AN APPLICATION OF HYBRID FUZZY MULTI-CRITERIA DECISION-MAKING METHOD ON A LOCATION-SELECTION PROBLEM

Authors

KOLÁČEK Michal MATULOVÁ Markéta

Year of publication 2018
Type Article in Proceedings
Conference Proceedings of the International Scientific Conference QUANTITATIVE METHODS IN ECONOMICS Multiple Criteria Decision Making XIX
MU Faculty or unit

Faculty of Economics and Administration

Citation
Web http://www.fhi.sk/files/katedry/kove/ssov/proceedings/Zbornik2018.pdf
Keywords AHP; fuzzy numbers; TOPSIS; multi-criteria decision-making under uncertainty.
Description In this paper we present a useful tool for multi-criteria decision making under uncertainty. The proposed approach involves several steps: identification of potential alternatives, determination of decision criteria, application of fuzzy theory to quantify criteria values under uncertainty and evaluation of alternatives with a hybrid method combining fuzzy TOPSIS and fuzzy AHP. We apply the proposed method in the case study of the construction of a decision making framework for the selection of the best location for organizing a conference.
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