0957-4174/$ see front matter 2012 Elsevier Ltd. A http://dx.doi.org/10.1016/j.eswa.2012.05.056 ⇑ Corresponding author. E-mail address: [email protected] (M. Beh Multi-Criteria Decision Aid (MCDA) or Multi-Criteria Decision Making (MCDM) methods have received much attention from researchers and practitioners in evaluating, assessing and ranking alternatives across diverse industries. Among ...

Quality credit has been an academic and commercial hotspot recently. This paper is mainly devoted into using a quantitative method to evaluate credit quality. Firstly, a plain but logical indicator system of quality credit is established. Then, the classical MCDM method TOPSIS is introduced to evaluate the credit quality of 8 air-conditioning enterprises in China market. The discussion of evalu...

This paper describes an application of multi-criteria decision making (MCDM) for multi-modal fusion of features in a 3D face recognition system. A decision making process is outlined that is based on the performance of multi-modal features in a face recognition task involving a set of 3D face databases. In particular, the fuzzy interval valued MCDM technique called TOPSIS is applied for ranking...

A new deployment of the multiple criteria decision making (MCDM) techniques: the Simple Additive Weighting (SAW), and the Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) for portfolio allocation, is demonstrated in this paper. Rather than exclusive reference to mean and variance as in the traditional mean-variance method, the criteria used in this demonstration are the f...

The multiple criteria decision making (MCDM) methods VIKOR and TOPSIS are based on an aggregating function representing ‘‘closeness to the ideal’’, which originated in the compromise programming method. In VIKOR linear normalization and in TOPSIS vector normalization is used to eliminate the units of criterion functions. The VIKOR method of compromise ranking determines a compromise solution, p...

A new deployment of the multiple criteria decision making (MCDM) techniques: the Simple Additive Weighting (SAW), and the Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) for portfolio allocation, is demonstrated in this paper. Rather than exclusive reference to mean and variance as in the traditional mean-variance method, the criteria used in this demonstration are the f...

In multi-criteria decision making (MCDM) problems, ratings are assigned to the alternatives on different criteria by the expert group. In this paper, we propose a thermodynamically consistent model for MCDM using the analogies for thermodynamical indicators energy, exergy and entropy. The most commonly used method for analysing MCDM problem is Technique for Order of Preference by Similarity to ...

Analytic Hierarchy Process (AHP) is a powerful quantitative measurement method in the multi-criteria decision making (MCDM) area. It has been used in banks, manufacturing systems, organizational performance evaluation, and project selection. Despite this widespread usage, many studies argue that rank reversal phenomenon is unpreventable when any AHP method is applied. This paper presents that t...

The rotation of starting pitchers is a strategic issue which has a significant impact on the performance of a professional team. Choosing an optimal starting pitcher from among many alternatives is a multi-criteria decision-making (MCDM) problem. In this study, a model using the Analytic Hierarchy Process (AHP) and Technique for Order Performance by Similarity to the Ideal Solution (TOPSIS) is ...

Various methods, known as Multiple Criteria Decision Making Methods (MCDM), have been proposed to assist decision makers in the process of ranking alternatives. Given the variability of available methods, choosing an MCDM ranking method is a difficult task. There are key factors in the process of choosing an MCDM method such as: (i) available time; (ii) effort required by a given approach; (iii...