Fuzzy TOPSIS method in the selection of Investment Boards by incorporating operational risks

• Main Authors: Madi, Elissa Nadia, Md. Tap, Abu Osman
• Format: Conference or Workshop Item
• Language: English
• Published: International Association of Engineers 2011
• Subjects: QA75 Electronic computers. Computer science
• Online Access: http://irep.iium.edu.my/10558/1/Fuzzy_TOPSIS_method_in_the_selection_of_Investment_Boards_by_incorporating_operational_risks.pdf; http://irep.iium.edu.my/10558/; http://www.iaeng.org/publication/WCE2011/WCE2011_pp291-295.pdf

Multi Criteria Decision Making (MCDM) involves not only attributes that are precise or crisp, but also values that are not deterministic. Currently, Fuzzy TOPSIS presents a solution for decision makers when dealing with real world data that are usually multi attributes and involves a complex decision making process. In this work, an application of this method is demonstrated in the selection of Investment Boards by taking into account the operational risks involved.