The main purpose of this paper is to develop an integrated fuzzy technique for order preference by similarity to ideal solution (TOPSIS) method to improve the quality of decisionmaking for ranking alternatives. The proposed fuzzy TOPSIS method mainly accounts for the classification of criteria, the integrated weights of criteria and sub-criteria, and the performance values of decision matrix. I...

The evaluation of flexible manufacturing system(FMS) is regarded as a multiple attribute group decisionmaking problem and has a critical impact on the improvement of manufacturing system competitiveness. Therefore, an effective group decision-making model using fuzzy-TOPSIS method is developed for the evaluation of alternative FMSs where the information available is subjective and imprecise. In...

A hybrid approach integrating OWA (Ordered Weighted Averaging) aggregation into TOPSIS (technique for order performance by similarity to ideal solution) is proposed to tackle multiple criteria decision analysis (MCDA) problems. First, the setting of extreme points (ideal and anti-ideal points) in TOPSIS is redefined and extended for handling the multiple extreme points situation where a decisio...

Selecting the appropriate manufacturing machine is a very important and complex problem for firms which usually have to deal with both qualitative and quantitative criteria and involve different decision makers whose knowledge is often vague and imprecise. This paper proposes a peer-based modification to intuitionistic fuzzy multi-criteria group decision making with TOPSIS method (peer IF-TOPSI...

The purpose of this paper is to present an alternative of a hybrid method based on Saaty’s Analytical Hierarchy Process and on the Technique for Order Preference by using the Similarity to Ideal Solution method (AHP-TOPSIS) and, based on the AHP and its use of pairwise comparisons, to extend it to a new method called α-D MCDMTOPSIS (α-Discounting Method for multi-criteria decision making-TOPSIS...

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...