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A Study On Evaluation Metrics For Multi Criteria Decision Making (mcdm) Methods - Topsis, Copras & Gra


Author(s): A. Martin , T. Miranda Lakshmi,V. Prasanna Venkatesan
Affiliation: Assistant Prof., Dept. of Computer Science, Central University of Tamil Nadu, Thiruvarur
Year of Publication: 2018
Source: International Journal of Computing Algorithm
     
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Citation: A. Martin, T. Miranda Lakshmi,V. Prasanna Venkatesan. "A Study On Evaluation Metrics For Multi Criteria Decision Making (mcdm) Methods - Topsis, Copras & Gra." International Journal of Computing Algorithm 7.1 (2018): 29-37.

Abstract:
Metrics are units of measurement. It is frequently used to mean a set of specific measurements taken on a particular process. They are very important to estimate the performance of any application. In this study, Multi Criteria Decision Making MCDM methods such as Technique for Order of Preference by Similarity to Ideal Solution TOPSIS, Complex Proportional Assessment COPRAS and Grey Relational Analysis GRA are taken into consideration. MCDM methods are applied to solve decision problems with different number of conflicting criteria. Generally these techniques are evaluated using the parameters such as time complexity, space complexity, sensitivity analysis and rank reversal. In addition to these existing evaluation parameters two new evaluation parameters such as rank occurrence and repeated ranking are designed. Hence metrics are designed for these evaluation parameters.


Keywords Multi Criteria Decision Making MCDM, TOPSIS, COPRAS, GRA, Evaluation Metrics, Estimation, sensitivity analysis, rank reversal, teacher’s evaluation


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@article{ASt1893123, author = {A. Martin,T. Miranda Lakshmi,V. Prasanna Venkatesan}, title = {A Study On Evaluation Metrics For Multi Criteria Decision Making (mcdm) Methods - Topsis, Copras & Gra}, journal={International Journal of Computing Algorithm}, volume={7}, issue={1}, issn = {2278-2397}, year = {2018}, publisher = {Scholarly Citation Index Analytics-SCIA}

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  • [4] Chakraborty T. A MCDM-NBO Approach for Selection of Installation Location for Wave Energy Power Plants. InApplication of Geographical Information Systems and Soft Computation Techniques in Water and Water Based Renewable Energy Problems 2018 pp. 121-140. Springer, Singapore.
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  • [9] Kumar A, Sah B, Singh AR, Deng Y, He X, Kumar P, Bansal RC. A review of multi criteria decision making MCDM towards sustainable renewable energy development. Renewable and Sustainable Energy Reviews. 2017 Mar 31;69:596-609.
  • [10] Valipour A, Yahaya N, Md Noor N, Antuchevičienė J, Tamošaitienė J. Hybrid SWARA-COPRAS method for risk assessment in deep foundation excavation project: an Iranian case study. Journal of Civil Engineering and Management. 2017 May 19;234:524-32.
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