A TOPSIS Method-based Approach to Machine Tool Selection

Due to highly competitive global market, the organi zations are now forced to focus more on increasing productivity while decreasing cost by right selecti on of machine tools. Proper selection of machine to ol justifies labor saving, improved product quality an d increased production rate with enhanced overall productivity. Evaluation and selection of a machine tool is a complex decision-making problem involvin g multiple conflicting criteria. This paper presents a logical procedure to evaluate the CNC machines in terms of system specifications and cost by using TOPSIS method. The results derived while solving the CNC machine selection problem highly corroborate with t hose as obtained by the past researchers.

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