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 ...

Measuring performance and determining the key factors of performance have been an important research topic in different sector in recent years. The main goal of this study is to evaluate the performance ranks of the private banks in Turkey due to the fact that performances of private banks are important at the stage of economic growth. In this research, the private banks in Turkey ranked by TOP...

BACKGROUND Raw Moutan cortex (RMC) is an important Chinese herbal medicine. Comprehensive and objective quality evaluation of Chinese herbal medicine has been one of the most important issues in the modern herbs development. OBJECTIVE To evaluate and compare the quality of RMC using the weighted gray correlation- Technique for Order Preference by Similarity to an Ideal Solution (TOPSIS) metho...

Now days purchasing of automobiles i.e, especially cars in the market is very tough task to the customers due to day to day changes in various technical and operational parameter specifications like style, life span, fuel economy, suspension and cost etc. Therefore to overcome from this confusion state some selection procedure techniques are required. TOPSIS is one the selection procedure techn...

In this work, a version of the technique for order preference by similarity ideal solution (TOPSIS) with entropic regularization approach is developed for solving the fuzzy multi-objective nonlinear programming (MONLP) problems. Applying the basic principle of compromise of TOPSIS, the fuzzy MONLP problem can be reduced into a fuzzy bi-objective nonlinear programming problem. Moreover, followin...

Quality credit has been an academic and commercial hotspot recently. This paper is mainly devoted into using a quantitative method to evaluate credit quality. Firstly, a plain but logical indicator system of quality credit is established. Then, the classical MCDM method TOPSIS is introduced to evaluate the credit quality of 8 air-conditioning enterprises in China market. The discussion of evalu...

Technique for Order preference by Similarity to Ideal Solution (TOPSIS) is a Multi Attribute DecisionMaking (MADM) technique employed in diverse disciplines for the prioritization of alternative options/solutions to a problem. Test vector compaction for analog fault detection is a field which is witnessing continuous growth and experimentation. This study suggests a novel TOPSIS-based approach ...

This paper proposes a grey interval relation TOPSIS for the decision making in which all of the attribute weights and attribute values are given by the interval grey numbers. The feature of our method different from other grey relation decision-making is that all of the subjective and objective weights are obtained by interval grey number and that decisionmaking is performed based on the relati...