A comparison between two types of Fuzzy TOPSIS method

Madi, Elissa; Garibaldi, Jonathan M.; Wagner, Christian

Abstract

Multi Criteria Decision Making methods have been developed to solve complex real-world decision problems. The Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) is currently one of the most popular methods and has been shown to provide helpful outputs in various application areas. In recent years, a variety of extensions, including fuzzy extensions of TOPSIS have been proposed. One challenge that has arisen is that it is not straightforward to differentiate between the multiple variants of TOPSIS existing today. Thus, in this paper, a comparison between the classical Fuzzy TOPSIS method proposed by Chen in 2000 and the recently Fuzzy TOPSIS proposed extension by Yuen in 2014 is made. The purpose of this comparative study is to show the difference between both methods and to provide context for their respective strengths and limitations both in complexity of application, and expressiveness of results. A detailed synthetic numeric example and comparison of both methods are provided.

Citation

Madi, E., Garibaldi, J. M., & Wagner, C. (2015). A comparison between two types of Fuzzy TOPSIS method.

• Conference Name: 2015 IEEE International Conference on Systems, Man, and Cybernetics (SMC)
• End Date: Oct 12, 2015
• Acceptance Date: Oct 19, 2015
• Publication Date: Oct 19, 2015
• Deposit Date: Jul 6, 2016
• Publicly Available Date: Jul 6, 2016
• Peer Reviewed: Peer Reviewed
• Keywords: Fuzzy set theory, Multi criteria decision making, TOPSIS
• Public URL: https://nottingham-repository.worktribe.com/output/763540
• Publisher URL: http://ieeexplore.ieee.org/xpl/abstractAuthors.jsp?arnumber=7379195
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• Contract Date: Jul 6, 2016