The Role of Decision Optimization in Urban Transport Management

Mihai Cadinoiu and Florian Iancu
Additional contact information
Mihai Cadinoiu: Dunarea de Jos University of Galati, Romania
Florian Iancu: Dunarea de Jos University of Galati, Romania

Economics and Applied Informatics, 2023, issue 2, 54-60

Abstract: Multi-criteria decisions play a defining role in the management processes of any organization. In transport, conflicting criteria are frequently encountered in the evaluation of decision options, such as cost and quality. Techniques to optimize multi-criteria decisions can be applied in various situations, e.g., fleet vehicle procurement. Managers usually evaluate implicit criteria, but decision-making processes with major implications require an explicit and structured evaluation of several criteria. The application of multi-criteria decision optimization techniques leads to informed, optimized decisions and thus to risk reduction and resource savings. In practice, multi-criteria decision optimization techniques are mathematically modelled to achieve better accuracy. The analysis of multi-criteria decision optimization techniques involves objectives, preferences, evaluation criteria, decision alternatives, uncontrollable variables, and consequences. In this study, a decision optimization application made in Microsoft Excel and an application designed in Python that can assist managers of urban transport companies in the decision of choosing the most suitable vehicles for their fleet are presented.

Keywords: decision optimization; multicriteria decisions; Electre Method; urban transport (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://eia.feaa.ugal.ro/images/eia/2023_2/CadinoiuIancu.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ddj:fseeai:y:2023:i:2:p:54-60

DOI: 10.35219/eai15840409337

Access Statistics for this article

More articles in Economics and Applied Informatics from "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration Contact information at EDIRC.
Bibliographic data for series maintained by Gianina Mihai ().