In the face of digitization in manufacturing industries, the judicious evaluation and selection of cutting-edge CNC machines play a pivotal role in achieving production-grade precision, accuracy and manufacturing agility. The evaluation of 3-axes CNC machines incorporates most sought-after subjective and objective criteria having significant relative weights and green impacts. This research paper presents a novel heterogeneous expert based decision making (HGEDM) framework incorporating a diversified combination of experts having distinct impact factors. The experts’ impact factors so calculated impart significant contributions in computing weighted aggregated performance ratings of the alternatives. To establish the effectiveness of the suggested approach, three practical selection problems are illustrated. The calculated findings are validated with few well-established approaches demonstrating the realistic nature of the suggested methodology. To assess the stability and robustness of the proposed approach, a sensitivity analysis is performed. Besides, Spearman’s rank correlation measure demonstrates that the ranks obtained using the proposed approach are highly close to those derived from several existing methods. Furthermore, both Pearson correlation coefficient and Sample correlation coefficient measures show a strong association between the proposed approach and existing ones. Therefore, the proposed HGEDM approach is considered to be a consistent and effective tool for supporting optimal selection.

In today's dynamic and uncertain environments, effective decision-making processes are essential for navigating complex challenges. This paper proposes an innovative approach utilizing Fermatean fuzzy sets to enhance decision-making within heterogeneous group dynamics. Through a systematic mathematical framework, our method integrates expert preferences to find out the comparative weight of decision attribue, leveraging both Fermatean fuzzy sets and entropy calculations. Furthermore, we introduce a novel technique to assess the significance of individual experts' opinions, accounting for specific contextual factors. By synthesizing performance ratings, criteria weights, and expert inputs, our approach offers a comprehensive decision-making model. We introduce the concept of the proximity coefficient to address existing methodological limitations, enhancing the accuracy of decision outcomes. To validate our methodology, we apply it to a practical scenario involving warehouse location selection. Additionally, analysis of sensitivity is conducted to evaluate the robustness of our method across diverse scenarios, demonstrating its efficacy in uncertain environments. This research contributes to advancing decision-making practices in complex and uncertain contexts, offering a valuable tool for addressing real-world challenges.

In the contemporaneous sustainable manufacturing scenario and fourth industrial revolutions, requirements of most cutting-edge CNC machine tools are indispensable for finished products with high accuracy, precision and green complaints in particular. Such requirements have impelled the advanced manufacturing industries to evaluate and choose the proper CNC machine tools for best customized performances. In the face of proper and effective green evaluation, this paper incorporates a heterogeneous expert group based decision framework considering multiple significant technical and green criteria by assessing relative importance of diverse conflicting criteria having substantial contribution in performance analysis of CNC machine tools. As a demonstration of the suggested mathematical model, three real life decision making problems related to 3 axes-CNC machine tools based on the collected quantitative and linguistic data from catalogues, manufacturer’s portals, questionnaires, customer reviews etc. are established. The calculated findings are close to those obtained by previous researchers as well as are verified by well-established techniques. Besides, sensitivity and statistical analysis are performed to examine the robustness and stability of the ranking orders of the alternatives as well as to investigate the efficacy and consistency of the proposed method. Hence thus proposed formulated MCDM approach proves to be a highly effective and reliable decision making tool for choosing the most suitable CNC machine tools.

Rank reversal in decision making is a common phenomenon resulting in confusion and ambiguity in selection procedure especially while multiple multi-criteria decision making (MCDM) techniques are independently applied. To eradicate this confusion, this paper proposes a novel MCDM methodology namely Technique of Accurate Ranking Order (TARO). The TARO method is an extension of conventional MCDM approaches. The proposed method commences at the end of conventional methodologies with the final selection values. The proposed technique, using an advanced version of entropy weighting method, initially measures weights of the final selection values. Subsequently, based on the final section values and their computed weights, TARO measures accurate selection indices that determine the accurate ranking order of the alternatives. The proposed technique is illustrated by three real life examples on robot selection problems. The results obtained by TARO justify the validity, applicability and requirements of the proposed techniques for proper decision making under the MCDM environment.

To acquire the competitive advantages in order to survive in the global business scenario, modern companies are now facing the problems of selecting key supply chain strategies. Strategy selection becomes difficult as the number of alternatives and conflicting criteria increases. Multi criteria decision making (MCDM) methodologies help the supply chain managers take a lead in a complex industrial set-up. The present investigation applies fuzzy MCDM technique entailing multi-objective optimization on the basis of ratio analysis (MOORA) in selection of alternatives in a supply chain. The MOORA method is utilized to three suitable numerical examples for the selection of supply chain strategies (warehouse location selection and vendor/supplier selection). The results obtained by using current approach almost match with those of previous research works published in various open journals. The empirical study has demonstrated the simplicity and applicability of this method as a strategic decision making tool in a supply chain.

This paper addresses the application of group Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) to Multiple Criteria Decision Making (MCDM), for assisting decision makers by evaluating, ranking and selecting material handling equipment (MHE). The present study considers engineering economy as one of the erudite tool for performance evaluation of said equipment in the integrated and synergetic way. Lastly, incremental analysis is used for final ranking of the equipment under inquisition.