TOPSIS and AHP
-
The objective of this study was to select the suitable warehouse location, which is the focus for business organisations that buy, produce, and store the agricultural products of grass flowers, by using the Multiple Criteria Decision Making theory (MCDM). Three methods were used, which were the Simple Additive Weighting (SAW), Analytic Hierarchy Process (AHP), and Technique for Order Preference by Similarity to Ideal Solution (TOPSIS).
8p longtimenosee09 08-04-2024 7 2 Download
-
This paper presents a multi-criteria decision making method for contractor selection. The proposed study uses six criteria, namely; Experience, Financial stability, Quality performance, Manpower resources, Equipment resources and Current workload for evaluating different contractors.
6p kelseynguyen 27-05-2020 19 4 Download
-
This paper attempts to evaluate 4 dumping areas based on 5 criteria. Analytical hierarchy process (AHP) is used to determine the weighs for each criterion and quality function deployment (QFD) is also implemented.
8p kelseynguyen 27-05-2020 11 2 Download
-
In this article, by choosing agriculture sector as a case study, an attempt has been made to study the evaluation, ranking and management of projects with investment classifying strategy of the projects using Delphi, TOPSIS and AHP methods.
16p kelseynguyen 27-05-2020 12 2 Download
-
This paper presents the application of the new method in the process of making the decisions on the scooters selection. The Fuzzy AHP method was used to obtain the weight coefficients of criteria, on the basis of which the alternatives were evaluated.
8p kelseynguyen 28-05-2020 21 1 Download
-
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 16 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
-
Forecasting plays a major role in financial planning and it is an essential analytical tool in banks‟ strategies. In recent years, researchers are developing new techniques for estimation. Financial performance evaluation of banks is a kind of multi-criteria decision making (MCDM) problem which has developed rapidly. It is very important for a firm to monitor a wide range of performance indicators in order to ensure that appropriate and timely decisions and plans can be made.
31p chauchaungayxua2 04-01-2020 24 2 Download
-
There is no denial of the fact that performance evaluation is a critical managerial attempt in any organization especially financial institutions such as banks. MCDM methods have been utilized as efficient and common tools in many fields such as finance and economy and attract significant attention from public and financial regulators. The numerous opinions and enormous criteria associated with bank performance evaluation confines the implication of any single objective model. Therefore, multi-criteria decision making approach has been applied for this purpose.
19p chauchaungayxua2 04-01-2020 17 1 Download