Similarity of TOPSIS results based on criterion variability: Case study on public economic

In the real world, acceptance of a decision is conditional on the availability of a great volume of data. Selection of a suitable solution on the basis of this data represents a problem that multi-criterial methods (MCDM) are applied to. The issue of which of these should be favoured during their us...

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Main Authors: Roman Vavrek, Jiří Bečica
Format: Article
Language:English
Published: Public Library of Science (PLoS) 2022-01-01
Series:PLoS ONE
Online Access:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9352064/?tool=EBI
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author Roman Vavrek
Jiří Bečica
author_facet Roman Vavrek
Jiří Bečica
author_sort Roman Vavrek
collection DOAJ
description In the real world, acceptance of a decision is conditional on the availability of a great volume of data. Selection of a suitable solution on the basis of this data represents a problem that multi-criterial methods (MCDM) are applied to. The issue of which of these should be favoured during their use involves a specification of the importance of the assessed criteria. The goal of the presented research is to quantify the differences (symmetry) in assessment using selected MCDM methods (Technique for Order of Preference by Similarity to Ideal Solution–TOPSIS), while applying an absolute and relative variability of the assessed criteria to a determination of their importance. The obtained results indicate that the order of the assessed subject (alternative) is not directly influenced by the method of determining the variability of the assessed criteria. We can also state that the degree of concurrence in the order of application of the TOPSIS technique, in combination with both approaches expressed by the Jaccard index, is relatively low.
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spelling doaj.art-0649154c2c69426da4def7d4a9b86d602022-12-22T04:01:45ZengPublic Library of Science (PLoS)PLoS ONE1932-62032022-01-01178Similarity of TOPSIS results based on criterion variability: Case study on public economicRoman VavrekJiří BečicaIn the real world, acceptance of a decision is conditional on the availability of a great volume of data. Selection of a suitable solution on the basis of this data represents a problem that multi-criterial methods (MCDM) are applied to. The issue of which of these should be favoured during their use involves a specification of the importance of the assessed criteria. The goal of the presented research is to quantify the differences (symmetry) in assessment using selected MCDM methods (Technique for Order of Preference by Similarity to Ideal Solution–TOPSIS), while applying an absolute and relative variability of the assessed criteria to a determination of their importance. The obtained results indicate that the order of the assessed subject (alternative) is not directly influenced by the method of determining the variability of the assessed criteria. We can also state that the degree of concurrence in the order of application of the TOPSIS technique, in combination with both approaches expressed by the Jaccard index, is relatively low.https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9352064/?tool=EBI
spellingShingle Roman Vavrek
Jiří Bečica
Similarity of TOPSIS results based on criterion variability: Case study on public economic
PLoS ONE
title Similarity of TOPSIS results based on criterion variability: Case study on public economic
title_full Similarity of TOPSIS results based on criterion variability: Case study on public economic
title_fullStr Similarity of TOPSIS results based on criterion variability: Case study on public economic
title_full_unstemmed Similarity of TOPSIS results based on criterion variability: Case study on public economic
title_short Similarity of TOPSIS results based on criterion variability: Case study on public economic
title_sort similarity of topsis results based on criterion variability case study on public economic
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9352064/?tool=EBI
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AT jiribecica similarityoftopsisresultsbasedoncriterionvariabilitycasestudyonpubliceconomic