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Project Selection By Using A Fuzzy Topsis Technique

descriptionPublicationkeyboard_double_arrow_right Article 20 Apr 2008 English Publisher:Zenodo

Authors: M. Salehi; R. Tavakkoli-Moghaddam;

doi: 10.5281/zenodo.1327468 , 10.5281/zenodo.1327467

Project Selection By Using A Fuzzy Topsis Technique

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Abstract

Selection of a project among a set of possible alternatives is a difficult task that the decision maker (DM) has to face. In this paper, by using a fuzzy TOPSIS technique we propose a new method for a project selection problem. After reviewing four common methods of comparing investment alternatives (net present value, rate of return, benefit cost analysis and payback period) we use them as criteria in a TOPSIS technique. First we calculate the weight of each criterion by a pairwise comparison and then we utilize the improved TOPSIS assessment for the project selection.

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