Minimizing Environmental Risks Using Fuzzy TOPSIS: Location Selection for the ITU Faculty of Management

ABSTRACT Environmental risk is a measure of potential threats to the environment and combines the probability that events will cause or lead to degradation of the environment and the severity of that degradation. Evaluation of environmental risk factors requires linguistic terms to be used rather than exact numerical assignments. The fuzzy set theory provides a useful tool for converting linguistic terms into numerical evaluations. In this article, we will try to select the best location for the Faculty of Management of the Istanbul Technical University taking care of the predetermined environmental criteria by using fuzzy TOPSIS. The decision matrix is composed of linguistic evaluations for the alternatives with respect to the environmental risk criteria. The Macka Campus area has been selected after the multicriteria evaluation. A sensitivity analysis is also realized to see if the minor changes in criteria weights cause any change in the ranking of alternatives. Unless the importance of the criteria rock or soil structure, remoteness to health facilities, transportation availability, and transportation costs is changed to be from low to extremely low importance, the Macka Campus is still the selected alternative.