Data-Driven Decision Making: Models, Methods and Applications, 2nd Edition

A special issue of Mathematics (ISSN 2227-7390). This special issue belongs to the section "Engineering Mathematics".

Deadline for manuscript submissions: 31 August 2024 | Viewed by 659

Special Issue Editors


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Guest Editor
Alliance Manchester Business School, The University of Manchester, Manchester M15 6PB, UK
Interests: decision sciences; data analytics; risk analysis; optimisation
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Guest Editor
School of Management, Hefei University of Technology, Hefei 230009, China
Interests: decision analysis under uncertainty; group decision making; data analytics
Special Issues, Collections and Topics in MDPI journals

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Guest Editor Assistant
Alliance Manchester Business School, The University of Manchester, Manchester M15 6PB, UK
Interests: complex networks; decision making; data science

Special Issue Information

Dear Colleagues,

Data-driven decision making is becoming increasingly important in various fields of engineering and management and more widely recognized with the rapid development of data science, decision science and interpretable artificial intelligence. In real-world decision-making problems, data usually come from different sources in different formats and are often associated with various types of uncertainty, including randomness, incompleteness, inaccuracy, and inconsistency. In addition, subjective judgment and knowledge also play important roles in making informed decisions. In recent years, decision analysis in social network environments has also attracted wide interest.  

This Special Issue aims to provide a forum for the exchange of new findings and advances in the areas of data-driven decision making and decision analytics. The topics of interest include, but are not limited to:

  • Data-driven modelling and inference;
  • Decision making under uncertainty;
  • Decision analysis in social networks;
  • Group decision making;
  • Multiple criteria decision analysis;
  • Knowledge-based decision support;
  • Decision analytics and interpretable artificial intelligence;
  • Applications of data-driven decision making in engineering and management.

Prof. Dr. Yu-Wang Chen
Dr. Mi Zhou
Guest Editors

Tao Wen
Guest Editor Assistant

Manuscript Submission Information

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Keywords

  • decision making
  • decision support
  • data-driven modelling
  • group decision making
  • preference relations
  • knowledge representation
  • evidential reasoning
  • rule-based system
  • interpretable artificial intelligence
  • social network

Published Papers (1 paper)

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Research

22 pages, 2485 KiB  
Article
Data-Analytics-Driven Selection of Die Material in Multi-Material Co-Extrusion of Ti-Mg Alloys
by Daniel Fernández, Álvaro Rodríguez-Prieto and Ana María Camacho
Mathematics 2024, 12(6), 813; https://doi.org/10.3390/math12060813 - 10 Mar 2024
Viewed by 457
Abstract
The selection of the most suitable material is one of the key decisions to be made during the design stage of a manufacturing process. Traditional approaches, such as Ashby maps based on material properties, are widely used in industry. However, in the production [...] Read more.
The selection of the most suitable material is one of the key decisions to be made during the design stage of a manufacturing process. Traditional approaches, such as Ashby maps based on material properties, are widely used in industry. However, in the production of multi-material components, the criteria for the selection can include antagonistic approaches. The aim of this work is to implement a methodology based on the results of process simulations for several materials and to classify them by applying an advanced data analytics method based on machine learning (ML)—in this case, the support vector regression (SVR) or multi-criteria decision-making (MCDM) methodology. Specifically, the multi-criteria optimization and compromise solution (VIKOR) was combined with entropy weighting methods. To achieve this, a finite element model (FEM) was built to evaluate the extrusion force and the die wear during the multi-material co-extrusion process of bimetallic Ti6Al4V-AZ31B billets. After applying SVR and VIKOR in combination with the entropy weighting methodology, a comparison was established based on material selection and the complexity of the methodology used. The results show that the material chosen in both methodologies is very similar, but the MCDM method is easier to implement because there is no need for evaluating the error of the prediction model, and the time required for data preprocessing is less than the time needed when applying SVR. This new methodology is proven to be effective as an alternative to traditional approaches and is aligned with the new trends in industry based on simulation and data analytics. Full article
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