Introducing reliability measures into multi-criteria decision-making

Egidijus Rytas Vaidogas and Edmundas Kazimieras Zavadskas

International Journal of Management and Decision Making, 2007, vol. 8, issue 5/6, 475-496

Abstract: This paper addresses comparing Alternative Designs (ADs) of an engineering project by taking into account fail-safe behaviour of these designs. The methodology of Multi-Criteria Decision-Making (MCDM) is suggested for the selection of the optimal design among available ones. The prime objective of this paper is introducing reliability and availability into the mathematical framework of MCDM. The discussion also covers applying basic elements of Reliability-Based Optimisation (RBO) and utility theory in solving problems of MCDM. The main message is that the mathematical framework of MCDM is sufficiently flexible to adopt probabilistic attributes (characteristics) of ADs. The paper considers intersections of MCDM with methods of reliability theory. Examples of a combined application of MCDM and reliability theory are presented by both the authors together with a third co-author in a paper given in the same issue of the journal.

Keywords: multi-criteria decision making; MCDM; reliability; availability; utility theory; normalisation; multi-criteria selection; multi-objective optimisation; alternative designs; engineering design; fail-safe behaviour; optimal design; reliability-based optimisation; RBO. (search for similar items in EconPapers)
Date: 2007
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.inderscience.com/link.php?id=13413 (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: https://EconPapers.repec.org/RePEc:ids:ijmdma:v:8:y:2007:i:5/6:p:475-496

Access Statistics for this article

More articles in International Journal of Management and Decision Making from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().