International Journal of Statistics and Systems

  • Year: 2010
  • Volume: 5
  • Issue: 2

Use of Fuzzy Multiple Criteria Decision Making Method in Replacement Problem

  • Author:
  • Prakash Rajaram Chavan, Vishnudas Haridas Bajaj
  • Total Page Count: 9
  • DOI:
  • Page Number: 155 to 163

Department of statistics, Dr. Babasaheb Ambedkar Marathwada University, Aurangabad (M.S.)-431004, India.

Abstract

In this paper fuzzy multiple criteria decision making evaluation methodology is used to solve possible replacement, reducing failure and higher utilization of component life. Here, triangular membership function is used to identify the most efficient maintenance approach. Simple Additive Weighting method and Multiplicative Exponential Weighting method are used to verify the efficiency of present method. A numerical example is taken to illustrate and verify effectiveness of the proposed methodology.

Keywords

Replacement problem, Multiple criteria decision making (MCDM), Fuzzy membership function