WSEAS Transactions on Information Science and Applications
Print ISSN: 1790-0832, E-ISSN: 2224-3402
Volume 9, 2012
A Fuzzy MCDM Model to Evaluate Investment Risk of Location Selection for Container Terminals
Authors: ,
Abstract: The main purpose of this paper is to develop a fuzzy multiple criteria decision-making (MCDM) model to evaluate the investment risk of location selection for container terminals. Firstly, some concepts and methods used to develop a fuzzy MCDM algorithm are briefly introduced. Secondly, a step-by-step fuzzy MCDM algorithm based on the concept of integral value is proposed. Finally, a numerical example with a hierarchy structure of four criteria, twenty-two sub-criteria, and three alternatives is illustrated by using the proposed fuzzy MCDM approach. Furthermore, the proposed model can facilitate its implementation as a computer-based decision support system in a fuzzy environment.