A decision support system for fuzzy multi-objective multi-period sustainable project selection

Authors:
Kaveh Khalili-Damghani;Soheil Sadi-Nezhad
Affiliations:
Department of Industrial Engineering, Tehran South Branch, Islamic Azad University, Tehran, Iran;Department of Industrial Engineering, Science and Research Branch, Islamic Azad University, Tehran, Iran
Venue:
Computers and Industrial Engineering
Year:
2013

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Abstract

In this paper, a Decision Support System (DSS) is developed to solve sustainable Multi-Objective Project Selection problem with Multi-Period Planning Horizon (MOPS-MPPH). First, a TOPSIS based fuzzy goal programming (FGP) is proposed which considered uncertain DM preferences on priority of achievement level of fuzzy goals. The FGP essentially considers economic factors like cost, profit, and budget. The output of FGP and other affecting factors (i.e. social and environmental effects, risk of investment, strategic alliance, and organizational readiness) are treated as inputs of a fuzzy rule based system to estimate fitness value of an investment. Properties of the proposed DSS are discussed. It also is compared with an existing procedure on historical data of a financial and credit institute.