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Multi-Criteria Decision Making

Fuzzy TOPSIS Software for Easy Multi-Criteria Decision Making – Excel and MATLAB

Data Harnesing website has introduced TOPSIS Fuzzy software for the first time, which is available in both Excel and MATLAB environments. There is no restriction on the number of criteria and options that can be evaluated. The software comes with accompanying training files in the relevant package to make it …

DANP (DEMATEL-based analytic network process) method

Fuzzy DANP (DEMATEL-based ANP) Method or Fuzzy DEMATEL-based ANP, is essentially the same as the Fuzzy ANP method, where internal relationships are determined based on the Fuzzy DEMATEL method. In the classical Fuzzy Analytic Network Process (ANP) method, internal relationships were determined based on expert opinions. However, later methods were …

Fuzzy Analytic Network Process (FANP) Method – Simple Example

In the realm of multi-criteria decision-making, the Fuzzy Analytic Network Process (FANP) method stands out as a comprehensive and versatile technique. FANP empowers decision-makers to delve into the intricate web of relationships among factors while embracing the inherent uncertainty inherent in expert judgments. Within the framework of the Fuzzy Network …

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 …

Fuzzy Analytic Hierarchy Process (Fuzzy AHP) – With Example

The Fuzzy Analytic Hierarchy Process, often abbreviated as Fuzzy AHP, is a robust decision-making method that introduces a layer of fuzziness to the traditional Analytic Hierarchy Process (AHP). This enhancement allows decision-makers to handle imprecise or uncertain data, making it a valuable tool in situations where clarity may be lacking. …

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, …