Introduction to soft-set theoretic solution of project selection problem

Purpose The purpose of this paper is to introduce a model of decision-making problem in multi-criteria optimization domain for project selection. The model is built by combining the soft set theory and analytic hierarchical model under fuzziness. Soft set model gives us the opportunity to use parame...

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Veröffentlicht in:Benchmarking : an international journal 2016-01, Vol.23 (7), p.1643-1657
Hauptverfasser: Bakshi, Tuli, Sinharay, Arindam, Sarkar, Bijan, Sanyal, Subir Kumar
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container_end_page 1657
container_issue 7
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container_title Benchmarking : an international journal
container_volume 23
creator Bakshi, Tuli
Sinharay, Arindam
Sarkar, Bijan
Sanyal, Subir Kumar
description Purpose The purpose of this paper is to introduce a model of decision-making problem in multi-criteria optimization domain for project selection. The model is built by combining the soft set theory and analytic hierarchical model under fuzziness. Soft set model gives us the opportunity to use parameterization properties. Here, the authors have proved that multiple alternatives can be reduced to make the selection process computationally efficient. Here, the authors illustrate the hybrid method by means of an application of the new mathematical model of soft set theory. Design/methodology/approach This paper is designed to excel a decision support system with multiple criteria analysis tool, analytic hierarchy process combined with soft set theory under fuzziness. Findings In this paper, the authors have taken four projects P1, P2, P3 and P4. As per chosen parameters of softest theory the result of the illustrative example reveals that P2 is the best project. The ranking the authors get is in the order of P2, P3, P4 and P1. The algorithm leads the authors to maximize the proper choice in the environment of imprecise information. The main advantage of this method compare to others is that this hybrid method is very simple in terms of calculation and the computational complexity of the proposed algorithm is low. Originality/value This proposed decision support strategy for an intended project manager helped to take decision in the perspective environment.
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subjects Algorithms
Alternatives
Analytic hierarchy process
Data envelopment analysis
Decision analysis
Decision making
Decision support systems
Fuzzy sets
Hierarchies
Linear programming
Mathematical models
Mathematical programming
Multiple criterion
Optimization
Parameterization
Preferences
Project evaluation
Set theory
Support systems
Utility functions
title Introduction to soft-set theoretic solution of project selection problem
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