Measurement of Level-of-Satisfaction of Decision Maker in Intelligent Fuzzy-MCDM Theory: A Generalized Approach

Vasant, Pandian; Bhattacharya, Arijit; Abraham, Ajith

doi:10.1007/978-0-387-76813-7_9

Cited by 2 publications

(1 citation statement)

References 32 publications

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“…In the applications of MCDM methods, as stated by Vasant et al (2008), decision making is facilitated by an analysis that incorporates classification of decision makers' judgements, calculating numerical values and converting the results into a numerical evaluation of alternatives. Basically, it is about making selections among alternatives under usually conflicting multiple decision criteria.…”

Section: Fuzzy Mcdm Methodsmentioning

confidence: 99%

An Analysis of Job Change Decision Using a Hybrid Mcdm Method: A Comparative Analysis

Yavuz

2016

IJBSR

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<p>This paper investigates the decision process relating to job change which mostly depends on individual’s expectations about a job. Failing to fully understand the factors shaping these expectations leads to dissatisfaction and poor work performance; which produces unwanted consequences for both individuals and businesses. Since job change decision is defined as a multiple criteria decision making (MCDM) problem. This study uses a hybrid approach as a methodology combining fuzzy Analytic Hierarchy Analysis (AHP) and fuzzy TOPSIS (Technique for Order of Preference by Similarity to Ideal Solution) for the job change decision of a faculty working in a university. In this approach, while the use of fuzzy AHP method helps determine the weight of the decision criteria; fuzzy TOPSIS enables the evaluation of the alternatives. In order to investigate the methods’ applicability in multiple dimensions of decision problem space, a comparison analysis is conducted with the three methodologies; fuzzy AHP, fuzzy TOPSIS and the proposed hybrid approach (named fuzzy AHP-TOPSIS) in the same decision making context. Four factors are considered for the comparison: adequacy to changes of criteria or alternatives; agility in the decision process; computational complexity; and the number of criteria and alternatives. Analysis shows that three methods achieve the same results. This verifies their robustness and indicates that MCDM methods are viable in job change decisions. However; comparison analysis shows that based on the four factors; the proposed hybrid fuzzy AHP-TOPSIS method provide more consistent results than fuzzy AHP and fuzzy TOPSIS methods. Thus the proposed hybrid fuzzy AHP-TOPSIS method is more appropriate to use on a wide range of job change decision problems.</p>

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Section: Fuzzy Mcdm Methodsmentioning

confidence: 99%

An Analysis of Job Change Decision Using a Hybrid Mcdm Method: A Comparative Analysis

Yavuz

2016

IJBSR

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Sectorial evaluation of Islamic banking contracts: a fuzzy multi-criteria-decision-making approach

Hachami

Alaoui

Tkiouat

2019

Investment Management and Financial Innovations

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Improving the efficiency and performance of microfinance investments is essential to achieve its objectives in terms of economic and social development. One parameter that influences such a performance is the kind of the activity exercised by the micro-entrepreneurs. The aim of this paper is to provide a decision-making guide to help both microfinance institutions and investors to choose the appropriate Islamic banking contract with respect to each sector of activity. To attain this goal, an Intuitionistic Fuzzy TOPSIS evaluation is conducted in collaboration with Moroccan Islamic finance experts and practitioners. The proposed approach has the advantage to deal with the lack of quantitative historical data, as well as the uncertainty of the decision makers’ judgments. The suggested work will be helpful for the Moroccan participative banks and for the future Islamic microfinance institutions as well.

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Measurement of Level-of-Satisfaction of Decision Maker in Intelligent Fuzzy-MCDM Theory: A Generalized Approach

Cited by 2 publications

References 32 publications

An Analysis of Job Change Decision Using a Hybrid Mcdm Method: A Comparative Analysis

An Analysis of Job Change Decision Using a Hybrid Mcdm Method: A Comparative Analysis

Sectorial evaluation of Islamic banking contracts: a fuzzy multi-criteria-decision-making approach

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