The hybrid mathematical model for the evaluation and selection of iron ore raw materials in the context of the European Green Deal

Abstract

The actual scientific research on the development of the hybrid mathematical model for evaluating and selecting iron ore raw materials in the context of the EU Green Deal is carried out. The necessity of developing decision support systems within the framework of the EU Green Deal concept is substantiated, in order to increase the degree of validity of decision-making in the evaluation space, regarding the green course and achieving the goals of the green agreement. For the first time, a systematic theoretical-multiple model of the problem of evaluation and selection of iron ore raw materials, according to the proposed factors of chemical composition, cost, and environmental policy of the manufacturer. The problem of multi-criteria selection of alternatives based on the imaginary alternative of the "satisfaction point" of the decision-makers (DM) requirements using the information model of criteria for evaluating the properties of the object of study on the chemical composition of iron ore raw materials. For the first time, a hybrid mathematical model of multi-criteria evaluation of iron ore raw materials with target needs was developed: quality of chemical composition of iron ore raw materials; the cost of iron ore; environmental policy and environmental impact in the extraction and/or enrichment of iron ore raw materials. The results of a study on a real example of evaluation and selection of iron ore concentrate for six alternatives implemented by Metinvest (Ukraine) were tested. The general step-by-step algorithm of the evaluation concept is described, which can be quickly implemented in the software product for the application. The developed model will be a useful tool for various programs of state support/business assistance in the procurement of iron ore raw materials by reasonably choosing a supplier using targeted needs in the context of synchronization with the EU Green Deal initiative. Raw material extraction and subsequent transport logistics are especially important for the engineering industry, the electrical engineering industry, and the automotive industry, with strong potential for the aeronautics and aerospace industry.