Abstract

In this study, we utilize analytic network process (ANP), a more general form of AHP, for justifying stand-alone machine tools out of available alternatives in market due to the fact that AHP cannot accommodate the variety of interactions, dependencies and feedback between higher and lower level elements. However, due to the vagueness and uncertainty on judgments of a decision-maker, the crisp pair wise comparison in the conventional ANP seems to be insufficient and imprecise to capture the right judgments of the decision-maker. That is why, also in this paper, fuzzy number logic is introduced in the pair wise comparison of ANP to make up for this deficiency in the ANP. In short, here, an intelligent approach to machine tool selection (MTS) problem through fuzzy ANP is proposed to improve the imprecise ranking of company's requirements which is based on the conventional ANP. In order to reach to final solution, a preference ratio (PR) analysis is done by using the results of the fuzzy ANP, and investment costs of alternatives. In addition, a numerical example is presented to illustrate the proposed approach.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.