An Assessment of Objectivity Convergence of Fuzzy TOPSIS Method Extended With Rank Order Weights in Group Decision Making

Authors

  • Ayan Chattopadhyay Associate Professor, Army Institute of Management, Kolkata, India
  • Upasana Bose Independent Researcher, Army Institute of Management, Kolkata, India

DOI:

https://doi.org/10.51983/ajms-2018.7.3.1347

Keywords:

MCDM, Fuzzy TOPSIS, Rank Order Centroid, Rank Sum, Rank Reciprocal

Abstract

Group decision making in a multi criteria environment is a familiar business situation where the decision makers identify an ideal choice, among many. The situation gets complex when decision makers do not have crisp data to deal with. The fuzzy TOPSIS method, and its likes, provides solution to such problems and the criteria weight plays a determinant role in the overall priority estimation. This paper presents an extended fuzzy TOPSIS approach by incorporating criteria weights derived from rank order. It considers three criteria weights; the rank order centroid, rank sum and rank reciprocal weights. The criteria weights are calculated separately and integrated with fuzzy TOPSIS method to rank choices. Finally, objectivity convergence of the alternative rankings is tested. The proposed method yields a fairly uniform and consistent result in the case of supply chain management and anticipates wide application in multi criteria environment, concomitant with uncertainty and vagueness.

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Published

05-11-2018

How to Cite

Chattopadhyay, A., & Bose, U. (2018). An Assessment of Objectivity Convergence of Fuzzy TOPSIS Method Extended With Rank Order Weights in Group Decision Making. Asian Journal of Managerial Science, 7(3), 26–33. https://doi.org/10.51983/ajms-2018.7.3.1347