A hybrid bi-objective mathematical model for multi-criteria ranking problem of the branches of Sepah bank: an integration of best-worst and SAW approaches

Soleimanpour, Hamid; Niroomand, Sadegh; Fathi, Zadollah; Mahmoodirad, Ali

doi:10.22124/jmm.2026.32512.2948

A hybrid bi-objective mathematical model for multi-criteria ranking problem of the branches of Sepah bank: an integration of best-worst and SAW approaches

Articles in Press

Document Type : Research Article

Authors

¹ Department of Financial Management, CT. C., Islamic Azad University, Tehran, Iran

² Department of Industrial Engineering, Firouzabad Higher Education Center, Shiraz University of Technology, Shiraz, Iran

³ Department of Mathematics, Bab. C, Islamic Azad University, Babol, Iran

10.22124/jmm.2026.32512.2948

Abstract

In this study we consider the multi-criteria ranking problem of the branches of Sepah bank in Fars province of Iran. Compared to literature, a more complete set of criteria are considered to evaluate and rank the bank branches. The data for the last three years of the branches in the criteria are considered to evaluate and rank them. A bi-objective mathematical model is proposed to evaluate the criteria and the bank branches simultaneously. For this aim, for the first time the best-worst method (BWM) and simple additive weighting approach (SAW) are integrated by the proposed mathematical model. By applying the proposed model, the criteria and branches are weighted and ranked simultaneously. In order to solve the proposed bi-objective model, a modification of the fuzzy programming approach called TH approach is applied. Based on the nature of the proposed model and the solution approach and their parameters, several experiments are designed and their results are used for sensitivity analysis purposes. The proposed model and solution approach are highly sensitive to their parameters’ values.

Keywords