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A Comparative Analysis of CE-Topsis and CE-Maut Methods

A Comparative Analysis of CE-Topsis and CE-Maut Methods

Hakan Altin
Copyright: © 2020 |Volume: 11 |Issue: 3 |Pages: 34
ISSN: 1947-8569|EISSN: 1947-8577|EISBN13: 9781799806271|DOI: 10.4018/IJSDS.2020070102
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MLA

Altin, Hakan. "A Comparative Analysis of CE-Topsis and CE-Maut Methods." IJSDS vol.11, no.3 2020: pp.18-51. http://doi.org/10.4018/IJSDS.2020070102

APA

Altin, H. (2020). A Comparative Analysis of CE-Topsis and CE-Maut Methods. International Journal of Strategic Decision Sciences (IJSDS), 11(3), 18-51. http://doi.org/10.4018/IJSDS.2020070102

Chicago

Altin, Hakan. "A Comparative Analysis of CE-Topsis and CE-Maut Methods," International Journal of Strategic Decision Sciences (IJSDS) 11, no.3: 18-51. http://doi.org/10.4018/IJSDS.2020070102

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Abstract

The key objective of this study is to conduct a comparative analysis of performance ranking results of the two multi-criteria decision-making methods, namely TOPSIS and MAUT. In this study, the CRITIC and ENTROPY methods were utilized as objective weighting techniques. In the application part of this study, three salient findings were attained. The first finding was that of the close relationship between TOPSIS ranking conducted by CRITIC and ENTROPY methods. The second finding was that of the close relationship between the MAUT ranking conducted by the CRITIC and ENTROPY methods. The third finding was that of the mutual and significant relationship in a positive direction between the performance ranking results obtained by TOPSIS and MAUT methods. In other words, TOPSIS and MAUT methods give the same performance ranking results. The results found are statistically significant.

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