Economics at your fingertips  

A novel weight allocation and decision making method for space launch vehicle design concept selection

Rizwan Ullah, De Qun Zhou, Peng Zhou () and Majid Baseer

International Journal of Industrial and Systems Engineering, 2015, vol. 19, issue 2, 155-168

Abstract: One of the most important issues in multi-attribute decision making is the determination of the criteria weights. Traditionally, criteria weights are allocated as per the expert's judgement or are objectively determined using mathematical models. While the weights allocated as per the expert's judgement are criticised for its subjectivity, the objective weights lack the ability to include the decision maker's preferences. To overcome these difficulties, a new integrated weight allocation approach has been proposed which has the ability to accept both subjective and objective information. A novel way of eliciting decision maker's subjective information has been presented. Moreover, a new multiple attribute decision making method is proposed in which the performance index of alternatives is used as a basis for ranking and decision making. The usefulness of the proposed weight allocation and decision making approach has been demonstrated with its successful application to the practical problem of space launch vehicle design concept selection.

Keywords: space launch vehicles; SLVs; design concept selection; multiattribute decision making; MADM; criteria weight allocation; subjective weights; objective weights; integrated weight allocation; preference ordering; performance indexes; expert judgement; design concepts; subjective information; objective information; alternatives; ranking. (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link) (text/html)
Access to full text is restricted to subscribers.

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:

Access Statistics for this article

More articles in International Journal of Industrial and Systems Engineering from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Carmel O'Grady (). This e-mail address is bad, please contact .

Page updated 2020-01-03
Handle: RePEc:ids:ijisen:v:19:y:2015:i:2:p:155-168