TOPSIS and AHP

The present article focuses on a new approach to categorize inventory items using Modified similarity-based method. The proposed method is applied to the inventory data of raw materials from a renowned conveyor belt manufacturing company of West Bengal, India.

16p tohitohi 22-05-2020 17 0   Download

This paper proposes a model using Multi Criteria Decision Making (MCDM) tools viz., Grey Relational Analysis (GRA), Analytical Hierarchy Process (AHP) and Technique for Order Performance by Similarity to Ideal Solution (TOPSIS). GRA is used to shortlist the criteria from the available options, while AHP is used to assign weights to the criteria.

16p tohitohi 22-05-2020 11 0   Download