Multi-criteria Decision Making Models using Fuzzy TOPSIS Technique

Parida, P. K.; Sahoo, Sushil Kumar; Behera, Bibek

doi:10.22147/jusps-a/280507

Cited by 6 publications

(5 citation statements)

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“…In the study of the level of the knowledge-based economy at different levels of aggregation (countries, macro-regions, and EU regions), the TOPSIS method (Technique for Order Preference by Similarity to an Ideal Solution) developed by Hwang and Yoon [54] was used. It derives from the family of multi-criteria decision-making methods (MCDA) [55][56][57][58][59], but it can be successfully used for the linear ordering of multi-chain objects [60][61][62].…”

Section: Methodsmentioning

confidence: 99%

Competitiveness of the Regions of the European Union in a Sustainable Knowledge-Based Economy

2022

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The aim of the article is to analyze the level of the knowledge-based economy (KBE) in the European Union countries in terms of sustainable development. The added value of the work is the presentation of research results at different levels of data aggregation (EU countries, EU macro-regions, EU regions). This type of approach was used for the first time in this study. The research assumes that knowledge and skills are one of the basic factors in implementing the concept of sustainable development. Currently, there are very large disproportions at the level of KBE in the countries, macro-regions, and regions of the EU. It also translates into their socio-economic situation and thus into competitiveness and innovation. The highest level of KBE is in north-western and central Europe countries, while the lowest is in the countries of eastern and south-eastern Europe. This regularity also applies to macro-regions and regions located in these countries.

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Section: Methodsmentioning

confidence: 99%

Competitiveness of the Regions of the European Union in a Sustainable Knowledge-Based Economy

2022

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“…One of the multivariate statistical analysis methodsthe TOPSIS methodwas used to classify the EU countries in poverty and social exclusion. The TOPSIS method, i.e., Technique for Order Preference by Similarity to an Ideal Solution, proposed and described by Hwang and Yoon in 1981, belongs to multi-criteria decision-making methods (Yoon and Kim 2017;Parida and Sahoo, 2013;Roszkowska, 2019). The TOPSIS procedure used for the linear ordering of multidimensional objects takes place in seven steps.…”

Section: Methodsmentioning

confidence: 99%

Poverty and Social Exclusion in the Context of the Implementation of the Sustainable Development Goals

Bąk¹,

Perzyńska²

2021

ERSJ

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Purpose: The article aims to analyze the differentiation in poverty and social exclusion in the European Union countries between 2010 and 2018. The empirical research was based on a database of sustainable development indicators, from which indicators describing poverty and social exclusion were selected. Design/Methodology/Approach: The research used one of the taxonomic methodsthe TOPSIS method, based on which countries were divided into four classes characterized by a similar level of poverty and social exclusion. Findings: The research results show that the highest level of poverty and social exclusion (at least 20th place in the rankings) was recorded mainly in the EU countries after 2004, except for Greece and Portugal. On the other hand, Finland had the lowest level of poverty and social exclusion in 2010 (in 2018, it was ranked second), and in 2018 the Chech Republic, which, compared to 2010, moved up by four positions in the ranking. Practical Implications: The presented research results are essential for developing a policy of eradicating poverty and social exclusion. Well-functioning social protection systems can have a stabilizing effect on the economy and promote socio-economic equality. Originality/Value: The article contributes to the most current European and world scientific discussions on the need to eliminate poverty and social exclusion, which are some of the world's most severe social problems.

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“…Steps for the preparation of TOPSIS [6] in general as follows: a. Make a decision matrix for alternatives (m) and criterion (n) into a matrix, where xij is a choice measurement of the i-th alternative and the j-th criterion.…”

Section: A Topsis Methods Proceduresmentioning

confidence: 99%

The Factor Analysis That Has Significant Influence on The Timing of Implementation of Infrastructure Development LRT (Light Rail Transit) Projects in Jabodebek

Fahmi¹

2017

IJOE

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AbstractJakarta Bogor Depok Light Rail Transit or abbreviated as LRT Jabodebek is a Mass Transit system with light rail (LRT) which is planned to be built in Jakarta, Indonesia and connecting Jakarta with surrounding cities like Bekasi and Bogor. One of the most important problem in the construction of this Jabodebek LRT is the delay in implementation time.This study aims to determine the factors that have a significant influence on the timing of the implementation on Jabodebek LRT. This research used descriptive method. The instruments that used in data collection is through questionnaire technique (questionnaire). This research will discuss about the application of the TOPSIS method in classifying which factors are the most significant to the time of construction on Jabodebek LRT. The weighting critriea and the classification criteria using Topsis.The results of this study indicate that land handover aspect is the first rank to be considered as the main factor causing project delay with preference value 0.9. The second aspect is the preparation of a good work plan with a preference value of 0.82. The third aspect is the selection of improper construction methods with the preference value of 0.8 and the fourth aspect which is not less important to be considered is the funding aspect of the project activity with the preference value 0.79. The author recommends that the decision makers should consider these aspects so that project implementation time can be well controlled so that there is no delay to know which factor is the most significant with respect to time in the implementation time of the project Jabodebek LRT.

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Multi-criteria Decision Making Models using Fuzzy TOPSIS Technique

Abstract: The aim of this research paper is to derive the solution of a problem related to flux condition involving the multivariable H-function.

Cited by 6 publications

References 0 publications

Competitiveness of the Regions of the European Union in a Sustainable Knowledge-Based Economy

Competitiveness of the Regions of the European Union in a Sustainable Knowledge-Based Economy

Poverty and Social Exclusion in the Context of the Implementation of the Sustainable Development Goals

The Factor Analysis That Has Significant Influence on The Timing of Implementation of Infrastructure Development LRT (Light Rail Transit) Projects in Jabodebek

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