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Applying a linguistic multi-criteria decision-making model to the analysis of ICT suppliers' offers

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Cid López, Andrés and Hornos, Miguel J. and Carrasco González, Ramón Alberto and Herrera Viedma, Enrique (2016) Applying a linguistic multi-criteria decision-making model to the analysis of ICT suppliers' offers. Expert Systems with Applications, 57 . pp. 127-138. ISSN 0957-4174

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Official URL: https://doi.org/10.1016/j.eswa.2016.03.025



Abstract

Tender analysis processes are everyday processes in any company, but they become even more important when the financial resources are limited. Achieving optimal and transparent tender analysis processes requires hard work from everyone involved. This paper proposes a linguistic multi-criteria decision-making model which helps decision-makers in this task by automating it. To do that, the proposal requires diverse experts to assess different criteria and establish their corresponding weights. The processing of all these input data will determine a minimum value, called profile, to consider an alternative as valid. Additionally, assessments of a similar (probably external) process will be taken into account, becoming a reference valuation. Unlike other decision-making models, the use of this last value gives an idea of the goodness of the result depending on whether the solution obtained is close to the reference value. To the best of our knowledge, there is no expert or intelligent system specifically designed to fully meet the needs of tender analysis processes. For both input and output process stages carried out in our proposal, 2-tuple linguistic labels have been used. These linguistic labels were chosen to facilitate decision-making for the staff involved in the process, as well as for being the most suitable communication way used by human beings. To validate the model, we apply it to a case study in the ICT (Information and Communications Technology) sector. In addition, we include a literature review related to applications using the 2-tuple representation, as well as a comparison of our proposal with related methods, including the results obtained by these methods for the case study presented.


Item Type:Article
Uncontrolled Keywords:Analysis of offers; Fuzzy linguistic modelling; Information and communication technologies; Multi-criteria decision-making
Subjects:Social sciences > Information science > Information technology
Social sciences > Economics > Industrial management
Social sciences > Economics > Econometrics
ID Code:55441
Deposited On:27 May 2019 13:01
Last Modified:07 Nov 2019 10:19

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