A Multi-Objective Decision Making Model Based on Goal Programming and Fuzzy AHP Approach for Selecting Investment Projects in Mining Sector
In mining projects, due to capital constraints and need for high initial investment, prioritizing the investments is one of the most important decisions that should be taken by the managers. Various parameters have effect on this decision which some of them are in conflict with each other. In this s...
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University of Qom
2022-09-01
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| Series: | مدیریت مهندسی و رایانش نرم |
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| Online Access: | https://jemsc.qom.ac.ir/article_875_591a5d79f6c201b9c4e8664dd6b6ff6e.pdf |
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| author | Hadi Mokhtari Abbas Eftekhari Mohammad Javadi |
| author_facet | Hadi Mokhtari Abbas Eftekhari Mohammad Javadi |
| author_sort | Hadi Mokhtari |
| collection | DOAJ |
| description | In mining projects, due to capital constraints and need for high initial investment, prioritizing the investments is one of the most important decisions that should be taken by the managers. Various parameters have effect on this decision which some of them are in conflict with each other. In this study, four parameters have been taken into account as the most important criteria on investment in mining namely initial investment, production cost, profit and staffing . Then, prioritization of investments among the eight mining projects has been modeled. For this purpose, the goal programming method as an efficient multi criteria and objective technique has been used. Owing to the uncertainty in effect of the parameters and for considering the variety of different decision makers, fuzzy Analytical Hierarchy Process is used to weighting the criteria. |
| format | Article |
| id | doaj-art-81346e3f309a4acbbd8b40bb092965e6 |
| institution | Kabale University |
| issn | 2538-6239 2538-2675 |
| language | fas |
| publishDate | 2022-09-01 |
| publisher | University of Qom |
| record_format | Article |
| series | مدیریت مهندسی و رایانش نرم |
| spelling | doaj-art-81346e3f309a4acbbd8b40bb092965e62025-01-30T20:18:08ZfasUniversity of Qomمدیریت مهندسی و رایانش نرم2538-62392538-26752022-09-017282210.22091/jemsc.2017.875875A Multi-Objective Decision Making Model Based on Goal Programming and Fuzzy AHP Approach for Selecting Investment Projects in Mining SectorHadi Mokhtari0Abbas Eftekhari1Mohammad Javadi2Assistant Prof., Faculty of Engineering, University of Kashan, Kashan, IranPh.D. Student in Mining Engineering, Faculty of Engineering, University of Kashan, Kashan, IranPh.D. Student in Mining Engineering, Faculty of Engineering, Shahid Bahonar University, Kerman, IranIn mining projects, due to capital constraints and need for high initial investment, prioritizing the investments is one of the most important decisions that should be taken by the managers. Various parameters have effect on this decision which some of them are in conflict with each other. In this study, four parameters have been taken into account as the most important criteria on investment in mining namely initial investment, production cost, profit and staffing . Then, prioritization of investments among the eight mining projects has been modeled. For this purpose, the goal programming method as an efficient multi criteria and objective technique has been used. Owing to the uncertainty in effect of the parameters and for considering the variety of different decision makers, fuzzy Analytical Hierarchy Process is used to weighting the criteria.https://jemsc.qom.ac.ir/article_875_591a5d79f6c201b9c4e8664dd6b6ff6e.pdfmining engineeringinvestmentdecision makinggoal programming |
| spellingShingle | Hadi Mokhtari Abbas Eftekhari Mohammad Javadi A Multi-Objective Decision Making Model Based on Goal Programming and Fuzzy AHP Approach for Selecting Investment Projects in Mining Sector مدیریت مهندسی و رایانش نرم mining engineering investment decision making goal programming |
| title | A Multi-Objective Decision Making Model Based on Goal Programming and Fuzzy AHP Approach for Selecting Investment Projects in Mining Sector |
| title_full | A Multi-Objective Decision Making Model Based on Goal Programming and Fuzzy AHP Approach for Selecting Investment Projects in Mining Sector |
| title_fullStr | A Multi-Objective Decision Making Model Based on Goal Programming and Fuzzy AHP Approach for Selecting Investment Projects in Mining Sector |
| title_full_unstemmed | A Multi-Objective Decision Making Model Based on Goal Programming and Fuzzy AHP Approach for Selecting Investment Projects in Mining Sector |
| title_short | A Multi-Objective Decision Making Model Based on Goal Programming and Fuzzy AHP Approach for Selecting Investment Projects in Mining Sector |
| title_sort | multi objective decision making model based on goal programming and fuzzy ahp approach for selecting investment projects in mining sector |
| topic | mining engineering investment decision making goal programming |
| url | https://jemsc.qom.ac.ir/article_875_591a5d79f6c201b9c4e8664dd6b6ff6e.pdf |
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