A Fuzzy-AHP Approach to Solve Multi Criteria Budget Allocation Problem

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Provided by: International Journal of Computer Science & Engineering Technology (IJCSET)
Topic: Big Data
Format: PDF
Decision-making problems require systematic approach to evaluate alternatives using both quantitative and non-quantitative factors. Standard methods to solve problems lack considerations of non-quantitative factors, in which numeric value is difficult to assign. Different techniques like fuzzy set theory, Analytic Hierarchy Process (AHP) and Multi Criteria Decision Making (MCDM) are presently being used in decision-making process. These techniques take multiple factors with vague values and /or concrete values. In this paper, the authors provide solution to a decision-making problem of budget allocation problem, to allocate funds to deserving and competing organizations by using integrated fuzzy, AHP and MCDM techniques.
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