The University of Southampton
University of Southampton Institutional Repository

Value modelling for multi-stakeholder and multi-objective optimisation in engineering design

Value modelling for multi-stakeholder and multi-objective optimisation in engineering design
Value modelling for multi-stakeholder and multi-objective optimisation in engineering design
The work presented culminates in the development of a value model used in the conceptual phase of engineering design, with the preferences of more than one stakeholder addressed in the multi-stakeholder and multi-objective optimisation. The ‘value’ of proposed solutions is assessed in an objective way from both performance and economic perspectives, while the optimal solution is identified based on the needs of the user and manufacturer, as major stakeholders. This novel value model for consistent value assessment synthesises the multi-attribute value/utility analysis with Game Theory and Analytic Hierarchy Process (AHP) assessment methodologies. During the multi-criteria decision analysis, the deficiencies, introduced by the arbitrary numerical scales used in the AHP to convert the linguistic preferences of the user between the various attributes to numerical values, are resolved. The preferences of a group of experts/decision-makers are synthesised in the group value model through the extraction of weighting factors from the individuals’ AHP pairwise comparison matrices. Moreover, Game Theory is used in a hybrid cooperative/bargaining, non-cooperative non-zero sum game between the stakeholders as players, identifying the optimal design through the simultaneous employment of the Nash bargaining solution and the Nash equilibrium.
0954-4828
1-29
Papageorgiou, Evangelos
4c665d91-e020-4c98-8ecd-19fa39381c43
Eres, Murat Hakki
b22e2d66-55c4-46d2-8ec3-46317033de43
Scanlan, James
7ad738f2-d732-423f-a322-31fa4695529d
Papageorgiou, Evangelos
4c665d91-e020-4c98-8ecd-19fa39381c43
Eres, Murat Hakki
b22e2d66-55c4-46d2-8ec3-46317033de43
Scanlan, James
7ad738f2-d732-423f-a322-31fa4695529d

Papageorgiou, Evangelos, Eres, Murat Hakki and Scanlan, James (2016) Value modelling for multi-stakeholder and multi-objective optimisation in engineering design. Journal of Engineering Design, 27 (10), 1-29, [1466-1837]. (doi:10.1080/09544828.2016.1214693).

Record type: Article

Abstract

The work presented culminates in the development of a value model used in the conceptual phase of engineering design, with the preferences of more than one stakeholder addressed in the multi-stakeholder and multi-objective optimisation. The ‘value’ of proposed solutions is assessed in an objective way from both performance and economic perspectives, while the optimal solution is identified based on the needs of the user and manufacturer, as major stakeholders. This novel value model for consistent value assessment synthesises the multi-attribute value/utility analysis with Game Theory and Analytic Hierarchy Process (AHP) assessment methodologies. During the multi-criteria decision analysis, the deficiencies, introduced by the arbitrary numerical scales used in the AHP to convert the linguistic preferences of the user between the various attributes to numerical values, are resolved. The preferences of a group of experts/decision-makers are synthesised in the group value model through the extraction of weighting factors from the individuals’ AHP pairwise comparison matrices. Moreover, Game Theory is used in a hybrid cooperative/bargaining, non-cooperative non-zero sum game between the stakeholders as players, identifying the optimal design through the simultaneous employment of the Nash bargaining solution and the Nash equilibrium.

Text
Value Modelling for MultiSH MultiObj Optimization in Engineering Design.pdf - Accepted Manuscript
Download (417kB)

More information

Accepted/In Press date: 15 July 2016
e-pub ahead of print date: 25 July 2016
Published date: 25 July 2016
Organisations: Computational Engineering & Design Group

Identifiers

Local EPrints ID: 400063
URI: http://eprints.soton.ac.uk/id/eprint/400063
ISSN: 0954-4828
PURE UUID: a708720f-faaf-4dd6-9cfa-700fb44d723f
ORCID for Murat Hakki Eres: ORCID iD orcid.org/0000-0003-4967-0833

Catalogue record

Date deposited: 07 Sep 2016 10:26
Last modified: 18 Feb 2021 17:00

Export record

Altmetrics

Contributors

Author: Evangelos Papageorgiou
Author: James Scanlan

University divisions

Download statistics

Downloads from ePrints over the past year. Other digital versions may also be available to download e.g. from the publisher's website.

View more statistics

Atom RSS 1.0 RSS 2.0

Contact ePrints Soton: eprints@soton.ac.uk

ePrints Soton supports OAI 2.0 with a base URL of http://eprints.soton.ac.uk/cgi/oai2

This repository has been built using EPrints software, developed at the University of Southampton, but available to everyone to use.

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we will assume that you are happy to receive cookies on the University of Southampton website.

×