TOPSIS for MODM

Lai, Young-Jou; Liu, Ting-Yun; Hwang, Ching-Lai

doi:10.1016/0377-2217(94)90282-8

Cited by 890 publications

(431 citation statements)

References 11 publications

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“…Another distance-based MCDM method is the TOPSIS method, which determines a solution of the shortest distance from the ideal solution and the farthest distance from the negative-ideal solution, but its drawback is that it does not give information of the relative importance between these two distances [47,48]. Kaya and Kahraman [49] used modified fuzzy TOPSIS method for the selection of best energy technology, and Ş engül et al [5] used this technique for the ranking of renewable energy supply.…”

Section: Literature Reviewmentioning

confidence: 99%

Selection of Best Renewable Energy Source by Using VIKOR Method

Kumar

Samuel

2017

Technol Econ Smart Grids Sustain Energy

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The increasing global demand for the sustainable development of electricity sectors increased the contribution of renewable energy sources (RESs). RESs give the flexibility to install generation units at demand areas and reduce transmission and distribution losses. Selection of appropriate RES is more strategic and decisive area. This is a complex multi-criteria decision making (MCDM) problem of having uncertain and conflicting factors. In this work, we used the recently developed MCDM technique VIKOR method to choose best appropriate RES alternative for installation at Banaras Hindu University (BHU) campus, India. The advantage of VIKOR method is to have a solution closest to the ideal solution having an acceptable compromise of conflicting and non-commensurable criteria. For assigning weights to the different criteria, we used analytical hierarchy process (AHP). The importance of different criteria has been assigned by decision-makers based on their preferences. The result shows that the wind turbine option is the best choice for the case of BHU campus.

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Section: Literature Reviewmentioning

confidence: 99%

Selection of Best Renewable Energy Source by Using VIKOR Method

Kumar

Samuel

2017

Technol Econ Smart Grids Sustain Energy

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“…TOPSIS evaluates the alternatives based on the geometric distance between each alternative and the ideal alternative. The best alternative has the longest geometric distance from the negative ideal solution and the shortest geometric distance from the positive ideal solution (Hwang and Yoon 1981;Lai et al 1994;Yoon 1980). As shown in Fig.…”

Section: Technique Of Order Preference Similarity To the Ideal Solutimentioning

confidence: 99%

Analysis of MCDM methods output coherence in oil and gas portfolio prioritization

Qaradaghi

Deason

2017

J Petrol Explor Prod Technol

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This research paper aims at developing a triplex multi-criteria decision model to achieve an optimum allocation of resources to a portfolio of oilfields based on a number of criteria that pertain to the oilfields' technical and contextual characteristics. It also offers an approach for validating the prioritization results generated by the methods used through a two-dimensional test that compares the internal and external prioritization stability of three multi-criteria decision making (MCDM) methods against a conventional Intuitive approach. The MCDM methods used include Analytic Hierarchy Process (AHP), Preference Ranking Organization METHod for Enriched Evaluation (PROMETHEE), and Technique of Order Preference Similarity to the Ideal Solution (TOPSIS). The internal and external consistency testing results are outlined in nine possible scenarios through which a conclusion is derived confirming the competitive advantage of MCDM methods.

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“…TOPSIS ilk olarak Hwang ve Yoon [7] tarafından önerilmiş, Lai ve arkadaşları [15] ile Yoon ve Hwang [16] tarafından geliştirilmiştir. TOPSIS yöntemiyle elde edilen en iyi çözüm; ideal çözüme en yakın, aynı zamanda antiideal çözüme de en uzak olan alternatiftir.…”

Section: Topsis Yöntemi̇ (Topsis Technique)unclassified