Title: A multi criteria decision-making approach to evaluate automated storage and retrieval systems
Authors: Ömür Tosun; Hande Erdoğan Aktan
Addresses: Department of International Trade and Logistics, Faculty of Applied Sciences, Akdeniz University, Yeşilbayır, Antalya, Turkey ' Department of Management Information Sciences, Faculty of Applied Sciences, Akdeniz University, Yeşilbayır, Antalya, Turkey
Abstract: In the globalised world, it is important for companies to make fast, efficient, accurate and cost-effective investments with a view to survive and stand out among their rivals. While making an investment decision; there is a need for a decision-making process that is based on multiple criteria in order to determine the best alternative according to the indefinite or uncertain values of the criteria. In this study, stochastic multi-criteria acceptability analysis (SMAA-2) method, which depends on uncertainties, was used to rank the automated storage and retrieval system (AS/RS) alternatives and to select the most suitable one satisfying the expectations of decision makers. Eleven criteria were used for evaluating and ranking three AS/RS alternatives in this approach. Three different cases were studied in SMAA-2. Proposed model was used for selecting the best appropriate system in an electronic company.
Keywords: multicriteria decision making; MCDM; automated storage and retrieval system; AS/RS; stochastic MAA; multicriteria acceptability analysis; SMAA-2; advanced manufacturing technology; AMT; uncertainty; evaluation; ranking; electronics industry.
International Journal of Applied Decision Sciences, 2016 Vol.9 No.2, pp.182 - 195
Available online: 02 Nov 2016 *Full-text access for editors Access for subscribers Purchase this article Comment on this article