B-School Selection by Fuzzy TOPSIS and AHP

Rapid liberalization of education sector in India has resulted in increased competition. As a result, we have witnessed rapid rise in number of management institutes. The student’s evaluation about an institute/college is based on multiple criteria. Realizing the need a focused review on the literature was made to understand the subject. The review highlighted that conventional methods for B-school evaluation are inadequate for dealing with the imprecise, uncertain or vague nature of linguistic assessment. To overcome this difficulty, due to MCDM problem, Fuzzy multi-criteria decision-making methods are proposed. The aim of this study is to use fuzzy technique for order preference by similarity to ideal solution (TOPSIS) and Analytical Hierarchal process (AHP) methods for the selection of better B-school. The proposed methods have been applied to a B-School selection problem of the students of NCR and results are presented. This chapter contributes to previous researches by adding a new avenue, where the MCDM technique can be useful. The selection of an institution for getting a professional degree is a very tough task for the students and as well as for their guardians. This method can help them to find a better solution by providing a quantitative framework.

[1]  Keeheon Lee,et al.  Agent-based diffusion model for an automobile market with fuzzy TOPSIS-based product adoption process , 2011, Expert Syst. Appl..

[2]  Cengiz Kahraman,et al.  Hierarchical fuzzy TOPSIS model for selection among logistics information technologies , 2007, J. Enterp. Inf. Manag..

[3]  Semih Onüt,et al.  Transshipment site selection using the AHP and TOPSIS approaches under fuzzy environment. , 2008, Waste management.

[4]  T. Chu.  Selecting Plant Location via a Fuzzy TOPSIS Approach , 2002 .

[5]  A. Y. Yayla,et al.  Fuzzy TOPSIS Method in Supplier Selection and Application in the Garment Industry , 2012 .

[6]  Rong Li.  Fuzzy method in group decision making , 1999 .

[7]  Shang Hwa Hsu,et al.  Design facial appearance for roles in video games , 2009, Expert Syst. Appl..

[8]  Mehpare Timor,et al.  The analytic hierarchy process and analytic network process: an overview of applications , 2010 .

[9]  T. Chu,et al.  A Fuzzy TOPSIS Method for Robot Selection , 2003 .

[10]  Mahammad Haghighi,et al.  The impact of 3D e-readiness on e-banking development in Iran: A fuzzy AHP analysis , 2010, Expert Syst. Appl..

[11]  Chimay J. Anumba,et al.  A fuzzy system for evaluating the risk of change in construction projects , 2006, Adv. Eng. Softw..

[12]  Patrick T. Harker,et al.  The Analytic Hierarchy Process , 1989 .

[13]  Sheng-Hshiung Tsaur,et al.  The evaluation of airline service quality by fuzzy MCDM. , 2002 .

[14]  Ching-Lai Hwang,et al.  Multiple Attribute Decision Making: Methods and Applications - A State-of-the-Art Survey , 1981, Lecture Notes in Economics and Mathematical Systems.

[15]  Chung-Hsing Yeh,et al.  A practical approach to fuzzy utilities comparison in fuzzy multicriteria analysis , 2004, Int. J. Approx. Reason..

[16]  Turan Paksoy,et al.  Organizational strategy development in distribution channel management using fuzzy AHP and hierarchical fuzzy TOPSIS , 2012, Expert Syst. Appl..

[17]  Serkan Balli,et al.  Operating System Selection Using Fuzzy AHP and TOPSIS Methods , 2009 .

[18]  Cheng-Ru Wu,et al.  Applying fuzzy hierarchy multiple attributes to construct an expert decision making process , 2009, Expert Syst. Appl..

[19]  Metin Celik,et al.  Structuring fuzzy integrated multi-stages evaluation model on academic personnel recruitment in MET institutions , 2009, Expert Syst. Appl..

[20]  Marcello Braglia,et al.  Fuzzy TOPSIS approach for failure mode, effects and criticality analysis , 2003 .

[21]  Doraid M. Dalalah,et al.  A fuzzy multi-criteria decision making model for supplier selection , 2011, Expert Syst. Appl..

[22]  Rajiv Khosla,et al.  Separating the wheat from the chaff: An intelligent sales recruitment and benchmarking system , 2009, Expert Syst. Appl..

[23]  Chung-Chu Liu,et al.  Prioritization of digital capital measures in recruiting website for the national armed forces , 2009, Expert Syst. Appl..

[24]  Christos Douligeris,et al.  A telecommunications quality study using the analytic hierarchy process , 1994, IEEE J. Sel. Areas Commun..

[25]  Morteza Pakdin Amiri,et al.  Project selection for oil-fields development by using the AHP and fuzzy TOPSIS methods , 2010, Expert Syst. Appl..

[26]  S. S. Stevens.  On the psychophysical law. , 1957, Psychological review.

[27]  Sushil Kumar,et al.  Analytic hierarchy process: An overview of applications , 2006, Eur. J. Oper. Res..

[28]  Evangelos Triantaphyllou,et al.  Development and evaluation of five fuzzy multiattribute decision-making methods , 1996, Int. J. Approx. Reason..

[29]  J. Buckley,et al.  Fuzzy hierarchical analysis , 1999, FUZZ-IEEE'99. 1999 IEEE International Fuzzy Systems. Conference Proceedings (Cat. No.99CH36315).

[30]  Chen-Tung Chen,et al.  Aggregation of fuzzy opinions under group decision making , 1996, Fuzzy Sets Syst..

[31]  Tai-Yue Wang,et al.  A fuzzy model for supplier selection in quantity discount environments , 2009, Expert Syst. Appl..

[32]  Mahmoud A. Abo-Sinna,et al.  An interactive algorithm for large scale multiple objective programming problems with fuzzy parameters through TOPSIS approach , 2006, Appl. Math. Comput..

[33]  Mostafa Zandieh,et al.  A hybrid multi-criteria decision-making model for firms competence evaluation , 2009, Expert Syst. Appl..

[34]  İrfan Ertuğrul,et al.  Comparison of fuzzy AHP and fuzzy TOPSIS methods for facility location selection , 2008 .

[35]  Chia-Chi Sun,et al.  A performance evaluation model by integrating fuzzy AHP and fuzzy TOPSIS methods , 2010, Expert Syst. Appl..

[36]  Patrick X.W. Zou,et al.  Understanding the key risks in construction projects in China , 2007 .

[37]  Ludovic-Alexandre Vidal,et al.  Applying AHP to select drugs to be produced by anticipation in a chemotherapy compounding unit , 2010, Expert Syst. Appl..

[38]  Ufuk Cebeci,et al.  Fuzzy AHP-based decision support system for selecting ERP systems in textile industry by using balanced scorecard , 2009, Expert Syst. Appl..

[39]  T. Chu,et al.  Improved extensions of the TOPSIS for group decisionmaking under fuzzy environment , 2002 .

[40]  Eun-Sung Chung,et al.  Prioritizing the best sites for treated wastewater instream use in an urban watershed using fuzzy TOPSIS , 2013 .

[41]  L. Thurstone.  A law of comparative judgment. , 1994 .

[42]  Srihari,et al.  The Influence of GRA and TOPSIS for Assortment of Green Supply Chain Management Strategies in Cement Industry , 2013 .

[43]  A. Rizzi,et al.  A fuzzy TOPSIS methodology to support outsourcing of logistics services , 2006 .

[44]  Yusuf Tansel İç,et al.  An experimental design approach using TOPSIS method for the selection of computer-integrated manufacturing technologies , 2012 .

[45]  Mahmoud A. Abo-Sinna,et al.  Extensions of TOPSIS for large scale multi-objective non-linear programming problems with block angular structure , 2008 .

[46]  Ashraf Labib,et al.  Management decisions for a continuous improvement process in industry using the analytical hierarchy process , 2001 .

[47]  Chen-Tung Chen,et al.  Extensions of the TOPSIS for group decision-making under fuzzy environment , 2000, Fuzzy Sets Syst..

[48]  Bilal M. Ayyub,et al.  Multi-attribute fuzzy decisions in construction strategies , 1992 .

[49]  Diyar Akay,et al.  A multi-criteria intuitionistic fuzzy group decision making for supplier selection with TOPSIS method , 2009, Expert Syst. Appl..

[50]  Alfredo del Caño,et al.  Integrated Methodology for Project Risk Management , 2002 .

[51]  Shaligram Pokharel,et al.  A hybrid approach using ISM and fuzzy TOPSIS for the selection of reverse logistics provider , 2009 .

[52]  Gin-Shuh Liang,et al.  Fuzzy MCDM based on ideal and anti-ideal concepts , 1999, Eur. J. Oper. Res..

[53]  Deng Yong.  Plant location selection based on fuzzy TOPSIS , 2006 .

[54]  Thomas L. Saaty,et al.  Priority setting in complex problems , 1983, IEEE Transactions on Engineering Management.

[55]  Mohammad Ataei,et al.  The application of fuzzy analytic hierarchy process (FAHP) approach to selection of optimum underground mining method for Jajarm Bauxite Mine, Iran , 2009, Expert Syst. Appl..

[56]  Shan Feng,et al.  Decision support for fuzzy comprehensive evaluation of urban development , 1999, Fuzzy Sets Syst..

[57]  Serkan Yavuz,et al.  Weapon selection using the AHP and TOPSIS methods under fuzzy environment , 2009, Expert Syst. Appl..

[58]  Deng-Feng Li,et al.  Multiattribute decision making models and methods using intuitionistic fuzzy sets , 2005, J. Comput. Syst. Sci..

[59]  Ying-Ming Wang,et al.  Fuzzy TOPSIS method based on alpha level sets with an application to bridge risk assessment , 2006, Expert Syst. Appl..

[60]  Jung P. Shim,et al.  Bibliographical research on the Analytic Hierarchy Process (AHP) , 1989 .

[61]  Cengiz Kahraman,et al.  Multicriteria decision making in energy planning using a modified fuzzy TOPSIS methodology , 2011, Expert Syst. Appl..

[62]  Luis G. Vargas.  An overview of the analytic hierarchy process and its applications , 1990 .

[63]  Chen-Tung Chen,et al.  A fuzzy approach for supplier evaluation and selection in supply chain management , 2006 .

[64]  Z. H. Che,et al.  A fuzzy AHP and DEA approach for making bank loan decisions for small and medium enterprises in Taiwan , 2010, Expert Syst. Appl..

[65]  Cengiz Kahraman,et al.  Fuzzy performance evaluation in Turkish Banking Sector using Analytic Hierarchy Process and TOPSIS , 2009, Expert Syst. Appl..

[66]  Gwo-Hshiung Tzeng,et al.  Combining grey relation and TOPSIS concepts for selecting an expatriate host country , 2004, Math. Comput. Model..

[67]  Cerry M. Klein,et al.  An efficient approach to solving fuzzy MADM problems , 1997, Fuzzy Sets Syst..

[68]  Shuliang Li,et al.  Hybridising human judgment, AHP, simulation and a fuzzy expert system for strategy formulation under uncertainty , 2009, Expert Syst. Appl..

[69]  Abolghasem Sadeghi-Niaraki,et al.  Ontology based personalized route planning system using a multi-criteria decision making approach , 2009, Expert Syst. Appl..

[70]  Tarek Zayed,et al.  Prototype Model for Build-Operate-Transfer Risk Assessment , 2002 .

[71]  Selim Zaim,et al.  Analyzing business competition by using fuzzy TOPSIS method: An example of Turkish domestic airline industry , 2011, Expert Syst. Appl..

[72]  Drakoulis Martakos,et al.  Customer evaluation for order acceptance using a novel class of fuzzy methods based on TOPSIS , 2009, Expert Syst. Appl..

[73]  Seongwon Seo,et al.  Fuzzy decision-making tool for environmental sustainable buildings , 2004 .

[74]  Victor B. Kreng,et al.  The application of Fuzzy Delphi Method and Fuzzy AHP in lubricant regenerative technology selection , 2010, Expert Syst. Appl..

[75]  Gülçin Büyüközkan,et al.  A novel hybrid MCDM approach based on fuzzy DEMATEL, fuzzy ANP and fuzzy TOPSIS to evaluate green suppliers , 2012, Expert Syst. Appl..

[76]  Wen-Hsiang Lai,et al.  Fuzzy rule-based analysis of firm's technology transfer in Taiwan's machinery industry , 2009, Expert Syst. Appl..

[77]  Te-Sheng Li,et al.  Applying TRIZ and Fuzzy AHP to develop innovative design for automated manufacturing systems , 2009, Expert Syst. Appl..

[78]  T. L. Saaty.  A Scaling Method for Priorities in Hierarchical Structures , 1977 .

[79]  N. F. Pan,et al.  Selecting an appropriate excavation construction method based on qualitative assessments , 2009, Expert Syst. Appl..

[80]  A. I. Ölçer,et al.  A new fuzzy multiple attributive group decision making methodology and its application to propulsion/manoeuvring system selection problem , 2005, Eur. J. Oper. Res..

[81]  Chung-Hsing Yeh,et al.  Fuzzy multicriteria analysis for performance evaluation of bus companies , 2000, Eur. J. Oper. Res..

[82]  Tzai-Zang Lee,et al.  Comparing appropriate decision support of human resource practices on organizational performance with DEA/AHP model , 2009, Expert Syst. Appl..

[83]  Rong-Hwa Huang,et al.  Manufacturing evaluation system based on AHP/ANP approach for wafer fabricating industry , 2009, Expert Syst. Appl..

[84]  Nigel J. Smith,et al.  Application of a fuzzy based decision making methodology to construction project risk assessment , 2007 .

[85]  Chin-Tsai Lin,et al.  Selecting the preferable bancassurance alliance strategic by using expert group decision technique , 2009, Expert Syst. Appl..

[86]  T. Saaty.  Highlights and critical points in the theory and application of the Analytic Hierarchy Process , 1994 .

[87]  M. Yokoyama,et al.  The Nature of the Affective Judgment in the Method of Paired Comparisons , 1921 .

[88]  Meysam Shaverdi,et al.  Combining Fuzzy MCDM with BSC Approach in Performance Evaluation of Iranian Private Banking Sector , 2011, Adv. Fuzzy Syst..

[89]  Selin Soner Kara,et al.  Supplier selection with an integrated methodology in unknown environment , 2011, Expert Syst. Appl..

[90]  Matthew J. Liberatore,et al.  The analytic hierarchy process in medical and health care decision making: A literature review , 2008, Eur. J. Oper. Res..

[91]  Yanzhi Li,et al.  A decision method for supplier selection in multi-service outsourcing , 2011 .

[92]  Z. H. Che,et al.  Using analytic hierarchy process and particle swarm optimization algorithm for evaluating product plans , 2010, Expert Syst. Appl..

[93]  Joseph H. M. Tah,et al.  A proposal for construction project risk assessment using fuzzy logic , 2000 .

[94]  Yawei Li,et al.  Fuzzy Approach to Prequalifying Construction Contractors , 2007 .

[95]  Ming-Chyuan Lin,et al.  Using AHP and TOPSIS approaches in customer-driven product design process , 2008, Comput. Ind..

[96]  Yusuf Tansel Iç,et al.  Development of a decision support system for machining center selection , 2009, Expert Syst. Appl..

[97]  Yongtae Park,et al.  Large engineering project risk management using a Bayesian belief network , 2009, Expert Syst. Appl..

[98]  Ching-Torng Lin,et al.  Bid/no-bid decision-making – a fuzzy linguistic approach , 2004 .

[99]  Ceyda Güngör Sen,et al.  Evaluation and pre-allocation of operators with multiple skills: A combined fuzzy AHP and max-min approach , 2010, Expert Syst. Appl..

[100]  Chung-Hsing Yeh,et al.  Inter-company comparison using modified TOPSIS with objective weights , 2000, Comput. Oper. Res..

[101]  Ching-Lai Hwang,et al.  Fuzzy Multiple Attribute Decision Making - Methods and Applications , 1992, Lecture Notes in Economics and Mathematical Systems.

[102]  Alev Taskin Gumus,et al.  Evaluation of hazardous waste transportation firms by using a two step fuzzy-AHP and TOPSIS methodology , 2009, Expert Syst. Appl..

[103]  Chia-Chi Sun,et al.  Using fuzzy TOPSIS method for evaluating the competitive advantages of shopping websites , 2009, Expert Syst. Appl..

[104]  Tien-Chin Wang,et al.  Application of TOPSIS in evaluating initial training aircraft under a fuzzy environment , 2007, Expert Syst. Appl..

[105]  William Ho,et al.  Integrated analytic hierarchy process and its applications - A literature review , 2008, Eur. J. Oper. Res..

[106]  Saul I. Gass,et al.  The Analytic Hierarchy Process - An Exposition , 2001, Oper. Res..

[107]  Ta-Chung Chu,et al.  Facility Location Selection Using Fuzzy TOPSIS Under Group Decisions , 2002, Int. J. Uncertain. Fuzziness Knowl. Based Syst..

[108]  C. Carlsson.  Tackling an MCDM-problem with the help of some results from fuzzy set theory , 1982 .

[109]  G. Bortolan,et al.  A review of some methods for ranking fuzzy subsets , 1985 .

[110]  E. Stanley Lee,et al.  An extension of TOPSIS for group decision making , 2007, Math. Comput. Model..

[111]  Fatemeh Zahedi,et al.  The Analytic Hierarchy Process—A Survey of the Method and its Applications , 1986 .