A Combined Compromise Solution (CoCoSo) method for multi-criteria decision-making problems

Morteza Yazdani, Pascale Zaraté (), Edmundas Kazimieras Zavadskas and Zenonas Turskis
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Morteza Yazdani: Universidad Loyola Andalucía = Loyola University Andalucía
Pascale Zaraté: IRIT-ADRIA - Argumentation, Décision, Raisonnement, Incertitude et Apprentissage - IRIT - Institut de recherche en informatique de Toulouse - UT Capitole - Université Toulouse Capitole - UT - Université de Toulouse - UT2J - Université Toulouse - Jean Jaurès - UT - Université de Toulouse - UT3 - Université Toulouse III - Paul Sabatier - UT - Université de Toulouse - CNRS - Centre National de la Recherche Scientifique - Toulouse INP - Institut National Polytechnique (Toulouse) - UT - Université de Toulouse - TMBI - Toulouse Mind & Brain Institut - UT2J - Université Toulouse - Jean Jaurès - UT - Université de Toulouse - UT3 - Université Toulouse III - Paul Sabatier - UT - Université de Toulouse, UT Capitole - Université Toulouse Capitole - UT - Université de Toulouse
Edmundas Kazimieras Zavadskas: Vilnius Gediminas Technical University
Zenonas Turskis: Vilnius Gediminas Technical University

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Abstract: Purpose The purpose of this paper is to discuss the advantage of a combinatory methodology presented in this study. The paper suggests that the comparison with results of previously developed methods is in high agreement. Design/methodology/approach This paper introduces a combined compromise decision-making algorithm with the aid of some aggregation strategies. The authors have considered a distance measure, which originates from grey relational coefficient and targets to enhance the flexibility of the results. Hence, the weight of the alternatives is placed in the decision-making process with three equations. In the final stage, an aggregated multiplication rule is employed to release the ranking of the alternatives and end the decision process. Findings The authors described a real case of choosing logistics and transportation companies in France from a supply chain project. Some comparisons such as sensitivity analysis approach and comparing to other studies and methods provided to validate the performance of the proposed algorithm. Originality/value The algorithm has a unique structure among MCDM methods which is presented for the first time in this paper.

Keywords: Multi-criteria decision-making (MCDM); Combined compromise solution (CoCoSo) method (search for similar items in EconPapers)
Date: 2019-10-15
Note: View the original document on HAL open archive server: https://hal.science/hal-02879091v1
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (68)

Published in Management Decision, 2019, 57 (9), pp.2501-2519. ⟨10.1108/MD-05-2017-0458⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02879091

DOI: 10.1108/MD-05-2017-0458

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