The conversion of cost and benefit criteria in the TOPSIS method
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F12%3A55470" target="_blank" >RIV/60460709:41110/12:55470 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
The conversion of cost and benefit criteria in the TOPSIS method
Original language description
Multiple attribute decision making (MADM) models involve both cost and benefit criteria. However, it is convenient to unify criteria type; this means to convert the cost criteria into benefit criteria or vice versa. There are several procedures for criteria type conversion. Unfortunately, these procedures are usually outside of the MADM methods? algorithms and some combinations of criteria type conversion method and the MADM method provide incorrect results. We focus on the method ?Technique for Order Preference by Similarity to Ideal Solution? (TOPSIS method) and the subtraction-based conversion procedure, which converts criterion type using the differences between criterion values and the maximum value in the criterion column. We find that this widely used procedure for criteria conversion can completely distort the results of the analysis. In this paper we suggest a new subtraction-based conversion procedure that is possible to combine with the TOPSIS method and receive correct resu
Czech name
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Czech description
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Classification
Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
BB - Applied statistics, operational research
OECD FORD branch
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Result continuities
Project
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Continuities
Z - Vyzkumny zamer (s odkazem do CEZ)
Others
Publication year
2012
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
International Journal of Applied Decision Sciences
ISSN
1755-8077
e-ISSN
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Volume of the periodical
5
Issue of the periodical within the volume
4
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
13
Pages from-to
329-341
UT code for WoS article
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EID of the result in the Scopus database
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