American Journal of Business and Operations Research
AJBOR
2692-2967
2770-0216
10.54216/AJBOR
https://www.americaspg.com/journals/show/1238
2018
2018
An Innovative Multi-Criteria Decision-Making (MCDM) Framework for Picking the Right Used Chemical Tankers: A Classified Model-Based Discussion
American University in the Emirates, Dubai, UAE
Abedallah Z.
..
American University in the Emirates, Dubai, UAE
Rasha
..
Towson University, Towson University, Maryland's University, USA
William
Thompson
Because chemical tanker boats are so expensive to build and maintain, shipping firms may not be able to supply their clients with fair transportation pricing. As a result, shipping businesses may find various benefits and chances by purchasing second-hand chemical tanker vessels. But picking a chemical tanker is a hard task that requires overcoming numerous misunderstandings and weighing several conflicting factors. A novel MCDM technique has been proposed in this study for this aim. EDAS approach is used in the proposed model, to handle uncertainty. In order to demonstrate efficacy, relevance, and robustness, the model was used to address decision-making issues involving the selection of suitable second-hand chemical tankers from a pool of 10 (alternatives). The chemical tanker boats were evaluated using 14 distinct choice criteria in the present article. The findings show that the most important factor is "CTC6′′ Maintenance cost," and the best and most preferred chemical tanker is "CTA6"
2022
2022
08
18
10.54216/AJBOR.070201
https://www.americaspg.com/articleinfo/1/show/1238