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The Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) is a well-known Multi-Attribute Decision Making (MADM) method that is used to identify the most attractive alternative solution among a finite set of alternatives based on the simultaneous minimization of the distance...
Persistent link: https://www.econbiz.de/10014143747
The increasing intensity of global competition and the rapid advances in information technology (IT) have led organizations to search for more efficient and effective ways to manage their business. With the rapid growth of IT and global complexity, selecting information system projects that...
Persistent link: https://www.econbiz.de/10013160068
Supplier evaluation and selection problems are inherently multi-criteria decision problems. Numerous analytical techniques ranging from simple weighted scoring to complex mathematical programming approaches have been proposed to solve these problems. However, traditional supplier selection...
Persistent link: https://www.econbiz.de/10013160069
Many real-world decision problems involve conflicting systems of criteria, uncertainty and imprecise information. Some also involve a group of decision makers (DMs) where a reduction of different individual preferences on a given set to a single collective preference is required. Multi-criteria...
Persistent link: https://www.econbiz.de/10013114995