Application of TODIM (TOmada de Decisao Interativa Multicriterio) method for under-construction housing project selection in Kolkata

Article history: Received: November 5, 2017 Received in revised format: February 20, 2017 Accepted: March 22, 2018 Available online: March 22, 2018 The paper focuses on the application of TODIM (TOmada de Decisao Interativa Multicriterio), which means in Portuguese ‘interactive and multi-criteria decision making’) method in identifying the most attractive and affordable under-construction housing project in the city of Kolkata in India. In this decision making problem, 14 under-construction housing projects spanning in and around Kolkata are evaluated with respect to ten important criteria. The deployment of TODIM method can well be validated with respect to its ability to deal with both qualitative and quantitative criteria in the presence of risk factors. This method is also acknowledged to be a robust tool being almost unaffected by the varying values of the attenuation factor of losses. Using TODIM method, an under-construction housing project at Rajarhat in the eastern fringes of Kolkata city is selected as the optimal choice while meeting the requirements of investors, inhabitants and other stakeholders. © 2018 by the authors; licensee Growing Science, Canada.

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