Browsing by Author "Senthil, S."

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    Evaluation of the Second-Hand Lng Tanker Vessels Using Fuzzy Mcgdm Approach Based on the Interval Type-2 Fuzzy Aras (it2f-Aras) Technique
    (Pergamon-elsevier Science Ltd, 2024) Gorcun, Omer Faruk; Görçün, Ömer Faruk; Kundu, Pradip; Kucukonder, Hande; Senthil, S.; Business Administration
    Selecting appropriate LNG tankers is paramount in the maritime sector. Opting for suitable second-hand LNG vessels is a significant and efficient strategy for managing transportation operations effectively and meeting industry standards. Given LNG tanker specifications and shipbuilding capacity, the second-hand LNG tanker market adequately meets maritime industry demands. Thus, there is a strong motivation to evaluate the current second-hand vessel market. However, uncertainties prevail, necessitating decision-makers to employ a resilient and practical methodological framework to address uncertainties and complex decision-making scenarios effectively. This study proposes a decision-making framework integrating the Delphi and Additive Ratio Assessment (ARAS) methods, leveraging interval type-2 fuzzy sets (IT2FSs). This framework resolves real-life challenges associated with selecting second-hand LNG tankers, demonstrating the practicality of the approach. Using IT2FSs, the Delphi method identifies critical criteria influencing second-hand tanker vessel selection. "Cargo carriage capacity" emerged as the most influential criterion, followed by "purchasing costs" and "year of construction." Moreover, "Mediterranean Energy" was deemed the most suitable second-hand LNG tanker among the six alternatives assessed. Thorough sensitivity analysis validated the proposed model and its implications, confirming its validity and applicability.