Application of TODIM (TOmada de Decisao Interativa Multicriterio) method for under-construction housing project selection in Kolkata

Abstract

The paper focuses on the application of TODIM (TOmada de Decisao Interativa Multicriterio), which means in Portuguese 'interactive and multi-criteria decision making') method in identifying the most attractive and affordable under-construction housing project in the city of Kolkata in India. In this decision making problem, 14 under-construction housing projects spanning in and around Kolkata are evaluated with respect to ten important criteria. The deployment of TODIM method can well be validated with respect to its ability to deal with both qualitative and quantitative criteria in the presence of risk factors. This method is also acknowledged to be a robust tool being almost unaffected by the varying values of the attenuation factor of losses. Using TODIM method, an under-construction housing project at Rajarhat in the eastern fringes of Kolkata city is selected as the optimal choice while meeting the requirements of investors, inhabitants and other stakeholders.

Freight Forwarding Company Selection Using Hybrid IFAHP-IFTODIM Method

“…This study used 11 criteria: instant response (𝐶 1 ), cheaper agency fee (𝐶 2 ), global serviceability (𝐶 3 ), tailor-made service (𝐶 4 ), door-to-door ability (𝐶 5 ), schedule reliability (𝐶 6 ), excellent reputation (𝐶 7 ), stable space supply (𝐶 8 ), fast document handling (𝐶 9 ), instant cargo tracking (𝐶 10 ), and insurance (𝐶 11 ). Matrix 𝑑(𝑅 ̅ (𝑝) , 𝑅 (𝑝) ) 𝑅 ̅ (1) 0.1855 𝑅 ̅ (2) 0.2350 𝑅 ̅ (3) 0.2314 𝑅 ̅ (4) 0.2093 The alternative is a freight forwarding company which often delivers goods to customers in PT Progressio Indonesia. Four alternatives are assessed for their performance.…”

“…One of the concepts in prospect theory is that individual differences in obtaining information are perceived and interpreted, which means that if two individuals are faced with the same problem, then the decisions or choices may vary. IFTODIM is a development of the classic TODIM method based on IF [3].…”

Принятие Решения По Выбору Паттерна Инноваций При Разработке Стратегии Промышленного Предприятия В Условиях Неопределённости И Риска

“…Этот метод сфокусирован на способе принятия решения в условиях риска. Основная идея TODIM состоит в попарном сравнении альтернатив по каждому оцениваемому критерию [17,32] с последующим определением степени доминирования каждой альтернативы над другими на основе получения обобщённого значения (overall value) и ранжирования альтернатив [15,25,34] с учётом отношения к риску лица, принимающего решение [24,38], которое в рамках этого метода задаётся через специальный коэффициент -коэффициент сглаживания потерь (attenuation factor of losses), обозначаемый как θ, отражающий значимость потерь при выборе альтернативы для лица, принимающего решение. Такое ранжирование альтернатив, с точки зрения авторов, позволит детально оценить предпочтение альтернатив, при этом, учитываемое отношение к риску, отражаемое коэффициентом θ, может быть не только субъективным мнением лица, принимающего решение, но и иметь объективную основу в зависимости от уровня риска, обусловленного конкретной ситуацией.…”

A New Decision-Making Approach Based on Fermatean Fuzzy Sets and WASPAS for Green Construction Supplier Evaluation

“…For this purpose, fourteen under-construction housing projects were evaluated according to ten criteria, and the desired alternatives were identified. The TODIM method was used due to its ability to deal with quantitative and qualitative criteria [35]. A new hybrid fuzzy MCDM approach was proposed to evaluate construction equipment with respect to sustainability criteria.…”