Integration of MACBETH and COPRAS methods to select air compressor for a textile company

Kundakcı, Nilsen; Işık, Ayşegül Tuş

doi:10.5267/j.dsl.2016.2.003

Cited by 39 publications

(24 citation statements)

References 20 publications

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“…Some recent decisionmaking models based on COPRAS were developed in fuzzy environment. While, in the current research we apply initial COPRAS method, criteria weights and alternatives ratings are taken into account as crisp numerical data (Kundakcı, Işık 2016;Mulliner et al 2016, etc. ).…”

Section: Step-wise Weight Assessment Ratio Analysis (Swara) Methodsmentioning

confidence: 99%

Hybrid SWARA-COPRAS method for risk assessment in deep foundation excavation project: an iranian case study

Valipour

Yahaya

Noor

et al. 2017

Journal of Civil Engineering and Management

111

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Existing risks in deep foundation excavation projects is a major issue in developing cities. With the rapid increase in the number of various deep foundation and excavation projects in big cities of Iran, many accidents related to deep excavation have been reported every year. These accidents affected delay and increased cost of project implementation. Therefore identification and assessment of risks of these accidents is essential. The aim of the research was to develop a framework to overcome limitations of previous approaches to assess of risks in excavation projects. According to the complexity of a problem and the inherent uncertainty, the framework adopted SWARA (Step-wise Weight Assessment Ratio Analysis) and COPRAS (COmplex PRoportional ASsessment) methods through introducing new criteria for risk assessment. Data was collected through interview, a literature review and a questionnaire survey distributed to excavation project experts. A case study of deep foundation excavation in Shiraz was presented. The results have shown that the risks involving construction safety, unfavourable geological conditions, shortage of managerial experience, incomplete emergency plan and subsidence of ground are the most significant risks excavation projects in Shiraz. The proposed framework and the obtained results can help stakeholders of excavation projects in developing countries better to manage project risks. Research interests: many miscellaneous management areas (enterprise, construction project and etc.), risk assessment, construction project administration, building life-cycle, construction technology and organisation, decision-making and grey system theory, Decision Making (DM), statistics, optimization, strategies, game theory, intelligent support system, Sustainable Development: developing of alternative construction processes, economic and other aspects, sustainable development challenges for business and management in construction enterprises, environmental impact processes and etc.

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Section: Step-wise Weight Assessment Ratio Analysis (Swara) Methodsmentioning

confidence: 99%

Hybrid SWARA-COPRAS method for risk assessment in deep foundation excavation project: an iranian case study

Valipour

Yahaya

Noor

et al. 2017

Journal of Civil Engineering and Management

111

View full text Add to dashboard Cite

show abstract

“…Several researchers (Zavadskas, Kaklauskas, Peldschus, & Turskis, 2007;Zavadskas, Turskis, & Tamosaitiene 2010;Kundakcı & Işık, 2016;Mulliner, Malys, & Maliene, 2016;Organ & Yalçın, 2016) have attempted to use the COPRAS method for different decision making situations.…”

Section: Copras Methodsmentioning

confidence: 99%

A Swara-Copras Approach to the Allocation of Risk in Water and Sewerage Public–private Partnership Projects in Malaysia

Valipour

Yahaya

Noor

et al. 2019

International Journal of Strategic Property Management

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In a situation of growing water demand, inadequate public funding, poor asset condition and lack of maintenance in developing countries, public-private partnerships (PPPs) play an important role in the development of infrastructure, such as water supply and sewerage services. The purpose of this study is to develop a quantitative approach to appropriate risk allocation, with attention directed to the impact of positive and negative factors in water and sewerage projects. The paper presents a hybrid SWARA-COPRAS approach to examine risk allocation, particularly for PPP water supply and sewerage projects in the context of Malaysia. In addition to PPP infrastructure projects, the approach has the potential to be adapted to other applications. The proposed method enables decision makers to utilise qualitative linguistic terms in the allocation of risk between the public and private sector, and to select the best strategy for risk allocation in a contract. Finally, 24 significant risks were identified: six risks would preferably be allocated to the public sector, while seven risks would be assigned to the private sector, and eleven risks would preferably be shared by both parties. The finding from this study can help the government of Malaysia to determine an attractive political strategy for private investors to support a PPP water and sewerage infrastructure project.

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“…The COPRAS method considers the direct and proportional dependencies of the conflicting criteria (maximizing or minimizing in nature) on the alternatives for generating evaluation results (Zavadskas et al, 2009; Chatterjee and Chakraborty, 2014). There has been a plethora of research contributions using COPRAS as an MCDA aid in solving complex decision-making problems (Vilutiene and Zavadskas, 2003;Kaklauskas et al, 2005;Viteikiene and Zavadskas, 2007;Madićet al, 2014;Kundakcı and Işık, 2016). The steps in evaluating the significance and priority of the alternatives using COPRAS method are as under:…”

Section: E Copras (Complex Proportional Assessment)mentioning

confidence: 99%

Portfolio Selection using DEA-COPRAS at Risk – Return Interface Based on NSE (India)

Gupta¹,

Bandyopadhyay²,

Bhattacharjee³

et al. 2019

IJITEE

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Portfolio formation holds paramount importance in the process of the investment decision making since, a single door investment (SDI) option is much riskier than a multiple door investment (MDI) option. Among available financial instruments, the stock market (SM) has allured investors because of its liquidity and growth opportunities. However, the effectiveness of the investment decision is largely reflected in the selection of the constituent elements of the portfolio by an investor while trading off risk and return. In this paper, after an initial level selection of for formulating a possible portfolio by using Perceptual Map (PM), we have applied DEA to calculate the efficiency of the stocks at the risk-return interface based on the market performance. In order to ascertain that the stock selection is logical and worthwhile, we further probe the fundamental performances over a time period of five consecutive financial years using the method of Multi-Criteria Decision Analysis (MCDA) framework based on the Complex Proportional Assessment (COPRAS) method, where, the criteria weights are calculated by using the entropy method. A consistency is visible in the yearly fundamental performances and a significant pattern with regard to the portfolio selection.

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Integration of MACBETH and COPRAS methods to select air compressor for a textile company

Cited by 39 publications

References 20 publications

Hybrid SWARA-COPRAS method for risk assessment in deep foundation excavation project: an iranian case study

Hybrid SWARA-COPRAS method for risk assessment in deep foundation excavation project: an iranian case study

A Swara-Copras Approach to the Allocation of Risk in Water and Sewerage Public–private Partnership Projects in Malaysia

Portfolio Selection using DEA-COPRAS at Risk – Return Interface Based on NSE (India)

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