scholarly journals A Modified TOPSIS Method Based onDNumbers and Its Applications in Human Resources Selection

2016 ◽  
Vol 2016 ◽  
pp. 1-14 ◽  
Author(s):  
Liguo Fei ◽  
Yong Hu ◽  
Fuyuan Xiao ◽  
Luyuan Chen ◽  
Yong Deng
Keyword(s):  
Decision Making ◽  
Human Resources ◽  
Multicriteria Decision Making ◽  
Uncertain Information ◽  
Human Beings ◽  
Topsis Method ◽  
Decision Matrix ◽  
Multicriteria Decision ◽  
Decision Making Problem ◽  
Modified Topsis

Multicriteria decision-making (MCDM) is an important branch of operations research which composes multiple-criteria to make decision. TOPSIS is an effective method in handling MCDM problem, while there still exist some shortcomings about it. Upon facing the MCDM problem, various types of uncertainty are inevitable such as incompleteness, fuzziness, and imprecision result from the powerlessness of human beings subjective judgment. However, the TOPSIS method cannot adequately deal with these types of uncertainties. In this paper, aD-TOPSIS method is proposed for MCDM problem based on a new effective and feasible representation of uncertain information, calledDnumbers. TheD-TOPSIS method is an extension of the classical TOPSIS method. Within the proposed method,Dnumbers theory denotes the decision matrix given by experts considering the interrelation of multicriteria. An application about human resources selection, which essentially is a multicriteria decision-making problem, is conducted to demonstrate the effectiveness of the proposedD-TOPSIS method.

A Multicriteria Decision Method with Uncertain Information in Financial Credit Loan Decision-Making

2011 ◽  
Vol 52-54 ◽  
pp. 1868-1872
Author(s):  
Liang Liang ◽  
Ren Yan Jiang ◽  
Yin Liang
Keyword(s):  
Decision Making ◽  
Multicriteria Decision Making ◽  
Uncertain Information ◽  
Ahp Method ◽  
Multicriteria Decision ◽  
Decision Making Problem ◽  
Financial Credit ◽  
Criteria Weights ◽  
Relation Model ◽  
Integrated Methods

It is difficult to obtain the correct criteria weights with uncertain information in the multicriteria decision-making. Many methods depend on the subjective estimate. Therefore, a method is presented to evaluate the samples ranking only need the importance order of criteria. It evaluates firstly the overall ranking scores of samples based on the graphical classification and multicriteria hierarchical integrated methods. Subsequently, the relation model between the criteria scores and overall ranking scores of samples is built by linear regression. Finally, a fincial credit loan decision-making problem is presented to describe the way of the multicriteria decisiion making process. The analysis to compare with the AHP method illustrates the proposed method is objective and effective.

scholarly journals Decision Making in Uncertain Rural Scenarios by means of Fuzzy TOPSIS Method

2011 ◽  
Vol 2011 ◽  
pp. 1-15 ◽  
Author(s):  
Eva Armero ◽  
M. Socorro García-Cascales ◽  
M. Dolores Gómez-López ◽  
M. Teresa Lamata
Keyword(s):  
Decision Making ◽  
Environmental Control ◽  
Multicriteria Decision Making ◽  
Fuzzy Topsis ◽  
Uncertain Information ◽  
Topsis Method ◽  
Linguistic Terms ◽  
Multicriteria Decision

A great deal of uncertain information which is difficult to quantify is taken into account by farmers and experts in the enterprise when making decisions. We are interested in the problems of the implementation of a rabbit-breeding farm. One of the first decisions to be taken refers to the design or type of structure for housing the animals, which is determined by the level of environmental control sought to be maintained in its interior. A farmer was consulted, and his answers were incorporated into the analysis, by means of the fuzzy TOPSIS methodology. The main purpose of this paper is to study the problem by means of the fuzzy TOPSIS method as multicriteria decision making, when the information was given in linguistic terms.

scholarly journals An Exhaustive Study of Possibility Measures of Interval-Valued Intuitionistic Fuzzy Sets and Application to Multicriteria Decision Making

2016 ◽  
Vol 2016 ◽  
pp. 1-10 ◽  
Author(s):  
Fatma Dammak ◽  
Leila Baccour ◽  
Adel M. Alimi
Keyword(s):  
Decision Making ◽  
Fuzzy Sets ◽  
Multicriteria Decision Making ◽  
Possibility Theory ◽  
Intuitionistic Fuzzy Sets ◽  
Decision Matrix ◽  
Multicriteria Decision ◽  
Intuitionistic Fuzzy ◽  
Exhaustive Study ◽  
Interval Valued

This work is interested in showing the importance of possibility theory in multicriteria decision making (MCDM). Thus, we apply some possibility measures from literature to the MCDM method using interval-valued intuitionistic fuzzy sets (IVIFSs). These measures are applied to a decision matrix after being transformed with aggregation operators. The results are compared between each other and concluding remarks are drawn.

scholarly journals EVALUATING THE PERFORMANCE OF COLOMBIAN BANKS BY HYBRID MULTICRITERIA DECISION MAKING METHODS

2020 ◽  
Vol 21 (6) ◽  
pp. 1707-1730
Author(s):  
Amir Karbassi Yazdi ◽  
Thomas Hanne ◽  
Juan Carlos Osorio Gómez
Keyword(s):  
Decision Making ◽  
Balanced Scorecard ◽  
Service Sector ◽  
Banking Sector ◽  
Multicriteria Decision Making ◽  
Evaluation Process ◽  
Decision Matrix ◽  
Multicriteria Decision ◽  
Strategic Issues ◽  
Matrix Weights

The aim of the study in this paper is to show how the performance of banks can be evaluated by ranking them based on Balanced Scorecard (BSC) and Multicriteria Decision Making (MCDM) methods. Nowadays, assessing the performance of companies is a vital work for finding their weaknesses and strengths. The banking sector is an important area in the service sector. Many people want to know which bank performs best when entrusting their money to them. For assessing the performance of banks, BSC can be used. This method helps to translate strategic issues to meaningful insights for the respective financial institutions. After that, the banks will be ranked based on performance indicators by the Weighted Aggregated Sum Product Assessment (WASPAS) method. Because this method is based on a decision matrix, weights are required. To find such weights, the Step-wise Weight Assessment Ratio Analysis (SWARA) method is applied. The results show that the International Bank of Colombia has a much better performance than other Colombian banks. Besides, further insights regarding the evaluation process based on BSC, SWARA, and WASPAS are obtained.

scholarly journals Pythagorean Fuzzy (R,S)-Norm Information Measure for Multicriteria Decision-Making Problem

2018 ◽  
Vol 2018 ◽  
pp. 1-11 ◽  
Author(s):  
Abhishek Guleria ◽  
Rakesh Kumar Bajaj
Keyword(s):  
Decision Making ◽  
Fuzzy Set ◽  
Multicriteria Decision Making ◽  
Information Measure ◽  
Present Communication ◽  
Pythagorean Fuzzy Set ◽  
Numerical Examples ◽  
Multicriteria Decision ◽  
Decision Making Problem ◽  
Future Work

In the present communication, a parametric (R, S)-norm information measure for the Pythagorean fuzzy set has been proposed with the proof of its validity. The monotonic behavior and maximality feature of the proposed information measure have been studied and presented. Further, an algorithm for solving the multicriteria decision-making problem with the help of the proposed information measure has been provided keeping in view of the different cases for weight criteria, when weights are unknown and other when weights are partially known. Numerical examples for each of the case have been successfully illustrated. Finally, the work has been concluded by providing the scope for future work.

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