2020
DOI: 10.1108/jm2-03-2019-0069
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Data-driven fleet management using MOORA: a perspective of risk management

Abstract: Purpose The purpose of this study is to investigate the best fleet for a new purchase based on multi-objective optimization on the basis of ratio (MOORA), reference point and multi-MOORA methods. This study further identifies critical parameters for fleet performance monitoring and exploring optimum range of critical parameters using Monte Carlo simulation. At the end of this study, fleet maintenance management and operations have b… Show more

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Cited by 11 publications
(3 citation statements)
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References 53 publications
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“…The delay risk gets affected by the operational risks and force majeure risks. (Hartono et al, 2013, Hwang, Zhao andGay, 2013;Dandage et al, 2019;Rane et al, 2020). Political-related risks-This risk is ranked as the topmost risk among others by many researchers.…”
Section: Risk Categories In International Projectsmentioning
confidence: 99%
“…The delay risk gets affected by the operational risks and force majeure risks. (Hartono et al, 2013, Hwang, Zhao andGay, 2013;Dandage et al, 2019;Rane et al, 2020). Political-related risks-This risk is ranked as the topmost risk among others by many researchers.…”
Section: Risk Categories In International Projectsmentioning
confidence: 99%
“…Multi-criteria decision-making methods are often used when more than one characteristic needs to be optimized [7]. There are different multi-criteria decision-making methods, such as Analytical Hierarchy Process (AHP), Technique For Order Preference By Similarity To An Ideal Solution (TOPSIS), Gray Relational Analysis (GRA), Vlse Kriterijumska Optimizacija Kompromisno Resenje (VIKOR), and Multi-Objective Optimization Based on Ratio (MOORA) [8]. In this study, ultrasonic extraction was aimed to obtain an extract rich in phenolic compounds with high antioxidant activity from dill.…”
Section: Introductionmentioning
confidence: 99%
“…Every project consists of various activities in a pre-determined sequence and has a set of pre-defined and measurable end results (Fan et al, 2008). Projects are normally considered as temporary organizations as they have a definite start and end (Dandage et al, 2019;Rane et al, 2020). When the projects are executed in a country and the contractors/owners of the project are from another country/countries, the project is categorized as an international project (Walewski and Gibson, 2003).…”
Section: Introductionmentioning
confidence: 99%