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A combined compromise solution (CoCoSo) method for multi-criteria decision-making problems.
- Source :
- Management Decision; 2019, Vol. 57 Issue 9, p2501-2519, 19p
- Publication Year :
- 2019
-
Abstract
- Purpose: The purpose of this paper is to discuss the advantage of a combinatory methodology presented in this study. The paper suggests that the comparison with results of previously developed methods is in high agreement. Design/methodology/approach: This paper introduces a combined compromise decision-making algorithm with the aid of some aggregation strategies. The authors have considered a distance measure, which originates from grey relational coefficient and targets to enhance the flexibility of the results. Hence, the weight of the alternatives is placed in the decision-making process with three equations. In the final stage, an aggregated multiplication rule is employed to release the ranking of the alternatives and end the decision process. Findings: The authors described a real case of choosing logistics and transportation companies in France from a supply chain project. Some comparisons such as sensitivity analysis approach and comparing to other studies and methods provided to validate the performance of the proposed algorithm. Originality/value: The algorithm has a unique structure among MCDM methods which is presented for the first time in this paper. [ABSTRACT FROM AUTHOR]
- Subjects :
- DECISION making
FUZZY sets
SENSITIVITY analysis
TRANSPORTATION
SUPPLY chains
Subjects
Details
- Language :
- English
- ISSN :
- 00251747
- Volume :
- 57
- Issue :
- 9
- Database :
- Complementary Index
- Journal :
- Management Decision
- Publication Type :
- Academic Journal
- Accession number :
- 139139629
- Full Text :
- https://doi.org/10.1108/MD-05-2017-0458