Decision analysis: practice and promise
Management Science
Fuzzy Mathematical Models in Engineering and Management Science
Fuzzy Mathematical Models in Engineering and Management Science
Genetic Algorithms for Multiobjective Optimization: FormulationDiscussion and Generalization
Proceedings of the 5th International Conference on Genetic Algorithms
Analytic network process in risk assessment and decision analysis
Computers and Operations Research
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This paper addresses the problem of the optimal design of batch plants with imprecise demands in product amounts. The design of such plants necessarily involves the way that equipment may be utilized, which means that plant scheduling and production must form an integral part of the design problem. This work relies on a previous study, which proposed an alternative treatment of the imprecision (demands) by introducing fuzzy concepts, embedded in a multi-objective Genetic Algorithm (GA) that takes into account simultaneously maximization of the net present value (NPV) and two other performance criteria, i.e. the production delay/advance and a flexibility criterion. The results showed that an additional interpretation step might be necessary to help the managers choosing among the non-dominated solutions provided by the GA. The analytic hierarchy process (AHP) is a strategy commonly used in Operations Research for the solution of this kind of multicriteria decision problems, allowing the apprehension of manager subjective judgments. The major aim of this study is thus to propose a software integrating the AHP theory for the analysis of the GA Pareto-optimal solutions, as an alternative decision-support tool for the batch plant design problem solution.