The technique for order preference by similarity to ideal solution (TOPSIS) is a technique that can consider any number of measures when seeking to identify solutions close to an ideal and far from a nadir solution. TOPSIS traditionally has been applied in multiple criteria decision analysis. In this article, we propose an approach to develop a TOPSIS classifier. We demonstrate its use in credi...

Previous review papers on analytic hierarchy process (AHP) and TOPSIS (Technique for Order Preference by Similarity to Ideal Solution) mainly focused on the application areas and paid scant attention to the framework development of AHP, TOPSIS and their hybrid methods. The purpose of this paper is to review the literature on analytic hierarchy process (AHP), type of scale used in AHP, modified ...

A simplified description of Fuzzy TOPSIS (Technique for Order Preference by Similarity to Ideal Situation) is presented. We have adapted the TOPSIS description from existing Fuzzy theory literature and distilled the bare minimum concepts required for understanding and applying TOPSIS. An example has been worked out to illustrate the application of TOPSIS for a multi-criteria group decision maki...

A new deployment of the multiple criteria decision making (MCDM) techniques: the Simple Additive Weighting (SAW), and the Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) for portfolio allocation, is demonstrated in this paper. Rather than exclusive reference to mean and variance as in the traditional mean-variance method, the criteria used in this demonstration are the f...

A new deployment of the multiple criteria decision making (MCDM) techniques: the Simple Additive Weighting (SAW), and the Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) for portfolio allocation, is demonstrated in this paper. Rather than exclusive reference to mean and variance as in the traditional mean-variance method, the criteria used in this demonstration are the f...

Increases in populations and in particular in developing countries are placing increased pressure on both natural and agricultural resources. In many cases, especially in semi-arid regions, the pressures are compounded by restricted agricultural lands. Reliable and relevant land evaluation is a requirement for land use policy and decision making to support sustainable rural development. Land ev...

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 ...

In this study, we introduce a novel modified synthetic evaluation method (M-TOPSIS) based on the concept of original TOPSIS and calculate the distance between the alternatives and ‘optimized ideal reference point’ in the D D-plane. It could avoid rank reversals and solve the problem on evaluation failure that often occurs in original TOPSIS, so we believe that the mechanism of M-TOPSIS is more ...

Selection of a project among a set of possible alternatives is a difficult task that the decision maker (DM) has to face. In this paper, by using a fuzzy TOPSIS technique we propose a new method for a project selection problem. After reviewing four common methods of comparing investment alternatives (net present value, rate of return, benefit cost analysis and payback period) we use them as cri...

In order to resolve cases related to an alternative selection problems (MADM problems), various methods have been applied. Many methods are used to solve the MADM problems, which sometimes give different results. To resolve MADM problem, we can use AHP and TOPSIS methods. The advantages of AHP method are it can provide solutions through the analysis of quantitative and qualitative decision. In ...