An OWA-TOPSIS method for multiple criteria decision analysis

  • Authors:
  • Ye Chen;Kevin W. Li;Si-Feng Liu

  • Affiliations:
  • College of Economics and Management, Nanjing University of Aeronautics and Astronautics, Najing, Jiangsu 210016, China;Odette School of Business, University of Windsor, Windsor, Ontario, Canada N9B 3P4;College of Economics and Management, Nanjing University of Aeronautics and Astronautics, Najing, Jiangsu 210016, China

  • Venue:
  • Expert Systems with Applications: An International Journal
  • Year:
  • 2011

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Abstract

A hybrid approach integrating OWA (Ordered Weighted Averaging) aggregation into TOPSIS (technique for order performance by similarity to ideal solution) is proposed to tackle multiple criteria decision analysis (MCDA) problems. First, the setting of extreme points (ideal and anti-ideal points) in TOPSIS is redefined and extended for handling the multiple extreme points situation where a decision maker (DM) or multiple DMs can provide more than one pair of extreme points. Next, three different aggregation schemes are designed to integrate OWA into the TOPSIS analysis procedure. A numerical example is provided to demonstrate the proposed approach and the results are compared for different aggregation settings and confirm the robustness of rankings from different scenarios.