The Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) is a well-known Multi-Attribute Decision Making (MADM) method that is used to identify the most attractive alternative solution among a finite set of alternatives based on the simultaneous minimization of the distance...

Analysis of strengths, weaknesses, opportunities and threats (SWOT) is a method to formulate the strategy. Although the SWOT analysis successfully provides the key factors of the problem, it has some drawbacks in selecting appropriate strategy for the evaluation and final decision steps. During...

Many real-world decision problems involve conflicting systems of criteria, uncertainty and imprecise information. Some also involve a group of decision makers (DMs) where a reduction of different individual preferences on a given set to a single collective preference is required. Multi-criteria...

Linear programming (LP) is the most widely used optimization technique for solving real-life problems because of its simplicity and efficiency. Although LP models require well-suited information and precise data, managers and decision makers dealing with optimization problems often have a lack...

Data Envelopment Analysis (DEA) is a widely used mathematical programming technique for comparing the inputs and outputs of a set of homogenous Decision Making Units (DMUs) by evaluating their relative efficiency. The conventional DEA methods assume deterministic and precise values for the input...

Linear programming (LP) is the most widely used optimization technique for solving real-life problems because of its simplicity and efficiency. Although conventional LP models require precise data, managers and decision makers dealing with real-world optimization problems often do not have...

In a recent paper, Jiménez et al. [M. Jiménez, M. Arenas, A. Bilbao, M.V. Rodríguez. Linear programming with fuzzy parameters: An interactive method resolution. European Journal of Operational Research 177(2007) 1599-1609] propose a “general” and “interactive” method for solving...

Linear programming (LP) is an optimization technique most widely used for optimal allocation of limited resources amongst competing activities. Precise data are fundamentally indispensable in standard LP problems. However, the observed values of the data in real-world problems are often...