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

Authors:
Yu-Cheng Tang;Ching-Ter Chang
Affiliations:
Accounting Department, National Changhua University of Education, Taiwan;Department of Information Management, Chang Gung University, Taiwan
Venue:
Knowledge-Based Systems
Year:
2012

Citing 8
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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.