In order to rationalize material selection in green design, this study presents an attempt combine the methods of generalized Data Envelopment Analysis (DEA) and Technique for Order Preference by Similarity Ideal Solution (TOPSIS). By establishing a index system, G-CCR model DEA was first used select effective materials from candidate samples, TOPSIS then sort suppliers. The combined DEA/TOPSIS...

The aim of this study is to provide a comprehensive decision-making method that can be applied investment decisions based on the Environmental, Social and Governance (ESG) performance. contributes existing literature by introducing CPT-TOPSIS model, pioneering approach incorporates effect non-rational factors results in uncertain conditions combining cumulative prospect theory (CPT) with classi...

In this study, we evaluated the effects of the normalization procedures on decision outcomes of a givenMADMmethod. For this aim, using theweights of a number of attributes calculated from FAHP method, we applied TOPSIS method to evaluate the financial performances of 13 Turkish deposit banks. In doing this, we used the most popular four normalization procedures. Our study revealed that vector n...

The aim of this paper is to develop and demonstrate a theory of constraints (TOC) model that utilizes TOPSIS method in estimating the priority of each product in a multiproduct constraint resource environment. The decision model compares four alternatives: Standard cost accounting, Standard Theory-OfConstraints (TOC), LP analysis and our own solution. The numerical results show that the propose...

In multi-criteria decision making (MCDM) problems, ratings are assigned to the alternatives on different criteria by the expert group. In this paper, we propose a thermodynamically consistent model for MCDM using the analogies for thermodynamical indicators energy, exergy and entropy. The most commonly used method for analysing MCDM problem is Technique for Order of Preference by Similarity to ...

The purposes of our study were to identify a drug entry process, collect, and prioritize criteria for selecting drugs for the list of basic health insurance commitments to prepare an "evidence based reimbursement eligibility plan" in Iran. The 128 noticeable criteria were found when studying the health insurance systems of developed countries. Four parts (involving criteria) formed the first qu...

Multiple criteria decision-making (MCDM) research has developed rapidly and has become a main area of research for dealing with complex decision problems. The purpose of the paper is to explore the performance evaluation model. This paper develops an evaluation model based on the fuzzy analytic hierarchy process and the technique for order performance by similarity to ideal solution, fuzzy TOPS...

This study reports on the performance assessment of the Asian airlines using TOPSIS – a multi-criteria decision making technique – as the cornerstone method to compute efficiency scores. Subsequently, and observing indicators frequently found in literature, TOPSIS results on efficiency levels are combined with GLMM-MCMC methods to assess the impact of contextual variables on performance. The re...

In this paper, we extend TOPSIS (Technique for Order Preference by Similarity Ideal Solution) for solving Large Scale Multiple Objective Programming problems involving fuzzy parameters. These fuzzy parameters are characterized as fuzzy numbers. For such problems, the α-Pareto optimality is introduced by extending the ordinary Pareto optimality on the basis of the α-Level sets of fuzzy numbers. ...