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

Hakan Altin
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Hakan Altin: University of Aksaray, Turkey

International Journal of Strategic Decision Sciences (IJSDS), 2020, vol. 11, issue 3, 18-51

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.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:igg:jsds00:v:11:y:2020:i:3:p:18-51

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