Electronic commerce (EC) development takes place in a complex and dynamic environment that includes high levels of risk and uncertainty. This paper proposes a new method to assess the risks associated with EC development using multi-criteria decision-making techniques A model based on analytic hierarchy process (AHP) and the technique for order of preference by similarity to ideal solution (TOP...

Most decision-making processes are dynamic. Critical decisions require multiple and interrelated time-constrained decisions within strongly uncertain and so complex scenarios. The proposed methodology (mixing Delphi, Fuzzy Cognitive Maps and TOPSIS) and is a step forward with regard to the classic tools used in scenarios-based decision-support. This proposal allows managing uncertainty for impr...

This paper reports the study on the development of a ‘decision support system (DSS)’ software for cotton fibre grading and selection, and its applications in the textile spinning industry. Two multi-criteria decision making approaches, namely ‘analytic hierarchy process (AHP)’ and ‘technique for order preference by similarity to ideal solutions (TOPSIS)’, have been amalgamated in the developed ...

Aiming at solving multi-criteria decision problems in power quality, a new decision-making method based on grey correlation degree and TOPSIS is proposed. On the basis of introducing the concept of grey correlation degree into traditional TOPSIS, a new relative similarity degree is established to decide power quality by combining Euclidean distance with grey correlation degree. Error originated...

Decision making problem is the process of finding the best option from all of the feasible alternatives. In this paper, from among multicriteria models in making complex decisions and multiple attribute models for the most preferable choice, technique for order preference by similarity to ideal solution (TOPSIS) approach has been dealt with. In real-word situation, because of incomplete or non-...

Supplier selection plays an important role in the supply chain management and traditional criteria such as price, quality, and flexibility are considered for supplier performance evaluation in researches. In recent years sustainability has received more attention in the supply chain management literature with triple bottom line (TBL) describing the sustainability in supply chain management with...

The paper investigates a technique for order preference by similarity to ideal solution (TOPSIS) method to solve multi-attribute decision making problems with bipolar neutrosophic information. We define Hamming distance function and Euclidean distance function to determine the distance between bipolar neutrosophic numbers. In the decision making situation, the rating of performance values of th...

Abstract The purpose of this paper is to extend the TOPSIS (Technique for Order Performance by Similarity to Ideal Solution) method for solving multiple attribute decision making (MADM) problems with trapezoid fuzzy linguistic variables. To begin with, this paper introduces the concept of the trapezoid fuzzy linguistic variables, and defines the distance between two trapezoid fuzzy linguistic v...