Safety assessment of excavation system via TOPSIS-based MCDM modelling in fuzzy environment

Lin, Song-Shun; Zhou, Annan; Shen, Shui-Long

doi:10.1016/j.asoc.2023.110206

Cited by 24 publications

(4 citation statements)

References 60 publications

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“…Gul et al used a hybrid approach based on a Bayesian Best-Worst method (BWM) and Fuzzy VIKOR in an oil station [21]. Lin et al also performed a safety evaluation of the drilling system through MCDM modeling based on TOPSIS in the fuzzy environment [22].…”

Section: Literature Review (Hendershot Theory and Prioritization With...mentioning

confidence: 99%

“…Therefore, Fuzzy, TOPSIS, and FBWM methods were used to reduce uncertainty and choose the best ideal solution with the least complexity due to their strengths which are described below. Fuzzy theory is a suitable tool for ambiguous and uncertain conditions that can convert qualitative expressions into numerical probabilities [22]. Multi-criteria decision-making (MCDM) methods were developed in various studies and have solved complex problems in management sciences [16].…”

Section: Literature Review (Hendershot Theory and Prioritization With...mentioning

confidence: 99%

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Prioritization of control measures in leakage scenario using Hendershot theory and FBWM-TOPSIS

Laal,

Khoshakhlagh,

Moradi Hanifi

et al. 2024

PLoS ONE

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Currently, there is increasing concern about the safety and leakage of process industries. Therefore, the present study aims to prioritize control measures before and after the leakage scenario by using the Hendershot theory and MCDM techniques. In this study, two proactive and reactive layers were selected before and after leakage of tanks, respectively. Then, criteria and alternatives were selected to perform fuzzy TOPSIS (FTOPSIS) and find the best alternative based on the literature review and Hendershot approach. The linear model of the fuzzy Best-Worst method (FBWM) was constructed and resolved using Lingo 17 software. Subsequently, criteria were assigned weights based on thorough calculations of the inconsistency rate. The weight of study experts was equal to 0.25. The results of FBWM showed that the reliability index with a weight of 0.3727 was ranked first and the inconsistency rate (ξ˜*/ξ) was calculated to be equal to 0.040. Inherent Safety Design (ISD) (0.899) and passive safety (0.767) also ranked first before and after tank leaks, respectively. Using the FBWM method leads to fewer pairwise comparisons and at the same time more stability. Although ISD and passive strategies are more valid and strict, elements of all strategies are necessary for a comprehensive process safety management program.

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Section: Literature Review (Hendershot Theory and Prioritization With...mentioning

confidence: 99%

Section: Literature Review (Hendershot Theory and Prioritization With...mentioning

confidence: 99%

Prioritization of control measures in leakage scenario using Hendershot theory and FBWM-TOPSIS

Laal,

Khoshakhlagh,

Moradi Hanifi

et al. 2024

PLoS ONE

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“…Firstly, TOPSIS is an important model for indicator evaluation analysis [27,28]. Lin [29] established a risk factor system containing 13 impact mining systems and used TOPSIS to evaluate and rank the risk levels of different mining systems. Bilbao-Terol [30] constructed four sustainability indicators and evaluated the sustainability of government bond funds using entropy-weighted TOPSIS.…”

Section: Topsismentioning

confidence: 99%

An Improved TOPSIS Model Based on Cumulative Prospect Theory: Application to ESG Performance Evaluation of State-Owned Mining Enterprises

Sun

2023

Sustainability

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The aim of this study is to provide a comprehensive decision-making method that can be applied to investment decisions based on the Environmental, Social and Governance (ESG) performance. The study contributes to the existing literature by introducing the CPT-TOPSIS model, a pioneering approach that incorporates the effect of non-rational factors on decision-making results in uncertain conditions by combining cumulative prospect theory (CPT) with the classic TOPSIS model. Moreover, by conducting an application to ESG evaluation on five state-owned mining enterprises in China, the study provides evidence of the effectiveness and improvement offered by the new model in comparison with the classic TOPSISI model and prospect theory TOPSIS (PT-TOPSIS) model. The results suggest that the CPT-TOPSIS model considers risk preferences and probability distortion in the decision-making process, narrows the gap between ESG scores, and makes ESG performance evaluation more realistic.

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“…In real-life situations, uncertainty is unavoidable, and it is difficult for crisp set theory to handle vagueness and uncertainty. The problem of ambiguous and imprecise information present in real-world decision-making problems can be resolved by using fuzzy TOPSIS [7][8][9]. Neutrosophic TOPSIS is a valuable tool for decision-makers to manage uncertainties and imprecisions inherent in neutrosophic information effectively.…”

Section: Introductionmentioning

confidence: 99%

A CRITIC-TOPSIS MCDM Technique under the Neutrosophic Environment with Application on Aircraft Selection

Kaur,

Dhara,

Majumder

et al. 2023

Contemp. Math.

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This paper develops a CRITIC-TOPSIS ''multi-criteria decision-making'' method under a neutrosophic environment. The neutrosophic set is a generalized version of the fuzzy and ''intuitionistic fuzzy set''. The purpose of this paper is the extension of the CRITIC-TOPSIS method using neutrosophic sets to create a more accurate and efficient decision support system for selecting a very light business jet (Bizjet). It provides the ranking to the selected number of Bizjets based on some pre-defined criteria under the neutrosophic CRITIC-TOPSIS method. The results of this study are obtained from the extended version of the previous study on decision-making for the selection of Bizjets. This study obtains results under the neutrosophic environment with a more realistic scenario.

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Safety assessment of excavation system via TOPSIS-based MCDM modelling in fuzzy environment

Cited by 24 publications

References 60 publications

Prioritization of control measures in leakage scenario using Hendershot theory and FBWM-TOPSIS

Prioritization of control measures in leakage scenario using Hendershot theory and FBWM-TOPSIS

An Improved TOPSIS Model Based on Cumulative Prospect Theory: Application to ESG Performance Evaluation of State-Owned Mining Enterprises

A CRITIC-TOPSIS MCDM Technique under the Neutrosophic Environment with Application on Aircraft Selection

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