MCDM Based Project Selection by F-AHP & VIKOR
The multiple criteria decision-making method (MCDM) VIKOR is based as the aggregating function representing “closeness to the ideal”, which originate in the compromise programming method. Linear normalization is used in VIKOR to eliminate the units of criterion functions. The VIKOR method preceded by Fuzzy AHP which usually calculates the weights of criteria in continuity, determines a compromise solution, presenting the maximum “group utility” for the “majority” and a minimum of an individual regret for the “opponent”. In this paper the authors have shown single objective optimization model first, then balance it with multiple objectives in management process. As for case study, construction project management has been considered. It involves objectives as duration, cost, quality, resource leveling etc. On the basis of that, the paper has proposed an integrated fuzzy multi-objective optimization model of duration, cost, quality and resource leveling.
KeywordsMCDM VIKOR Compromise Solution Fuzzy AHP
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