TOPSISTechnique for Order Preference by Similarity to Ideal Solution
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In addition, the intergration of fuzzy set and TOPSIS will be develop.
Artagral, Nielsen (2009) in the paper performance evaluation of Turkish cement, using the AHP and TOPSIS expressed in two ways.
This paper attempts to present a model that applies fuzzy TOPSIS model to help a contractor decide whether to bid or not to bid considering the risks of a tender.
Hwang and Yoon (Hwang, 1981), introduced the TOPSIS method based on the idea that the best alternative should have the shortest distance from the positive ideal solution and farthest distance from the negative ideal solution.
TOPSIS (Technique for Order Preference by Similarity to Ideal Solution) is proposed by Hwang and Yoon [6], and it is a popular approach to MCDM problems.
Key words: multi-criteria decision making, AS, RS selection, fuzzy TOPSIS
Usual crisp TOPSIS as presented by Hwang and Yoon in 1981 (Hwang and Yoon 1981) or fuzzy TOPSIS has been widely applied in construction management, as well as some other MCDM methods like SAW (Simple Additive Weighting), COPRAS (Complex Proportional Assesment), ELECTRE (Elimination Et Choix Traduisant la Realite) for ranking of construction- technological alternatives (Zavadskas 1986), selection of resource-saving decisions (Zavadskas 1987), accepting other technological or facility management decisions (Fiedler et al.
The overall flow chart on the application of TOPSIS method in the thermoset matrix materials selection is shown in Figure 1.
The most suitable for this is undoubtedly the TOPSIS method.
This paper provides useful insights into the TOPSIS method and suggests a framework for future attempts in this area for ranking and determination operation of statement of companies listed in Tehran Stock Exchange.
This project utilizes a multi-index decision-making model, TOPSIS techniques, and Shannonanthrop model.