Technology selection with both quantitative and qualitative outputs

A. Alinezhad, A. Makui, M. Zohrehbandian and R. Kiani Mavi

International Journal of Procurement Management, 2009, vol. 2, issue 1, 93-103

Abstract: Technology selection is an important part of the management of technology. To select the best technologies, a practical common-weight Multi-Objective Linear Programming (MOLP) approach with an improved discriminating power is introduced. The proposed MOLP approach enables the evaluation of the relative efficiency of Decision-Making Units (DMUs) with respect to multiple exact and ordinal outputs and a single exact input. Its robustness and discriminating power are illustrated via a previously reported robot evaluation problem by comparing the ranking that is obtained by the proposed MOLP framework with that obtained by the classical Data Envelopment Analysis (DEA) model.

Keywords: technology selection; multi-objective linear programming; MOLP; data envelopment analysis; DEA; common weights; technology management. (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijpman:v:2:y:2009:i:1:p:93-103

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