A simulation comparison of normalization procedures for TOPSIS

Chakraborty, Subrata and Yeh, Chung-Hsing (2009) A simulation comparison of normalization procedures for TOPSIS. In: 2009 International Conference on Computers & Industrial Engineering, 6-9 July 2009, Troyes, France.

Abstract

Multiattribute decision making (MADM) uses a normalization procedure to transform performance ratings with different data measurement units in a decision matrix into a compatible unit. MADM methods generally use one particular normalization procedure without justifying its suitability. The technique for order preference by similarity to ideal solution (TOPSIS) is one of the most popular and widely applied MADM methods. This study compares four commonly known normalization procedures in terms of their ranking consistency and weight sensitivity when used with TOPSIS to solve the general MADM problem with various decision settings. The comparison study is validated using two performance measures: ranking consistency and weight sensitivity. A large number of MADM problems with varying attributes and alternatives are generated using a new simulation technique. The study results justify the use of the vector normalization procedure for TOPSIS and provide suggestive insights for using other normalization procedures in certain decision settings.


Statistics for USQ ePrint 27913
Statistics for this ePrint Item
Item Type: Conference or Workshop Item (Commonwealth Reporting Category E) (Paper)
Refereed: Yes
Item Status: Live Archive
Additional Information: Files associated with this item cannot be displayed due to copyright restrictions.
Faculty / Department / School: Historic - Faculty of Business - School of Management and Marketing
Date Deposited: 24 May 2016 06:01
Last Modified: 25 May 2016 02:54
Uncontrolled Keywords: MADM; normalization ranking consistency; TOPSIS; weight sensitivity
Fields of Research : 08 Information and Computing Sciences > 0806 Information Systems > 080605 Decision Support and Group Support Systems
Socio-Economic Objective: E Expanding Knowledge > 97 Expanding Knowledge > 970108 Expanding Knowledge in the Information and Computing Sciences
Identification Number or DOI: 10.1109/ICCIE.2009.5223811
URI: http://eprints.usq.edu.au/id/eprint/27913

Actions (login required)

View Item Archive Repository Staff Only