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The Technique for Order of Preference by Similarity to Ideal Solution Method in Fuzzy Environment: Fuzzy TOPSIS Method

The Technique for Order of Preference by Similarity to Ideal Solution Method in Fuzzy Environment: Fuzzy TOPSIS Method
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Author(s): Merve Cengiz Toklu (Sakarya University, Turkey)
Copyright: 2020
Pages: 30
Source title: Multi-Criteria Decision Analysis in Management
Source Author(s)/Editor(s): Abhishek Behl (Indian Institute of Technology, Bombay, India)
DOI: 10.4018/978-1-7998-2216-5.ch007

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Abstract

Decision-making process is the selection of the most appropriate one among the alternatives. Different selection criteria are considered in the decision-making process. Simultaneous assessment of different evaluation criteria may not always be possible. Multi-criteria decision-making techniques provide an easily applicable mathematical solution in this respect. Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) method is one of the multi-criteria decision-making techniques. This method is used in many problems in literature and allows multiple decision makers to choose the most suitable alternative by evaluating them together with different criteria. Assessments of decision makers may include linguistic statements. In this case, the Fuzzy Logic approach can be used. In this chapter, Fuzzy TOPSIS method is explained with a detailed numerical example.

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