Accuracy, complexity and interpretability are very important in credit classification. However, most approaches cannot perform well in all the three aspects simultaneously. The objective of this study is to put forward a classification approach named C-TOPSIS that can balance the three aspects well. C-TOPSIS is based on the rationale of TOPSIS (Technique for Order Preference by Similarity to Id...

A simplified description of Fuzzy TOPSIS (Technique for Order Preference by Similarity to Ideal Situation) is presented. We have adapted the TOPSIS description from existing Fuzzy theory literature and distilled the bare minimum concepts required for understanding and applying TOPSIS. An example has been worked out to illustrate the application of TOPSIS for a multi-criteria group decision maki...

This paper extended TOPSIS (Technique for Order Preference by Similarity Ideal Solution) method for solving Two-Level Large Scale Linear Multiobjective Optimization Problems with Stochastic Parameters in the righthand side of the constraints (TL-LSLMOP-SP)rhs of block angular structure. In order to obtain a compromise ( satisfactory) solution to the (TL-LSLMOP-SP)rhs of block angular structure ...

One of the techniques used to support decisions in uncertain environments is the Fuzzy TOPSIS method. However, from crisp data, this method considers only one fuzzy set in their analysis, besides being a strictly mathematical optimization technique. This article proposes extensions to the original Fuzzy TOPSIS, exploring two distinct versions: to increase the method with the necessary resources...

The performance of commercial websites is a critical issue that has a significant effect on consumers’ online decision-making. This study develops and applies a fuzzy model to assess the performance of hotel websites. It presents a fuzzy decision-making approach to the evaluation of tourism website performance that integrates consumer perceptions with a hierarchical model. The model consists of...

0957-4174/$ see front matter 2011 Elsevier Ltd. A doi:10.1016/j.eswa.2011.04.108 ⇑ Corresponding author. Tel.: +1 215 951 1129; fax E-mail addresses: [email protected] (M. Tavana) vain.be, [email protected] (A. Hatami-Marbini URL: http://lasalle.edu/~tavana (M. Tavana). 1 Tel.: +32 486 707387; fax: +32 10 47 4301. Human spaceflight mission planning is a complex task with many interacting s...

This paper proposes a decision support system which integrates the objective weights of importance of the attributes as well as the subjective preferences of the decision maker to decide the composite weights of importance of the attributes. Using fuzzy set theory the qualitative attributes are converted into the quantitative attributes. Based on this model, a decision support system AGVSEL is ...

This paper compares two multi-criteria decision making (MCDM) approaches based on linguistic label assessment. The first approach consists of a modified fuzzy TOPSIS methodology introduced by Kaya and Kahraman in 2011. The second approach, introduced by Agell et al. in 2012, is based on qualitative reasoning techniques for ranking multi-attribute alternatives in group decision-making with lingu...

risk response planning is one of the main phases in the project risk management and has major impacts on the success of a large-scale project. since projects are unique, and risks are dynamic through the life of the projects, it is necessary to formulate responses of the important risks. the conventional approaches tend to be less effective in dealing with the impreciseness of risk response pl...

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 cri...