TOPSIS-RTCID for range target-based criteria and interval data

[EN] The Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) is receiving considerable attention as an essential decision analysis technique and becoming a leading method. This paper describes a new version of TOPSIS with interval data and capability to deal with all types of cri...

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Bibliographic Details
Authors: Jahan, A., Yazdani, M., Edwards, K.L.
Format: article
Publication Date:2021
Country:España
Institution:Universitat Politècnica de València (UPV)
Repository:RiuNet. Repositorio Institucional de la Universitat Politécnica de Valéncia
Language:English
OAI Identifier:oai:riunet.upv.es:10251/161640
Online Access:https://riunet.upv.es/handle/10251/161640
Access Level:Open access
Keyword:Interval data
Uncertainty in data
Range target-based criteria
Multi-attribute decision making
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spelling TOPSIS-RTCID for range target-based criteria and interval dataJahan, A.Yazdani, M.Edwards, K.L.Interval dataUncertainty in dataRange target-based criteriaMulti-attribute decision making[EN] The Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) is receiving considerable attention as an essential decision analysis technique and becoming a leading method. This paper describes a new version of TOPSIS with interval data and capability to deal with all types of criteria. An improved structure of the TOPSIS is presented to deal with high uncertainty in engineering and engineering decision-making. The proposed Range Target-based Criteria and Interval Data model of TOPSIS (TOPSIS-RTCID) achieves the core contribution in decision making theories through a distinct normalization formula for cost and benefits criteria in scale of point and range target-based values. It is important to notice a very interesting property of the proposed normalization formula being opposite to the usual one. This property can explain why the rank reversal problem is limited. The applicability of the proposed TOPSIS-RTCID method is examined with several empirical litreture’s examples with comparisons, sensitivity analysis, and simulation. The authors have developed a new tool with more efficient, reliable and robust outcomes compared to that from other available tools. The complexity of an engineering design decision problem can be resolved through the development of a well-structured decision making method with multiple attributes. Various decision approches developed for engineering design have neglected elements that should have been taken into account. Through this study, engineering design problems can be resolved with greater reliability and confidence.Universitat Politècnica de ValènciaRepositorio Institucional de la Universitat Politècnica de València Riunet20212021-01-29journal articlehttp://purl.org/coar/resource_type/c_6501VoRhttp://purl.org/coar/version/c_970fb48d4fbd8a85info:eu-repo/semantics/articleapplication/pdfhttps://riunet.upv.es/handle/10251/161640reponame:RiuNet. Repositorio Institucional de la Universitat Politécnica de Valénciainstname:Universitat Politècnica de València (UPV)Inglésengopen accesshttp://purl.org/coar/access_right/c_abf2Reconocimiento - No comercial - Sin obra derivada (by-nc-nd) http://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccessoai:riunet.upv.es:10251/1616402026-06-13T07:49:27Z
dc.title.none.fl_str_mv TOPSIS-RTCID for range target-based criteria and interval data
title TOPSIS-RTCID for range target-based criteria and interval data
spellingShingle TOPSIS-RTCID for range target-based criteria and interval data
Jahan, A.
Interval data
Uncertainty in data
Range target-based criteria
Multi-attribute decision making
title_short TOPSIS-RTCID for range target-based criteria and interval data
title_full TOPSIS-RTCID for range target-based criteria and interval data
title_fullStr TOPSIS-RTCID for range target-based criteria and interval data
title_full_unstemmed TOPSIS-RTCID for range target-based criteria and interval data
title_sort TOPSIS-RTCID for range target-based criteria and interval data
dc.creator.none.fl_str_mv Jahan, A.
Yazdani, M.
Edwards, K.L.
author Jahan, A.
author_facet Jahan, A.
Yazdani, M.
Edwards, K.L.
author_role author
author2 Yazdani, M.
Edwards, K.L.
author2_role author
author
dc.contributor.none.fl_str_mv Repositorio Institucional de la Universitat Politècnica de València Riunet
dc.subject.none.fl_str_mv Interval data
Uncertainty in data
Range target-based criteria
Multi-attribute decision making
topic Interval data
Uncertainty in data
Range target-based criteria
Multi-attribute decision making
description [EN] The Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) is receiving considerable attention as an essential decision analysis technique and becoming a leading method. This paper describes a new version of TOPSIS with interval data and capability to deal with all types of criteria. An improved structure of the TOPSIS is presented to deal with high uncertainty in engineering and engineering decision-making. The proposed Range Target-based Criteria and Interval Data model of TOPSIS (TOPSIS-RTCID) achieves the core contribution in decision making theories through a distinct normalization formula for cost and benefits criteria in scale of point and range target-based values. It is important to notice a very interesting property of the proposed normalization formula being opposite to the usual one. This property can explain why the rank reversal problem is limited. The applicability of the proposed TOPSIS-RTCID method is examined with several empirical litreture’s examples with comparisons, sensitivity analysis, and simulation. The authors have developed a new tool with more efficient, reliable and robust outcomes compared to that from other available tools. The complexity of an engineering design decision problem can be resolved through the development of a well-structured decision making method with multiple attributes. Various decision approches developed for engineering design have neglected elements that should have been taken into account. Through this study, engineering design problems can be resolved with greater reliability and confidence.
publishDate 2021
dc.date.none.fl_str_mv 2021
2021-01-29
dc.type.none.fl_str_mv journal article
http://purl.org/coar/resource_type/c_6501
VoR
http://purl.org/coar/version/c_970fb48d4fbd8a85
dc.type.openaire.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv https://riunet.upv.es/handle/10251/161640
url https://riunet.upv.es/handle/10251/161640
dc.language.none.fl_str_mv Inglés
eng
language_invalid_str_mv Inglés
language eng
dc.rights.none.fl_str_mv open access
http://purl.org/coar/access_right/c_abf2
Reconocimiento - No comercial - Sin obra derivada (by-nc-nd)
http://creativecommons.org/licenses/by-nc-nd/4.0/
dc.rights.openaire.fl_str_mv info:eu-repo/semantics/openAccess
rights_invalid_str_mv open access
http://purl.org/coar/access_right/c_abf2
Reconocimiento - No comercial - Sin obra derivada (by-nc-nd)
http://creativecommons.org/licenses/by-nc-nd/4.0/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Universitat Politècnica de València
publisher.none.fl_str_mv Universitat Politècnica de València
dc.source.none.fl_str_mv reponame:RiuNet. Repositorio Institucional de la Universitat Politécnica de Valéncia
instname:Universitat Politècnica de València (UPV)
instname_str Universitat Politècnica de València (UPV)
reponame_str RiuNet. Repositorio Institucional de la Universitat Politécnica de Valéncia
collection RiuNet. Repositorio Institucional de la Universitat Politécnica de Valéncia
repository.name.fl_str_mv
repository.mail.fl_str_mv
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