About: The conversion of cost and benefit criteria in the TOPSIS method

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rdf:type	skos:Concept http://linked.opendata.cz/ontology/domain/vavai/Vysledek
Description	Multiple attribute decision making (MADM) models involve both cost and benefit criteria. However, it is convenient to unify criteria type; this means to convert the cost criteria into benefit criteria or vice versa. There are several procedures for criteria type conversion. Unfortunately, these procedures are usually outside of the MADM methods’ algorithms and some combinations of criteria type conversion method and the MADM method provide incorrect results. We focus on the method “Technique for Order Preference by Similarity to Ideal Solution” (TOPSIS method) and the subtraction-based conversion procedure, which converts criterion type using the differences between criterion values and the maximum value in the criterion column. We find that this widely used procedure for criteria conversion can completely distort the results of the analysis. In this paper we suggest a new subtraction-based conversion procedure that is possible to combine with the TOPSIS method and receive correct results. Multiple attribute decision making (MADM) models involve both cost and benefit criteria. However, it is convenient to unify criteria type; this means to convert the cost criteria into benefit criteria or vice versa. There are several procedures for criteria type conversion. Unfortunately, these procedures are usually outside of the MADM methods’ algorithms and some combinations of criteria type conversion method and the MADM method provide incorrect results. We focus on the method “Technique for Order Preference by Similarity to Ideal Solution” (TOPSIS method) and the subtraction-based conversion procedure, which converts criterion type using the differences between criterion values and the maximum value in the criterion column. We find that this widely used procedure for criteria conversion can completely distort the results of the analysis. In this paper we suggest a new subtraction-based conversion procedure that is possible to combine with the TOPSIS method and receive correct results. (en)
Title	The conversion of cost and benefit criteria in the TOPSIS method The conversion of cost and benefit criteria in the TOPSIS method (en)
skos:prefLabel	The conversion of cost and benefit criteria in the TOPSIS method The conversion of cost and benefit criteria in the TOPSIS method (en)
skos:notation	RIV/60460709:41110/12:55470!RIV13-MSM-41110___
http://linked.open...avai/riv/aktivita	Z
http://linked.open...avai/riv/aktivity	Z(MSM6046070904)
http://linked.open...iv/cisloPeriodika	4
http://linked.open...vai/riv/dodaniDat	2013
http://linked.open...aciTvurceVysledku	Houška, Milan Houšková Beránková, Martina Dömeová, Ludmila
http://linked.open.../riv/druhVysledku	J - Článek v odborném periodiku
http://linked.open...iv/duvernostUdaju	S - Úplné a pravdivé údaje nepodléhající ochraně podle zvláštních právních předpisů
http://linked.open...titaPredkladatele	Česká zemědělská univerzita v Praze / Provozně ekonomická fakulta
http://linked.open...dnocenehoVysledku	128755
http://linked.open...ai/riv/idVysledku	RIV/60460709:41110/12:55470
http://linked.open...riv/jazykVysledku	eng - angličtina
http://linked.open.../riv/klicovaSlova	Multi-Criteria Decision Making, Multiple Attribute Decision Making, TOPSIS Method, Criteria Type Conversion, Cost Criterion, Benefit Criterion, Criteria Weights, Ideal Solution, Negative-ideal Solution, Euclidean Distance. (en)
http://linked.open.../riv/klicoveSlovo	Benefit Criterion Cost Criterion Criteria Type Conversion Criteria Weights Euclidean Distance. Ideal Solution Multi-Criteria Decision Making Multiple Attribute Decision Making Negative-ideal Solution TOPSIS Method
http://linked.open...odStatuVydavatele	CZ - Česká republika
http://linked.open...ontrolniKodProRIV	[5F0A5BB4C5A1]
http://linked.open...i/riv/nazevZdroje	International Journal of Applied Decision Sciences
http://linked.open...in/vavai/riv/obor	BB
http://linked.open...ichTvurcuVysledku	3 (xsd:int)
http://linked.open...cetTvurcuVysledku	3 (xsd:int)
http://linked.open...UplatneniVysledku	2012
http://linked.open...v/svazekPeriodika	5
http://linked.open...iv/tvurceVysledku	Dömeová, Ludmila Houška, Milan Houšková Beránková, Martina
http://linked.open...ain/vavai/riv/wos	0
http://linked.open...n/vavai/riv/zamer	Information and knowledge support of strategic management
issn	1755-8077
number of pages	13 (xsd:int)
http://localhost/t...ganizacniJednotka	41110

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