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Mathematical Problems in Engineering
Volume 2012 (2012), Article ID 790142, 12 pages
http://dx.doi.org/10.1155/2012/790142
Research Article

Selecting the Best Project Using the Fuzzy ELECTRE Method

1Department of Industrial Engineering, Atılım University, P.O. Box 06836, İncek, Ankara, Turkey
2Department of Industrial Engineering, Gazi University, P.O. Box 06570, Maltepe, Ankara, Turkey

Received 25 May 2012; Revised 23 July 2012; Accepted 6 August 2012

Academic Editor: Wudhichai Assawinchaichote

Copyright © 2012 Babak Daneshvar Rouyendegh and Serpil Erol. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Abstract

Selecting projects is often a difficult task. It is complicated because there is usually more than one dimension for measuring the impact of each project, especially when there is more than one decision maker. This paper is aimed to present the fuzzy ELECTRE approach for prioritizing the most effective projects to improve decision making. To begin with, the ELECTRE is one of most extensively used methods to solve multicriteria decision making (MCDM) problems. The ELECTRE evaluation method is widely recognized for high-performance policy analysis involving both qualitative and quantitative criteria. In this paper, we consider a real application of project selection using the opinion of experts to be applied into a model by one of the group decision makers, called the fuzzy ELECTRE method. A numerical example for project selection is given to clarify the main developed result in this paper.