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...

This paper extends the technique for order preference by similarity to ideal solution (TOPSIS) for solving multi-attribute group decision making (MAGDM) problems under triangular intuitionistic fuzzy sets by using its correlation coefficient. In situations where the information or the data is of the form of triangular intuitionistic fuzzy numbers (TIFNs), some arithmetic aggregation operators h...

The facility location selection, which is one of the important activities in strategic planning for a wide range of private and public companies, is a multi-criteria decision making problem including both quantitative and qualitative criteria. Traditional methods for facility location selection can not be effectively handled because information can not be represented by precise information unde...

Nowadays, sustainable End-of-Life vehicle (ELV) management has been recognized as the most important issue to overcome environmental and economic challenges for most companies. Hence, sustainable ELV strategies evaluation plays a crucial rule in order to improve the sustainability performance of companies. In this paper, an evaluation model based on the Fuzzy Analytic Hierarchy Process (AHP) an...

In hotly competitive international industrial and economic environments, supply chain coordination (SCC) is one of active research topics in production and operation management. In this research work, we present a new consensus-based fuzzy TOPSIS approach for supply chain coordination problem. It is formulated as a multi-criteria group decision making (MCGDM) problem and solved by combining con...

The aim of the study is developing a fuzzy decision model to select a student from an Engineering college who is eligible for All Round Excellence Award for the year 2004-05 by taking subjective judgments of decision makers into consideration. Here Fuzzy Analytic Hierarchy Process (FAHP) approach and (Technique for Order Preference by Similarity to Ideal Solutions (TOPSIS) methods are proposed....

TOPSIS is one of the major techniques in dealing with multiple criteria decision making (MCDM) problems, and Belief Structure (BS) model and Fuzzy BS model have been used successfully for uncertain MCDM with incompleteness, impreciseness or ignorance. In this paper, the TOPSIS method with Fuzzy BS model is proposed to solve Group Belief MCDM problems. Firstly, the Group Belief MCDM problem is s...

Selecting the appropriate manufacturing machine is a very important and complex problem for firms which usually have to deal with both qualitative and quantitative criteria and involve different decision makers whose knowledge is often vague and imprecise. This paper proposes a peer-based modification to intuitionistic fuzzy multi-criteria group decision making with TOPSIS method (peer IF-TOPSI...

Supplier selection is a multi-criterion decision making problem under uncertain environments. Hence, it is reasonable to hand the problem in fuzzy sets theory (FST) and Dempster Shafer theory of evidence (DST). In this paper, a new MCDM methodology, using FST and DST, based on the main idea of the technique for order preference by similarity to an ideal solution (TOPSIS), is developed to deal w...

Green supplier selection is an important part of green supply chain management. To improve the validity and reliability of green supplier selection, this paper constructed a model based on the improved intuitionistic fuzzy TOPSIS. Firstly, the concepts of intuitionistic fuzzy set and intuitionistic fuzzy number were given, and a series of algorithms and aggregation operators were defined; on th...