Project Selection by Using a Fuzzy TOPSIS Technique
نویسندگان
چکیده
Selection of a project among a set of possible alternatives is a difficult task that the decision maker (DM) has to face. In this paper, by using a fuzzy TOPSIS technique we propose a new method for a project selection problem. After reviewing four common methods of comparing investment alternatives (net present value, rate of return, benefit cost analysis and payback period) we use them as criteria in a TOPSIS technique. First we calculate the weight of each criterion by a pairwise comparison and then we utilize the improved TOPSIS assessment for the project selection. Keywords—Fuzzy Theory, Pairwise Comparison, Project Selection, TOPSIS Technique.
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