Abstract
A simple and effective multi-attribute decision-making method, named as BHARAT method, is proposed in Part-1 of this paper and the same method is used now as a multi- and many-objective decision-making method for evaluating the Pareto optimal solutions. The proposed BHARAT method is used to identify the best compromise Pareto solution. Based on their importance for the given optimization problem, the objectives are ranked, and the weights are assigned. The weights of the objectives and the normalized values of the objectives for different Pareto optimal solutions are used to compute the total scores. The total scores are used to differentiate the alternative optimal solutions and an alternative solution that gets the highest total score is suggested as the best compromise solution. Three case studies are presented to illustrate and validate the proposed BHARAT method. The case study 1 is a multi-objective optimization problem related to cloud manufacturing with 3 objectives and 20 alternative solutions; case study 2 is a many-objective optimization problem of electro-discharge machining process with 4 objectives and 50 alternative solutions; case study 3 is a many-objective optimization of milling process parameters with 4 objectives and 100 alternative solutions. The outcomes of the suggested BHARAT method are compared with those of the other popular decision-making approaches for each of the three case studies considered. The suggested simple and more logical BHARAT method can be used in multi- and many-objective optimization problems to select the best compromise solution.
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More From: International Journal of Industrial Engineering Computations
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