An Innovative Multi-Criteria Decision-Making (MCDM) Framework for Picking the Right Used Chemical Tankers: A Classified Model-Based Discussion

Abstract

Because chemical tanker boats are so expensive to build and maintain, shipping firms may not be able to supply their clients with fair transportation pricing. As a result, shipping businesses may find various benefits and chances by purchasing second-hand chemical tanker vessels. But picking a chemical tanker is a hard task that requires overcoming numerous misunderstandings and weighing several conflicting factors. A novel MCDM technique has been proposed in this study for this aim. EDAS approach is used in the proposed model, to handle uncertainty. In order to demonstrate efficacy, relevance, and robustness, the model was used to address decision-making issues involving the selection of suitable second-hand chemical tankers from a pool of 10 (alternatives). The chemical tanker boats were evaluated using 14 distinct choice criteria in the present article. The findings show that the most important factor is CTC6′′ Maintenance cost, and the best and most preferred chemical tanker is CTA6