Multi-Criteria Decision Modelling

Applicational Techniques and Case Studies

Rahul Sindhwani, Punj Lata Singh, Bhawna Kumar, Varinder Kumar Mittal, J. Paulo Davim, Rahul Sindhwani, Punj Lata Singh, Bhawna Kumar, Varinder Kumar Mittal, J. Paulo Davim

• Publisher: CRC Press
• Year: 2021
• Print ISBN: 9780367645588
• eBook ISBN: 9781000420999
• Edition: 1
• Topic: Business
• Subtopic: Operations
• Index: Business

This book examines Multi-Criteria Decision Modelling (MCDM) methodologies and facilitates diverse ways for strategic decision-making in a variety of practical applications. This book also provides a pragmatic foundation for solving real-life problems in different scenarios of emerging global markets.

Multi-Criteria Decision Modelling: Applicational Techniques and Case Studies depicts the use of sensitivity analysis and modelling and includes case studies to understand and illustrate challenging concepts. It also offers step-by-step comprehensive methodologies for the utilization of MCDM to a variety of situations. The book deliberates ways for companies to use these methods to their advantage in order to achieve sustainability. Furthermore, it also presents an overview of the major streams of thought and provides a holistic view of the latest research and development trends in modelling and optimization.

FEATURES

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• Offers a stepwise comprehensive methodology for the application of MCDM to a variety of situations

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• Presents an overview of the major streams of thought present in the MCDM technique

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• Provides a holistic view of the latest research and development trends in the emerging markets in terms of modelling and optimization using MCDM for different industrial sectors

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• Illuminates a practical foundation in order to provide a guide to address the problems of emerging markets

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• Enlightens the ways for companies to use these methods to their advantage to be able to achieve sustainability

This book is a guide for those performing decision analysis for academic purposes as well as for researchers aspiring to expand their knowledge on MCDM problem solving.

1 Structural Modelling for the Factors of Facility Management in the Healthcare Industry Using the TISM Approach

Rahul Sindhwani, Punj Lata Singh, Rajender Kumar, Bhawna Kumar, Varinder Kumar Mittal, Sumeet Dixit, and Anil Jindal

CONTENTS

1.1 Introduction

1.2 Identification of the Factors Affecting Facility Management in the Healthcare Sector

1.2.1 Organisational Structure Design

1.2.2 Talent Management

1.2.3 Conflict Management

1.2.4 Inter-Connectivity Management

1.2.5 Enterprise-Wide Integration of Learning

1.2.6 Customer Feedback Management

1.2.7 Market Awareness

1.2.8 External Collaborations

1.2.9 IT Tools/Technologies Adoption

1.2.10 Patient Assumption and Hospital Discernment

1.3 Methodology

1.3.1 Identified Factors Affecting Facility Management in Healthcare Organisations

1.3.2 TISM Analysis

1.4 MICMAC Analysis

1.4.1 The Development of the MICMAC Graph

1.4.2 Development of MICMAC Rank

1.5 Result and Discussion

1.6 Conclusion

References

1.1 Introduction

In industrial terminology, it is important to sustain industry contribution in the market in the long-term scenario (Kumar et al., 2017a; Shanker et al., 2019; Sindhwani et al., 2018). In order to do this, timely modification or updating of existing facilities, processes, and products are requisite (Sindhwani, Singh, Chopra, et al., 2019). In this regard, most industries are opting for agile manufacturing, i.e. introducing facility management in their industrial operations. The term ‘facility management’ refers to the adaptation of advanced tools and techniques used to satisfy consumer needs (Naylor et al., 1999). Facility management helps in increasing the responsiveness of the industry based on consumer demand prediction and aids in preparing the necessary strategy to respond accordingly (Yusuf et al., 1999).

While going through the literature, it seems difficult to decide on modifications or make amendments to existing facilities because there are a lot of attributes associated with these kinds of decisions. For making such decisions, the decision-maker has to simultaneously consider multiple attributes, which itself is a huge task. To simplify this, the multi-criteria decision-making approach is suggested. In the MCDM approach, multiple attrib...

Table of contents

• Cover
• Half Title
• Series Page
• Title Page
• Copyright Page
• Contents
• Preface
• Editors
• Contributors
• Chapter 1 Structural Modelling for the Factors of Facility Management in the Healthcare Industry Using the TISM Approach
• Chapter 2 Assessment of Optimum Automotive Brake Friction Formula by Entropy-VIKOR Technique
• Chapter 3 Ranking of Phase Change Materials for Medium Temperature Thermal Energy Accumulation System Using Shannon Entropy, TOPSIS, and VIKOR Methods
• Chapter 4 Identification and Analysis of Enablers of Socially Sustainable SMEs Using the MCDM Approach
• Chapter 5 Application of the MCDM Technique for an Astute Decision-Making Process in the Renewable Energy Sector
• Chapter 6 Assessing Challenges in the Implementation of Sustainable Human Resource Management Using the Fuzzy DEMATEL Approach
• Chapter 7 A Novel Entropy Measure for Linguistic Intuitionistic Fuzzy Sets and Their Application in Decision-Making
• Chapter 8 An Insight into Decision-Making Using the Fuzzy Analytic Hierarchy Process (FAHP)
• Chapter 9 Application of the Fuzzy Analytic Hierarchy Process for Solar Panel Vendor Selection
• Chapter 10 Using Multi-Criteria Decision-Analysis to Build a Long-Term Business Strategy
• Chapter 11 Systematic Review and Deliberation of Various Multi-Criteria Decision-Making Techniques
• Index