ranking, a comparative analysis is performed with different MCDM approaches in D numbers domain. Based on different criteria weights, a sensitivity analysis of obtained ranking of the hybrid D-ANP-MABAC model is performed to verify the robustness of the proposed method.
In recent era of globalization, the world is perceiving an alarming rise in its energy consumption resulting in shortage of fossil fuels in near future. Developing countries like India, with fast growing population and economy, is planning to explore among its existing renewable energy sources to meet the acute shortage of overall domestic energy supply. For balancing diverse ecological, social, technical and economic features, selection among alternative renewable energy must be addressed in a multi-criteria context considering both subjective and objective criteria weights. In the proposed COPRAS-Z methodology, Z-number model fuzzy numbers with reliability degree to represents imprecise judgment of decision makers’ in evaluating the weights of criteria and selection of renewable energy alternatives. The fuzzy numbers are defuzzified and renewable energy alternatives are prioritized as per COmplex PropoRtional ASsessment (COPRAS) decision making method in terms of significance and utility degree. A sensitivity analysis is done to observe the variation in ranking of the criteria, by altering the coefficient of both subjective and objective weight. Also, the proposed methodology is compared with existing multi-criteria decision making (MCDM) methods for checking validity of the obtained ranking result.
The recent worldwide outbreak of the novel coronavirus (COVID-19) has opened up new challenges to the research community. Artificial intelligence (AI) driven methods can be useful to predict the parameters, risks, and effects of such an epidemic. Such predictions can be helpful to control and prevent the spread of such diseases. The main challenges of applying AI is the small volume of data and the uncertain nature. Here, we propose a shallow long short-term memory (LSTM) based neural network to predict the risk category of a country. We have used a Bayesian optimization framework to optimize and automatically design country-specific networks. The results show that the proposed pipeline outperforms state-of-the-art methods for data of 180 countries and can be a useful tool for such risk categorization. We have also experimented with the trend data and weather data combined for the prediction. The outcome shows that the weather does not have a significant role. The tool can be used to predict long-duration outbreak of such an epidemic such that we can take preventive steps earlier.
This paper presents a novel Multiple Criteria Decision Making methodology for assessing and prioritizing medical tourism destinations under uncertainty. A systematic evaluation and assessment approach is proposed by incorporating analytic hierarchy process and multi‐attributive border approximation area comparison methods in the rough environment. Rough number is used to aggregate individual judgements of decision makers and express their true perception to handle vagueness without any prior information. Rough analytic hierarchy process analyses the relative importance of criteria based on their preferences given by experts, whereas rough multi‐attributive border approximation area comparison evaluates the alternative sites based on the criteria weights. A case study of prioritizing different sites (cities) in India for medical tourism services is shown to demonstrate the applicability of the proposed method. Among different criteria “quality of infrastructure of healthcare institutions” is observed to be the most important criteria in our analysis, followed by “supply of skilled human resources and new job creations” and “Chennai” is found to be the best medical tourism site in India. Finally, a comparative analysis and validity testing of the proposed method are elaborated, and the methodology provides a standard for select medical tourism sites on the basis of different criteria.
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