Selection of Best Alternative in Manufacturing and Service Sector Using Multi Grade Decision Approach - A Review

摘要

Modern manufacturing organizations tend to face versatile challenges due to globalization,modern lifestyle trends and rapid market requirements from both locally and globally placedcompetitors. The organizations faces high stress from dual perspective namely enhancement inscience and technology and development of modern strategies. In such an instance,organizations were in a need of using an effective decision making tool that chooses out optimalalternative that reduces time, complexity and highly simplified. This paper explores a usage ofnew multi criteria decision making tool known as MOORA for selecting the best alternatives byexamining various case study. The study was covered up in two fold manner by comparingMOORA with other MCDM and MADM approaches to identify its advantage for selectingoptimal alternative, followed by highlighting the scope and gap of using MOORA approach.Examination on various case study reveals an existence of huge scope in using MOORA fornumerous manufacturing and service applications.