2016
DOI: 10.4102/jtscm.v10i1.230
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Fuzzy VIKOR approach for selection of big data analyst in procurement management

Abstract: Background: Big data and predictive analysis have been hailed as the fourth paradigm of science. Big data and analytics are critical to the future of business sustainability. The demand for data scientists is increasing with the dynamic nature of businesses, thus making it indispensable to manage big data, derive meaningful results and interpret management decisions.Objectives: The purpose of this study was to provide a brief conceptual review of big data and analytics and further illustrate the use of a multi… Show more

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Cited by 16 publications
(7 citation statements)
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“…VIKOR is known for its computational simplicity and solution accuracy [7,19]. The focus of this method is to select and rank a set of alternatives based on the compromised solutions for a problem with conflicting criteria to assist a decision-maker in taking an optimized decision in their final course of action.…”
Section: Vikor Methodsmentioning
confidence: 99%
“…VIKOR is known for its computational simplicity and solution accuracy [7,19]. The focus of this method is to select and rank a set of alternatives based on the compromised solutions for a problem with conflicting criteria to assist a decision-maker in taking an optimized decision in their final course of action.…”
Section: Vikor Methodsmentioning
confidence: 99%
“…VIKOR provides a compromise solution [ 48 ] and, in the literature, the VIKOR algorithm is highly preferred not only in operations research and decision-making problems [ 49 , 50 ] but also in big data, information technology, and knowledge management fields. There are many different VIKOR applications and solutions regarding big data, such as selection criteria of the big data analysts [ 51 ], big data management in healthcare [ 52 ], big data solutions for dairy supply chains [ 53 ], augmented reality [ 53 ], mining big data [ 54 ], and so on.…”
Section: Smart Data Placementmentioning
confidence: 99%
“…Further, the separation measures which comprises of the maximum group utility values ( ) and the minimum individual regret values of the opponent design alternatives ( ) can also be obtained from equations 17 and 18 respectively [46,47]. The performance index VIKOR ( ) is also obtained in terms of fuzzy number from the minimum and maximum values of the group utility and individual regret of the opponent design alternative as presented in equation 19 [48][49][50].…”
Section: Fuzzy Vikormentioning
confidence: 99%