An exploration of issues and limitations in current methods of TOPSIS and fuzzy TOPSIS

Decision making is an important process for organizations. Common practice involves evaluation of prioritized alternatives based on a given set of criteria. These criteria conflict with each other and commonly no solution can satisfy all criteria simultaneously. This problem is known as Multi Criter...

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Main Authors: Madi, Elissa, Garibaldi, Jonathan M., Wagner, Christian
Format: Conference or Workshop Item
Published: 2016
Subjects:
Online Access:https://eprints.nottingham.ac.uk/34646/
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author Madi, Elissa
Garibaldi, Jonathan M.
Wagner, Christian
author_facet Madi, Elissa
Garibaldi, Jonathan M.
Wagner, Christian
author_sort Madi, Elissa
building Nottingham Research Data Repository
collection Online Access
description Decision making is an important process for organizations. Common practice involves evaluation of prioritized alternatives based on a given set of criteria. These criteria conflict with each other and commonly no solution can satisfy all criteria simultaneously. This problem is known as Multi Criteria Decision Making (MCDM) or Multi Criteria Decision Analysis (MCDA) problem. One of the well-known techniques in MCDM is the ‘Technique for Order Preference by Similarity to Ideal Solution’ (TOPSIS) which was introduced by Hwang and Yoon in 1981 [1]. However, this technique uses crisp information which is impractical in many real world situations because decision makers usually express opinions in natural language such as Poor and Good. Information in the form of natural language, i.e. words, in turn is characterized by fuzziness and uncertainty (i.e. ‘what is the meaning of poor’). This uncertainty can be a challenge for decision makers. Zadeh [2] introduced the concept of fuzzy sets, which enables systematic reasoning with imprecise and fuzzy information by using fuzzy sets to represent linguistic terms numerically to then handle uncertain human judgement.
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spelling nottingham-346462020-05-04T17:59:57Z https://eprints.nottingham.ac.uk/34646/ An exploration of issues and limitations in current methods of TOPSIS and fuzzy TOPSIS Madi, Elissa Garibaldi, Jonathan M. Wagner, Christian Decision making is an important process for organizations. Common practice involves evaluation of prioritized alternatives based on a given set of criteria. These criteria conflict with each other and commonly no solution can satisfy all criteria simultaneously. This problem is known as Multi Criteria Decision Making (MCDM) or Multi Criteria Decision Analysis (MCDA) problem. One of the well-known techniques in MCDM is the ‘Technique for Order Preference by Similarity to Ideal Solution’ (TOPSIS) which was introduced by Hwang and Yoon in 1981 [1]. However, this technique uses crisp information which is impractical in many real world situations because decision makers usually express opinions in natural language such as Poor and Good. Information in the form of natural language, i.e. words, in turn is characterized by fuzziness and uncertainty (i.e. ‘what is the meaning of poor’). This uncertainty can be a challenge for decision makers. Zadeh [2] introduced the concept of fuzzy sets, which enables systematic reasoning with imprecise and fuzzy information by using fuzzy sets to represent linguistic terms numerically to then handle uncertain human judgement. 2016-07-24 Conference or Workshop Item PeerReviewed Madi, Elissa, Garibaldi, Jonathan M. and Wagner, Christian (2016) An exploration of issues and limitations in current methods of TOPSIS and fuzzy TOPSIS. In: 2016 IEEE International Conference on Fuzzy Systems (FUZZ-IEEE), 24-29 Jul 2016, Vancouver, Canada. FTOPSIS fuzzy TOPSIS multicriteria decision making Technique for Order Preference by Similarity to Ideal Solution fuzzy sets http://ieeexplore.ieee.org/stamp/stamp.jsp?tp=&arnumber=7737950&isnumber=7737658
spellingShingle FTOPSIS
fuzzy TOPSIS
multicriteria decision making
Technique for Order Preference by Similarity to Ideal Solution
fuzzy sets
Madi, Elissa
Garibaldi, Jonathan M.
Wagner, Christian
An exploration of issues and limitations in current methods of TOPSIS and fuzzy TOPSIS
title An exploration of issues and limitations in current methods of TOPSIS and fuzzy TOPSIS
title_full An exploration of issues and limitations in current methods of TOPSIS and fuzzy TOPSIS
title_fullStr An exploration of issues and limitations in current methods of TOPSIS and fuzzy TOPSIS
title_full_unstemmed An exploration of issues and limitations in current methods of TOPSIS and fuzzy TOPSIS
title_short An exploration of issues and limitations in current methods of TOPSIS and fuzzy TOPSIS
title_sort exploration of issues and limitations in current methods of topsis and fuzzy topsis
topic FTOPSIS
fuzzy TOPSIS
multicriteria decision making
Technique for Order Preference by Similarity to Ideal Solution
fuzzy sets
url https://eprints.nottingham.ac.uk/34646/
https://eprints.nottingham.ac.uk/34646/