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TOPSIS Method for Decision Making by MonibaKhan is a document available to read on EtoBox.
What is TOPSIS Method for Decision Making about?
The TOPSIS method is a multi-criteria decision making technique that chooses the alternative that is closest to the ideal solution and farthest from the negative ideal solution. It involves 5 steps: 1) constructing a normalized decision matrix, 2) determining ideal and negative ideal solutions, 3) calculating separation measures from each solution, 4) calculating relative closeness to the ideal solution, and 5) choosing the alternative with the highest closeness score. When applied to an example of choosing
- Author
- MonibaKhan
- Language
- EN