Multicriteria decision-making based on goal programming and fuzzy analytic hierarchy process: An application to capital budgeting problem

Yu-Cheng Tang, Ching Ter Chang

Research output: Contribution to journalArticle

19 Citations (Scopus)

Abstract

Our objective in this paper is to develop a decision-making model to assist decision-makers and researchers in understanding the effect of multiple criteria decision-making on a capital budgeting investment. This decision-making model helps decision-makers with reducing decision-making time and choosing a suitable decision alternative for a capital budgeting investment within the companies' goals, constraints and strategies. The methods utilized in this paper are goal programming (GP) and fuzzy analytic hierarchy process (FAHP). We demonstrate a case study of the capital budgeting investment by using these two methods in a small car rental company.

Original languageEnglish
Pages (from-to)288-293
Number of pages6
JournalKnowledge-Based Systems
Volume26
DOIs
Publication statusPublished - 2012 Feb 1

Fingerprint

Budget control
Analytic hierarchy process
Decision making
Industry
Railroad cars
Goal programming
Capital budgeting
Fuzzy analytic hierarchy process
Multicriteria decision-making
Decision-making model
Decision maker

All Science Journal Classification (ASJC) codes

  • Software
  • Artificial Intelligence
  • Management Information Systems
  • Information Systems and Management

Cite this

@article{6b0272b20f954a268d25325f606b675f,
title = "Multicriteria decision-making based on goal programming and fuzzy analytic hierarchy process: An application to capital budgeting problem",
abstract = "Our objective in this paper is to develop a decision-making model to assist decision-makers and researchers in understanding the effect of multiple criteria decision-making on a capital budgeting investment. This decision-making model helps decision-makers with reducing decision-making time and choosing a suitable decision alternative for a capital budgeting investment within the companies' goals, constraints and strategies. The methods utilized in this paper are goal programming (GP) and fuzzy analytic hierarchy process (FAHP). We demonstrate a case study of the capital budgeting investment by using these two methods in a small car rental company.",
author = "Yu-Cheng Tang and Chang, {Ching Ter}",
year = "2012",
month = "2",
day = "1",
doi = "10.1016/j.knosys.2011.10.005",
language = "English",
volume = "26",
pages = "288--293",
journal = "Knowledge-Based Systems",
issn = "0950-7051",
publisher = "Elsevier",

}

TY - JOUR

T1 - Multicriteria decision-making based on goal programming and fuzzy analytic hierarchy process

T2 - An application to capital budgeting problem

AU - Tang, Yu-Cheng

AU - Chang, Ching Ter

PY - 2012/2/1

Y1 - 2012/2/1

N2 - Our objective in this paper is to develop a decision-making model to assist decision-makers and researchers in understanding the effect of multiple criteria decision-making on a capital budgeting investment. This decision-making model helps decision-makers with reducing decision-making time and choosing a suitable decision alternative for a capital budgeting investment within the companies' goals, constraints and strategies. The methods utilized in this paper are goal programming (GP) and fuzzy analytic hierarchy process (FAHP). We demonstrate a case study of the capital budgeting investment by using these two methods in a small car rental company.

AB - Our objective in this paper is to develop a decision-making model to assist decision-makers and researchers in understanding the effect of multiple criteria decision-making on a capital budgeting investment. This decision-making model helps decision-makers with reducing decision-making time and choosing a suitable decision alternative for a capital budgeting investment within the companies' goals, constraints and strategies. The methods utilized in this paper are goal programming (GP) and fuzzy analytic hierarchy process (FAHP). We demonstrate a case study of the capital budgeting investment by using these two methods in a small car rental company.

UR - http://www.scopus.com/inward/record.url?scp=84155195010&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=84155195010&partnerID=8YFLogxK

U2 - 10.1016/j.knosys.2011.10.005

DO - 10.1016/j.knosys.2011.10.005

M3 - Article

AN - SCOPUS:84155195010

VL - 26

SP - 288

EP - 293

JO - Knowledge-Based Systems

JF - Knowledge-Based Systems

SN - 0950-7051

ER -