2019
DOI: 10.3390/math7070614
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A Novel Coordinated TOPSIS Based on Coefficient of Variation

Abstract: Coordinated Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) is a significant improvement of TOPSIS, which take into account the coordination level of attributes in the decision-making or assessment. However, in this study, it is found that the existing coordinated TOPSIS has some limitations and problems, which are listed as follows. (1) It is based on modified TOPSIS, not the original TOPSIS. (2) It is inapplicable when using vector normalization. (3) The calculation formulas of the co… Show more

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Cited by 38 publications
(17 citation statements)
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“…Although this scoring mechanism is a certain objective and realistic subjective judgment for the evaluation, it has human subjective factors and is relatively suitable for qualitative indexes. For quantitative indexes, CV is another statistic that can objectively reflect the change of indicator value and measure the variation degree of each observation value in the data 27 , 29 . It can be used to calculate the influence degree of each factor and the objective weight.…”
Section: Discussionmentioning
confidence: 99%
“…Although this scoring mechanism is a certain objective and realistic subjective judgment for the evaluation, it has human subjective factors and is relatively suitable for qualitative indexes. For quantitative indexes, CV is another statistic that can objectively reflect the change of indicator value and measure the variation degree of each observation value in the data 27 , 29 . It can be used to calculate the influence degree of each factor and the objective weight.…”
Section: Discussionmentioning
confidence: 99%
“…Although this scoring mechanism is a certain objective and realistic subjective judgment for the evaluation, it has human subjective factors and is relatively suitable for qualitative indexes. For quantitative indexes, CV is another statistic that can objectively reflect the change of indicator value and measure the variation degree of each observation value in the data (Chen et al 2019;Chen 2019). It can be used to calculate the influence degree of each factor and the objective weight.…”
Section: Discussionmentioning
confidence: 99%
“…One is the subjective weight method that the index weights are given through the experience of decision makers, such as AHP, FAHP, and Delphi [18][19][20]. e other is the objective weighting method that the index weights are determined by the amount of index information in the evaluation, such as the entropy method, DDP, and variation coefficient method [21][22][23]. However, both the subjective weight method and the objective weight method are difficult to fully reflect the importance of the index in the actual analysis process.…”
Section: Index Weight Calculationmentioning
confidence: 99%
“…e TOPSIS is selected because of simple principle, easy understanding, and strong capacity to integrate other methods [23]. It can well reflect the position distance between the alternative scheme and the positive and negative ideal scheme.…”
Section: Decision Value Calculationmentioning
confidence: 99%