Multicriteria decision-making based on goal programming and fuzzy analytic hierarchy process: An application to capital budgeting problem

Yu Cheng Tang; Ching Ter Chang

doi:10.1016/j.knosys.2011.10.005

Multicriteria decision-making based on goal programming and fuzzy analytic hierarchy process: An application to capital budgeting problem

Yu Cheng Tang^*, Ching Ter Chang

^*Corresponding author for this work

Graduate Institute of Mangement

National Changhua University of Education

Research output: Contribution to journal › Journal Article › peer-review

23 Scopus citations

Abstract

Our objective in this paper is to develop a decision-making model to assist decision-makers and researchers in understanding the effect of multiple criteria decision-making on a capital budgeting investment. This decision-making model helps decision-makers with reducing decision-making time and choosing a suitable decision alternative for a capital budgeting investment within the companies' goals, constraints and strategies. The methods utilized in this paper are goal programming (GP) and fuzzy analytic hierarchy process (FAHP). We demonstrate a case study of the capital budgeting investment by using these two methods in a small car rental company.

Original language	English
Pages (from-to)	288-293
Number of pages	6
Journal	Knowledge-Based Systems
Volume	26
DOIs	https://doi.org/10.1016/j.knosys.2011.10.005
State	Published - 02 2012

Keywords

Capital budgeting
Decision-making
Fuzzy analytic hierarchy process
Goal programming
Sensitivity analysis

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10.1016/j.knosys.2011.10.005

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abstract = "Our objective in this paper is to develop a decision-making model to assist decision-makers and researchers in understanding the effect of multiple criteria decision-making on a capital budgeting investment. This decision-making model helps decision-makers with reducing decision-making time and choosing a suitable decision alternative for a capital budgeting investment within the companies' goals, constraints and strategies. The methods utilized in this paper are goal programming (GP) and fuzzy analytic hierarchy process (FAHP). We demonstrate a case study of the capital budgeting investment by using these two methods in a small car rental company.",

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T2 - An application to capital budgeting problem

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AU - Chang, Ching Ter

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N2 - Our objective in this paper is to develop a decision-making model to assist decision-makers and researchers in understanding the effect of multiple criteria decision-making on a capital budgeting investment. This decision-making model helps decision-makers with reducing decision-making time and choosing a suitable decision alternative for a capital budgeting investment within the companies' goals, constraints and strategies. The methods utilized in this paper are goal programming (GP) and fuzzy analytic hierarchy process (FAHP). We demonstrate a case study of the capital budgeting investment by using these two methods in a small car rental company.

AB - Our objective in this paper is to develop a decision-making model to assist decision-makers and researchers in understanding the effect of multiple criteria decision-making on a capital budgeting investment. This decision-making model helps decision-makers with reducing decision-making time and choosing a suitable decision alternative for a capital budgeting investment within the companies' goals, constraints and strategies. The methods utilized in this paper are goal programming (GP) and fuzzy analytic hierarchy process (FAHP). We demonstrate a case study of the capital budgeting investment by using these two methods in a small car rental company.

KW - Capital budgeting

KW - Decision-making

KW - Fuzzy analytic hierarchy process

KW - Goal programming

KW - Sensitivity analysis

UR - https://www.scopus.com/pages/publications/84155195010

U2 - 10.1016/j.knosys.2011.10.005

DO - 10.1016/j.knosys.2011.10.005

M3 - 文章

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SN - 0950-7051

VL - 26

SP - 288

EP - 293

JO - Knowledge-Based Systems

JF - Knowledge-Based Systems

ER -

Multicriteria decision-making based on goal programming and fuzzy analytic hierarchy process: An application to capital budgeting problem

Abstract

Keywords

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