Multi-Criteria Decision Making

TOPSIS in Excel with Example

TOPSIS, or Technique for Order Preference by Similarity, is one of the MADM methods that can solve three-level problems. When we say a three-level problem, we mean a problem with a goal, criteria, and alternatives. You can see the structure of a three-level problem in this slide. We have four …

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Fuzzy TOPSIS Method with a Simple Example

Fuzzy Technique for Order of Preference by Similarity to Ideal Solution (Fuzzy TOPSIS) is a decision-making method used in multi-criteria analysis to evaluate and rank alternatives when dealing with uncertain or imprecise information. Developed by Hwang and Yoon in 1981, Fuzzy TOPSIS has found applications in various fields, including engineering, …

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