Floods are among the most common and destructive natural disasters confronted by cities and are further aggravated by rapid climate change and increasing urbanization, posing a great challenge to flood risk management. To cope with uncertainty, there is a need to move towards approaches to managing flood risk by taking resilience into consideration. While the evaluation of urban flood resilience has gained much attention in recent decades, studies on quantitative measurement using multiple criteria decision making (MCDM) approaches are rare. In addition, the results determined by different MCDM methods may exhibit considerable variability. It is an intractable task to gather a group consensus from these methods. In this regard, in this paper, we propose a group-decision-making framework for measuring urban resilience to flooding, combining three stages, which are (i) normalizing the data, (ii) weighting the criteria and (iii) aggregating the results. Four objective MCDM methods—i.e., the variation coefficient method, Shannon weighting method, CRITIC and ideal point method—are proposed and treated as reliable methods. A stochastic multi criteria acceptability analysis is adopted to integrate those results into a composite resilience index. The proposed methodology is applied to the resilience evaluation problem of 41 cities in the Yangtze River basin, and the results are compared with those obtained with the four MCDM methods. It is demonstrated that our method considers all possible preferences among the results provided by various MCDM methods and is thus more robust and acceptable.
15 May 2017 in International Transactions in Operational Research
The multicriteria ABC inventory classification has been widely adopted by organizations for the purpose of specifying, monitoring, and controlling inventory efficiently. It categorizes the items into three groups based on some certain criteria, such as inventory cost, part criticality, lead time, and commonality. There has been extensive research on such a problem, but few have considered that the judgments about criteria’s importance order usually exhibit a substantial degree of variability. In light of this, we propose a new methodology for handling the multicriteria ABC inventory classification problem using the social choice theory. Specifically, the pessimistic and optimistic results for all possible individual judgments are obtained in a closed-form manner, which are then balanced by the Hurwicz criterion with a “coefficient of optimism”. The CRITIC (Criteria Importance Through Intercriteria Correlation) method is used to aggregate the individual judgments into a collective choice, according to which the items are classified into Groups A, B, and C. Through a numerical experiment, we show that the proposed methodology not only considers all possible preferences among the criteria, but also generates flexible classification schemes.
Sales forecasting for new products is significantly important for fashion retailer companies because prediction with high accuracy helps the company improve management efficiency and customer satisfaction. The low inventory strategy of fashion products and the low stock level in each brick-and-mortar store lead to serious censored demand problems, making forecasting difficult. In this regard, a two layers (TLs) model is proposed in this paper to predict the total sales of new products. In the first layer, the demand is estimated by linear regression (LR). In the second layer, sales are modeled as a function of not only the demand but also the inventory. To solve the TLs model, a gradient-boosting decision tree method (GBDT) is used for feature selection. Considering the heterogeneity in products, a mixed k-mean algorithm is applied for product clustering and a genetic algorithm for parameter estimation in each cluster. The model is tested on real-world data from a Singapore company, and the experimental results show that our model is better than LR, GBDT, support vector regression (SVR) and artificial neural network (ANN) in most cases. Furthermore, two indicators are built: the average conversion rate and the marginal conversion rate, to measure products’ competitiveness and explore the optimal inventory level, respectively, which provide helpful guidance on decision-making for fashion industry managers.
Power grid technical renovation projects are implemented through project-based supply chains involving equipment procurement, logistics coordination and on-site construction under market, delivery and carbon constraints. Their final cost is jointly affected by engineering quantities, supplier behavior, lead-time uncertainty, material price volatility and sustainability requirements. Existing studies usually emphasize technical parameters and direct expenditure, whereas supplier reliability, green procurement, carbon intensity and procurement contingency effects are only indirectly incorporated. This study develops a dynamic Bayesian model for carbon-adjusted cost forecasting and investment priority support in power grid technical renovation projects. Based on 800 anonymized project-level records, a random forest is first used to identify informative engineering, supply chain and sustainability variables. These variables are then organized in a Bayesian network that links observed evidence, intermediate cost nodes and the carbon-adjusted cost target. A dynamic evidence-weighting mechanism updates posterior cost beliefs as supplier, logistics, market and carbon information become available during implementation. Compared with static Bayesian inference, XGBoost, an improved BPNN and GRA-based benchmarks, the proposed model yields lower MAE and RMSE. Ablation and scenario analyses further show that supply chain and sustainability variables improve both predictive performance and decision interpretability. The results provide a quantitative basis for budget control, green procurement adjustment, contingency allocation and sustainable asset renewal prioritization in energy enterprises.