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Combined Compromise for Ideal Solution (CoCoFISo): a multi-criteria decision-making based on the CoCoSo method algorithm

arXiv.org Artificial Intelligence

Each decision-making tool should be tested and validated in real case studies to be practical and fit to global problems. The application of multi-criteria decision-making methods (MCDM) is currently a trend to rank alternatives. In the literature, there are several multi-criteria decision-making methods according to their classification. During our experimentation on the Combined Compromise Solution (CoCoSo) method, we encountered its limits for real cases. The authors examined the applicability of the CoCoFISo method (improved version of combined compromise solution), by a real case study in a university campus and compared the obtained results to other MCDMs such as Preference Ranking Organisation Method for Enrichment Evaluations (PROMETHEE), Weighted Sum Method (WSM) and Technique for Order Preference by Similarity to the Ideal Solution (TOPSIS). Our research finding indicates that CoCoSo is an applied method that has been developed to solve complex multi variable assessment problems, while CoCoFISo can improve the shortages observed in CoCoSo and deliver stable outcomes compared to other developed tools. The findings imply that application of CoCoFISo is suggested to decision makers, experts and researchers while they are facing practical challenges and sensitive questions regarding the utilization of a reliable decision-making method. Unlike many prior studies, the current version of CoCoSo is unique, original and is presented for the first time. Its performance was approved using several strategies and examinations.


A study of the Multicriteria decision analysis based on the time-series features and a TOPSIS method proposal for a tensorial approach

arXiv.org Artificial Intelligence

A number of Multiple Criteria Decision Analysis (MCDA) methods have been developed to rank alternatives based on several decision criteria. Usually, MCDA methods deal with the criteria value at the time the decision is made without considering their evolution over time. However, it may be relevant to consider the criteria' time series since providing essential information for decision-making (e.g., an improvement of the criteria). To deal with this issue, we propose a new approach to rank the alternatives based on the criteria time-series features (tendency, variance, etc.). In this novel approach, the data is structured in three dimensions, which require a more complex data structure, as the \textit{tensors}, instead of the classical matrix representation used in MCDA. Consequently, we propose an extension for the TOPSIS method to handle a tensor rather than a matrix. Computational results reveal that it is possible to rank the alternatives from a new perspective by considering meaningful decision-making information.


A Multi-criteria neutrosophic group decision making metod based TOPSIS for supplier selection

arXiv.org Artificial Intelligence

The process of multiple criteria decision making (MCDM) is of determining the best choice among all of the probable alternatives. The problem of supplier selection on which decision maker has usually vague and imprecise knowledge is a typical example of multi criteria group decision-making problem. The conventional crisp techniques has not much effective for solving MCDM problems because of imprecise or fuzziness nature of the linguistic assessments. To find the exact values for MCDM problems is both difficult and impossible in more cases in real world. So, it is more reasonable to consider the values of alternatives according to the criteria as single valued neutrosophic sets (SVNS). This paper deal with the technique for order preference by similarity to ideal solution (TOPSIS) approach and extend the TOPSIS method to MCDM problem with single valued neutrosophic information. The value of each alternative and the weight of each criterion are characterized by single valued neutrosophic numbers. Here, the importance of criteria and alternatives is identified by aggregating individual opinions of decision makers (DMs) via single valued neutrosophic weighted averaging (IFWA) operator. The proposed method is, easy use, precise and practical for solving MCDM problem with single valued neutrosophic data. Finally, to show the applicability of the developed method, a numerical experiment for supplier choice is given as an application of single valued neutrosophic TOPSIS method at end of this paper.