IDEAS home Printed from https://ideas.repec.org/a/eee/reensy/v137y2015icp29-39.html
   My bibliography  Save this article

Reliability-based decision making for selection of ready-mix concrete supply using stochastic superiority and inferiority ranking method

Author

Listed:
  • Chou, Jui-Sheng
  • Ongkowijoyo, Citra Satria

Abstract

Corporate competitiveness is heavily influenced by the information acquired, processed, utilized and transferred by professional staff involved in the supply chain. This paper develops a decision aid for selecting on-site ready-mix concrete (RMC) unloading type in decision making situations involving multiple stakeholders and evaluation criteria. The uncertainty of criteria weights set by expert judgment can be transformed in random ways based on the probabilistic virtual-scale method within a prioritization matrix. The ranking is performed by grey relational grade systems considering stochastic criteria weight based on individual preference. Application of the decision aiding model in actual RMC case confirms that the method provides a robust and effective tool for facilitating decision making under uncertainty.

Suggested Citation

  • Chou, Jui-Sheng & Ongkowijoyo, Citra Satria, 2015. "Reliability-based decision making for selection of ready-mix concrete supply using stochastic superiority and inferiority ranking method," Reliability Engineering and System Safety, Elsevier, vol. 137(C), pages 29-39.
    • Handle: RePEc:eee:reensy:v:137:y:2015:i:c:p:29-39
    DOI: 10.1016/j.ress.2014.12.004
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0951832014003111
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.ress.2014.12.004?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Johansson, Jonas & Hassel, Henrik & Zio, Enrico, 2013. "Reliability and vulnerability analyses of critical infrastructures: Comparing two approaches in the context of power systems," Reliability Engineering and System Safety, Elsevier, vol. 120(C), pages 27-38.
    2. Xu, Xiaozhan, 2001. "The SIR method: A superiority and inferiority ranking method for multiple criteria decision making," European Journal of Operational Research, Elsevier, vol. 131(3), pages 587-602, June.
    3. Yan, Shangyao & Lai, Weishen & Chen, Maonan, 2008. "Production scheduling and truck dispatching of ready mixed concrete," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 44(1), pages 164-179, January.
    4. Hauser, David & Tadikamalla, Pandu, 1996. "The Analytic Hierarchy Process in an uncertain environment: A simulation approach," European Journal of Operational Research, Elsevier, vol. 91(1), pages 27-37, May.
    5. Morais, Danielle C. & de Almeida, Adiel Teixeira, 2012. "Group decision making on water resources based on analysis of individual rankings," Omega, Elsevier, vol. 40(1), pages 42-52, January.
    6. Fan, Zhi-Ping & Liu, Yang & Feng, Bo, 2010. "A method for stochastic multiple criteria decision making based on pairwise comparisons of alternatives with random evaluations," European Journal of Operational Research, Elsevier, vol. 207(2), pages 906-915, December.
    7. Rosenbloom, E. S., 1997. "A probabilistic interpretation of the final rankings in AHP," European Journal of Operational Research, Elsevier, vol. 96(2), pages 371-378, January.
    8. Barker, Kash & Haimes, Yacov Y., 2009. "Assessing uncertainty in extreme events: Applications to risk-based decision making in interdependent infrastructure sectors," Reliability Engineering and System Safety, Elsevier, vol. 94(4), pages 819-829.
    9. Naso, David & Surico, Michele & Turchiano, Biagio & Kaymak, Uzay, 2007. "Genetic algorithms for supply-chain scheduling: A case study in the distribution of ready-mixed concrete," European Journal of Operational Research, Elsevier, vol. 177(3), pages 2069-2099, March.
    10. Bertrand Mareschal & Jean Pierre Brans & Philippe Vincke, 1986. "How to select and how to rank projects: the Prométhée method," ULB Institutional Repository 2013/9307, ULB -- Universite Libre de Bruxelles.
    11. Salling, Kim Bang & Leleur, Steen, 2011. "Transport appraisal and Monte Carlo simulation by use of the CBA-DK model," Transport Policy, Elsevier, vol. 18(1), pages 236-245, January.
    12. Brans, J. P. & Vincke, Ph. & Mareschal, B., 1986. "How to select and how to rank projects: The method," European Journal of Operational Research, Elsevier, vol. 24(2), pages 228-238, February.
    13. Di Giacomo, Laura & Patrizi, Giacomo, 2010. "Methodological analysis of supply chains management applications," European Journal of Operational Research, Elsevier, vol. 207(1), pages 249-257, November.
    14. Aven, T. & Flage, R., 2009. "Use of decision criteria based on expected values to support decision-making in a production assurance and safety setting," Reliability Engineering and System Safety, Elsevier, vol. 94(9), pages 1491-1498.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Marcella Maia Urtiga & Danielle Costa Morais & Keith W. Hipel & D. Marc Kilgour, 2017. "Group Decision Methodology to Support Watershed Committees in Choosing Among Combinations of Alternatives," Group Decision and Negotiation, Springer, vol. 26(4), pages 729-752, July.
    2. Thomas L. Saaty & Daji Ergu, 2015. "When is a Decision-Making Method Trustworthy? Criteria for Evaluating Multi-Criteria Decision-Making Methods," International Journal of Information Technology & Decision Making (IJITDM), World Scientific Publishing Co. Pte. Ltd., vol. 14(06), pages 1171-1187, November.
    3. Daniel R. Georgiadis & Thomas A. Mazzuchi & Shahram Sarkani, 2013. "Using multi criteria decision making in analysis of alternatives for selection of enabling technology," Systems Engineering, John Wiley & Sons, vol. 16(3), pages 287-303, September.
    4. Misbah Anjum & Vernika Agarwal & P. K. Kapur & Sunil Kumar Khatri, 2020. "Two-phase methodology for prioritization and utility assessment of software vulnerabilities," International Journal of System Assurance Engineering and Management, Springer;The Society for Reliability, Engineering Quality and Operations Management (SREQOM),India, and Division of Operation and Maintenance, Lulea University of Technology, Sweden, vol. 11(2), pages 289-300, July.
    5. Rezaei, Jafar, 2015. "Best-worst multi-criteria decision-making method," Omega, Elsevier, vol. 53(C), pages 49-57.
    6. Behzadian, Majid & Kazemzadeh, R.B. & Albadvi, A. & Aghdasi, M., 2010. "PROMETHEE: A comprehensive literature review on methodologies and applications," European Journal of Operational Research, Elsevier, vol. 200(1), pages 198-215, January.
    7. Babak Zolghadr-Asli & Omid Bozorg-Haddad & Maedeh Enayati & Xuefeng Chu, 2021. "A review of 20-year applications of multi-attribute decision-making in environmental and water resources planning and management," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 23(10), pages 14379-14404, October.
    8. Partha Protim Das & Shankar Chakraborty, 2020. "Parametric analysis of a green electrical discharge machining process using DEMATEL and SIR methods," OPSEARCH, Springer;Operational Research Society of India, vol. 57(2), pages 513-540, June.
    9. Yi Peng, 2015. "Regional earthquake vulnerability assessment using a combination of MCDM methods," Annals of Operations Research, Springer, vol. 234(1), pages 95-110, November.
    10. Denys Yemshanov & Frank H. Koch & Yakov Ben‐Haim & Marla Downing & Frank Sapio & Marty Siltanen, 2013. "A New Multicriteria Risk Mapping Approach Based on a Multiattribute Frontier Concept," Risk Analysis, John Wiley & Sons, vol. 33(9), pages 1694-1709, September.
    11. Guh, Yuh-Yuan, 1997. "Introduction to a new weighting method -- Hierarchy consistency analysis," European Journal of Operational Research, Elsevier, vol. 102(1), pages 215-226, October.
    12. Hajkowicz, Stefan, 2006. "Taking a closer look at multiple criteria analysis and economic evaluation," 2006 Conference (50th), February 8-10, 2006, Sydney, Australia 139785, Australian Agricultural and Resource Economics Society.
    13. Meløn, Mønica García & Aragonés Beltran, Pablo & Carmen González Cruz, M., 2008. "An AHP-based evaluation procedure for Innovative Educational Projects: A face-to-face vs. computer-mediated case study," Omega, Elsevier, vol. 36(5), pages 754-765, October.
    14. Kokaraki, Nikoleta & Hopfe, Christina J. & Robinson, Elaine & Nikolaidou, Elli, 2019. "Testing the reliability of deterministic multi-criteria decision-making methods using building performance simulation," Renewable and Sustainable Energy Reviews, Elsevier, vol. 112(C), pages 991-1007.
    15. Greco, Salvatore & Ishizaka, Alessio & Tasiou, Menelaos & Torrisi, Gianpiero, 2018. "σ-µ efficiency analysis: A new methodology for evaluating units through composite indices," MPRA Paper 83569, University Library of Munich, Germany.
    16. Juliana Martins Ruzante & Valerie J. Davidson & Julie Caswell & Aamir Fazil & John A. L. Cranfield & Spencer J. Henson & Sven M. Anders & Claudia Schmidt & Jeffrey M. Farber, 2010. "A Multifactorial Risk Prioritization Framework for Foodborne Pathogens," Risk Analysis, John Wiley & Sons, vol. 30(5), pages 724-742, May.
    17. Mulliner, Emma & Smallbone, Kieran & Maliene, Vida, 2013. "An assessment of sustainable housing affordability using a multiple criteria decision making method," Omega, Elsevier, vol. 41(2), pages 270-279.
    18. Roberto Cervelló Royo & Fernando García García & Francisco Guijarro-Martínez & Ismael Moya-Clemente, 2011. "Housing Ranking: a model of equilibrium between buyers and sellers expectations," ERSA conference papers ersa11p314, European Regional Science Association.
    19. Al-Alawi, Baha M. & Coker, Alexander D., 2018. "Multi-criteria decision support system with negotiation process for vehicle technology selection," Energy, Elsevier, vol. 157(C), pages 278-296.
    20. Tommaso Agasisti & Giuseppe Munda, 2017. "Efficiency of investment in compulsory education: An Overview of Methodological Approaches," JRC Research Reports JRC106681, Joint Research Centre.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:reensy:v:137:y:2015:i:c:p:29-39. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: https://www.journals.elsevier.com/reliability-engineering-and-system-safety .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.