In this article, by using fuzzy AHP and TOPSIS technique we propose a new method for project selection problem. After reviewing four common methods of comparing alternatives investment (net present value, rate of return, benefit cost analysis and payback period) we use them as criteria in AHP tree. In this methodology by utilizing improved Analytical Hierarchy Process by Fuzzy set theory, first...

Contractor selection is one of the most important aspects in construction contract. This paper suggests importance of various multi criteria decision making models for contractor selection problem in Indian context. The study includes identifying the different criteria for bid evaluation and the means by which different decision making models may be used to evaluate the contractors with respect...

An Improvement of Extend TOPSIS (IE-TOPSIS) method is presented for Armament System of Systems (ASoS) selection. In this paper, ASoS selection problem is a multiple criteria decision-making problem. Because determining the specific value of the attribute for each ASoS is difficult, the criteria score is considered as interval vague value. The IETOPSIS method can deal with the interval data valu...

Supplier selection, in real situation, is affected by several qualitative and quantitative factors and is one of the most important activities of purchasing department. Since at the time of evaluating suppliers against the criteria or factors, decision makers (DMS) do not have precise, exact and complete information, supplier selection becomes more difficult. In this case, Grey theory helps us ...

This study simplifies the complicated metric distance method [L.S. Chen, C.H. Cheng, Selecting IS personnel using ranking fuzzy number by metric distance method, Eur. J. Operational Res. 160 (3) 2005 803–820], and proposes an algorithm to modify Chen’s Fuzzy TOPSIS (Technique for Order Preference by Similarity to Ideal Solution) [C.T. Chen, Extensions of the TOPSIS for group decision-making und...

TOPSIS is a multiple criteria method to identify solutions from a finite set of alternatives based upon simultaneous minimization of distance from an ideal point and maximization of distance from a nadir point. TOPSIS can incorporate relative weights of criterion importance. This paper reviews several applications of TOPSIS using different weighting schemes and different distance metrics, and c...

− In this paper, we first briefly present conventional TOPSIS method developed by Hwang and Yoon[10, 19] as a multi-criteria decision making technique. We then give a group decision making method based on TOPSIS method under fuzzy soft environment, and finally give an application of proposed method to show operation and effectiveness of method.