Introducing reliability measures into multi-criteria decision-making Online publication date: Fri, 27-Apr-2007
by Egidijus Rytas Vaidogas, Edmundas Kazimieras Zavadskas
International Journal of Management and Decision Making (IJMDM), Vol. 8, No. 5/6, 2007
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.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Management and Decision Making (IJMDM):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com
Our Blog 
Follow us on Twitter 
Visit us on Facebook