A novel framework for uncertain multidimensional decision-making: UMDI-PRO model for optimized solutions in complex environments

Effective decision-making in complex scenarios involving multiple dimensions and uncertainty presents significant challenges for traditional models. In this paper, we introduce the Uncertain Multi-Dimensional Programming (UMDI-PRO) model, a comprehensive framework designed to optimize decision-making in uncertain and multidimensional environments. By integrating advanced techniques from multivariate analysis and multicriteria decision-making (MCDM), UMDI-PRO provides a robust approach for evaluating and selecting optimal alternatives. Compared to conventional MCDM approaches, UMDI-PRO exhibits marked improvements in handling trade-offs, processing imprecise data, and generating stable solutions under uncertainty. Through numerical experimentation and comparative analysis, the UMDI-PRO model demonstrates superior performance in managing conflicting objectives and uncertain data, surpassing traditional MCDM methods. Case studies in supply chain management, healthcare, and environmental management illustrate its wide applicability and effectiveness in real-world problem-solving. The model's adaptability, accuracy, and resilience make it a powerful tool for enhancing the quality of decisions in dynamic and uncertain environments.

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Publication Details

Journal
Data Science in Finance and Economics
Published
2025-01-01
DOI
https://doi.org/10.3934/dsfe.2025020
Primary Topic
Risk and Portfolio Optimization
Type
article
Field-Weighted Citation Impact
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article

A novel framework for uncertain multidimensional decision-making: UMDI-PRO model for optimized solutions in complex environments

Ahmed Frikha, Jalel Euchi, Marwa Mallek, Mohammed Ali Elleuch et al.
Data Science in Finance and Economics
Risk and Portfolio Optimization
article

A novel framework for uncertain multidimensional decision-making: UMDI-PRO model for optimized solutions in complex environments

Ahmed Frikha, Jalel Euchi, Marwa Mallek, Mohammed Ali Elleuch, Francisco-Silva Pinto
article en

Abstract

Effective decision-making in complex scenarios involving multiple dimensions and uncertainty presents significant challenges for traditional models. In this paper, we introduce the Uncertain Multi-Dimensional Programming (UMDI-PRO) model, a comprehensive framework designed to optimize decision-making in uncertain and multidimensional environments. By integrating advanced techniques from multivariate analysis and multicriteria decision-making (MCDM), UMDI-PRO provides a robust approach for evaluating and selecting optimal alternatives. Compared to conventional MCDM approaches, UMDI-PRO exhibits marked improvements in handling trade-offs, processing imprecise data, and generating stable solutions under uncertainty. Through numerical experimentation and comparative analysis, the UMDI-PRO model demonstrates superior performance in managing conflicting objectives and uncertain data, surpassing traditional MCDM methods. Case studies in supply chain management, healthcare, and environmental management illustrate its wide applicability and effectiveness in real-world problem-solving. The model's adaptability, accuracy, and resilience make it a powerful tool for enhancing the quality of decisions in dynamic and uncertain environments.

Data Science in Finance and EconomicsVol. 5(4)
University of Lisbon (PT), University of Sfax (TN), Higher Institute of Management (RU), University of Sousse (TN)
Openalex Percentile: Top 62%
Risk and Portfolio Optimization
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