Multicriteria decision-making based on goal programming and fuzzy analytic hierarchy process: An application to capital budgeting problem

Abstract

Our objective in this paper is to develop a decision-making model to assist decision-makers and researchers in understanding the effect of multiple criteria decision-making on a capital budgeting investment. This decision-making model helps decision-makers with reducing decision-making time and choosing a suitable decision alternative for a capital budgeting investment within the companies’ goals, constraints and strategies. The methods utilized in this paper are goal programming (GP) and fuzzy analytic hierarchy process (FAHP). We demonstrate a case study of the capital budgeting investment by using these two methods in a small car rental company. 2011 Elsevier B.V. All rights reserved.

DOI: 10.1016/j.knosys.2011.10.005

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Cite this paper

@article{Tang2012MulticriteriaDB, title={Multicriteria decision-making based on goal programming and fuzzy analytic hierarchy process: An application to capital budgeting problem}, author={Yu-Cheng Tang and Ching-Ter Chang}, journal={Knowl.-Based Syst.}, year={2012}, volume={26}, pages={288-293} }