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A Method Based on SMAA-Topsis for Stochastic Multi-Criteria Decision Making and a Real-World Application

Author

Listed:
  • Deniz Okul

    (Department of Operations Research, Defence Science Institute, Turkish Military Academy, Bakanlıklar/Ankara, 06120, Turkey)

  • Cevriye Gencer

    (Department of Industrial Engineering, Faculty of Engineering, Gazi University, Maltepe/Ankara, 06570, Turkey)

  • Emel Kizilkaya Aydogan

    (Department of Industrial Engineering, Faculty of Engineering, Erciyes University, Melikgazi/Kayseri, 38039, Turkey)

Abstract

Stochastic multi-criteria acceptability analysis (SMAA-2) and the technique for order preference by similarity to ideal solution (TOPSIS) are methods for evaluating alternatives with multiple criteria. SMAA is a method that is used for solving multi-criteria decision-making problems with uncertain, inaccurate information, and does not require preference information from the decision makers. The TOPSIS method is based on the principle of determining a solution with the shortest distance to the ideal solution and the greatest distance from the negative-ideal solution. This paper proposes a new method, SMAA-TOPSIS, by combining the SMAA and TOPSIS methods. The SMAA-TOPSIS method was executed for two problems: drug benefit-risk analysis and machine gun selection. This paper found that TOPSIS could be used with uncertain and arbitrarily distributed values for weights and criteria measurements by using a combination of SMAA and TOPSIS. Also, we obtained clearer and consistent SMAA outputs.

Suggested Citation

  • Deniz Okul & Cevriye Gencer & Emel Kizilkaya Aydogan, 2014. "A Method Based on SMAA-Topsis for Stochastic Multi-Criteria Decision Making and a Real-World Application," International Journal of Information Technology & Decision Making (IJITDM), World Scientific Publishing Co. Pte. Ltd., vol. 13(05), pages 957-978.
    • Handle: RePEc:wsi:ijitdm:v:13:y:2014:i:05:n:s0219622014500175
    DOI: 10.1142/S0219622014500175
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    References listed on IDEAS

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    1. JosÉ Figueira & Salvatore Greco & Matthias Ehrogott, 2005. "Multiple Criteria Decision Analysis: State of the Art Surveys," International Series in Operations Research and Management Science, Springer, number 978-0-387-23081-8, April.
    2. repec:dgr:rugsom:10001 is not listed on IDEAS
    3. Hillege, H.L. & Buskens, E. & Postmus, D. & Tervonen, T., 2010. "A state-of-the-art multi-criteria model for drug benefit-risk analysis," Research Report 10001, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
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