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A Novel Hybrid MCDM Procedure for Achieving Aspired Earned Value Project Performance
Joint Authors
Chou, Shuo-Yan
Yu, Chien-Chou
Tzeng, Gwo-Hshiung
Source
Mathematical Problems in Engineering
Issue
Vol. 2016, Issue 2016 (31 Dec. 2016), pp.1-16, 16 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2016-05-29
Country of Publication
Egypt
No. of Pages
16
Main Subjects
Abstract EN
A better-performing project gains more subsequent businesses.
Many organizations worldwide apply an earned value management (EVM) system to monitor and control their projects’ performance.
However, a successful EVM application requires handling multiple interinfluenced criteria with feedback effects for decision-making and continuous improvements throughout the application life cycle.
The conventional decision approaches assume that preferences between criteria are independent and put their focuses on decision-making.
This study employs a hybrid multiple criteria decision-making (HMCDM) method to devise a novel procedure to fulfil the deficiencies.
The proposed procedure enables us to evaluate interinfluence effects and gap indices among criteria/dimensions/alternatives and then systemize the evaluation results in a context of influential network relation map (INRM).
The INRM provides managers with visual information to find a route in making application decisions, while identifying critical gaps for continuous improvements.
A numerical example is presented to illustrate the applicability of the proposed procedure.
The results show that, by employing the HMCDM method, the proposed procedure can provide organizations with a foundation to ensure that the aspired EVM application outcomes are achieved at different levels within an organization.
American Psychological Association (APA)
Chou, Shuo-Yan& Yu, Chien-Chou& Tzeng, Gwo-Hshiung. 2016. A Novel Hybrid MCDM Procedure for Achieving Aspired Earned Value Project Performance. Mathematical Problems in Engineering،Vol. 2016, no. 2016, pp.1-16.
https://search.emarefa.net/detail/BIM-1112918
Modern Language Association (MLA)
Chou, Shuo-Yan…[et al.]. A Novel Hybrid MCDM Procedure for Achieving Aspired Earned Value Project Performance. Mathematical Problems in Engineering No. 2016 (2016), pp.1-16.
https://search.emarefa.net/detail/BIM-1112918
American Medical Association (AMA)
Chou, Shuo-Yan& Yu, Chien-Chou& Tzeng, Gwo-Hshiung. A Novel Hybrid MCDM Procedure for Achieving Aspired Earned Value Project Performance. Mathematical Problems in Engineering. 2016. Vol. 2016, no. 2016, pp.1-16.
https://search.emarefa.net/detail/BIM-1112918
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1112918