Enhancing industrial decision-making through Multi-Criteria Decision-Making approaches and ML-Integrated Frameworks

Hala Mellouli, Anwar Meddaoui and Abdelhamid Zaki

Data and Metadata, 2024, vol. 3, 391

Abstract: Decision-making in current industrial contexts has shifted from intuition to a data-driven approach, requiring prompt processing of huge datasets. However, conventional Multi-Criteria Decision Making (MCDM) methodologies fall short of navigating the intricacy of large datasets. This paper introduces an innovative decision-support system integrating multi-criteria methods with machine learning techniques such as artificial neural networks. The proposed six-step framework aims to optimize operational decisions by analyzing real-time performance data. The research contributes to the advancement of decision-making methodologies in the industrial field, offering dynamic responsiveness and improved recommendations compared to traditional MCDM methods. While results are promising, future work should focus on robustness testing particularly in terms of its dependence on real-time data, to ensure sustained efficacy and mitigate potential biases in recommendations over time.

Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:dbk:datame:v:3:y:2024:i::p:391:id:1056294dm2024391

DOI: 10.56294/dm2024391

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