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...

Öz Supplier evaluation and selection includes both qualitative and quantitative criteria and it is considered as a complex Multi Criteria Decision Making (MCDM) problem. Uncertainty and impreciseness of data is an integral part of decision making process for a real life application. The fuzzy set theory allows making decisions under uncertain environment. In this paper, a trapezoidal type 2 fuz...

This paper presents an integrated fuzzy approach for selecting R&D project. In the integrated approach, fuzzy concepts are used for decision-makers’ subjective judgments to reflect the vague nature of the selection process. Fuzzy ANP and Fuzzy TOPSIS are included in the integrated approach. Fuzzy ANP is used to determine the fuzzy weights of criteria and sub-criteria. Fuzzy TOPSIS aims to rank ...

In this paper, a modified TOPSIS (techniques for order preference by similarity to ideal solution) approach for solving bi-level multi-objective programming (BL-MOP) problems with fuzzy parameters is presented. These fuzzy parameters are assumed to be characterized by fuzzy numerical data, reflecting the experts' imprecise or fuzzy understanding of the nature of the parameters in the problem fo...

The aim of this paper is to extend the TOPSIS method for decisionmaking problems with Fuzzy data. By this extension of TOPSIS method, an algorithm for determining the most preferable choice among all possible choices in the case of fuzzy data is presented. To illustrate the performance of the proposed algorithm, a decision-making problem is solved at the end of paper.

With the growing worldwide awareness of environmental protection and sustainable development, green purchasing has become an important issue for companies to gain environmental and developmental sustainability. Thermal power is the main power generation form in China, and the green supplier selection is essential to the smooth and sustainable construction of thermal power plants. Therefore, sel...

Success of an e-business company is strongly associated with the relative quality of its website compared to that of its competitors. The purpose of this study is to propose a multi-attribute e-business website quality evaluation methodology based on a modified fuzzy TOPSIS approach. In the proposed methodology, weights of the evaluation criteria are generated by a fuzzy AHP procedure. In perfo...

As the education fees are becoming more expensive, more students apply for scholarships. Consequently, hundreds and even thousands of applications need to be handled by the sponsor. To solve the problems, some alternatives based on several attributes (criteria) need to be selected. In order to make a decision on such fuzzy problems, Fuzzy Multiple Attribute Decision Making (FMDAM) can be applie...

Interval-valued fuzzy sets involve more uncertainties than ordinary fuzzy sets and can be used to capture imprecise or uncertain decision information in fields that require multiple-criteria decision analysis (MCDA). This paper takes the simple additive weighting (SAW) method and the technique for order preference by similarity to an ideal solution (TOPSIS) as the main structure to deal with in...

In this paper, we propose a hybrid fuzzy decision making approach, combining elements of fuzzy-ELECTRE and Fuzzy-TOPSIS, towards a new ranking procedure. The main objective of FETOPSIS is to offer rankings with good alternative discriminatory power to decision makers (DMs). This research work was motivated by a real case study in which multiple attribute decision making techniques were used to ...