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Application of Multiple Criteria Decision Making Mathematical Model for Selecting Best Automobile

Author(s):

Yogesh Sahu , CSIT; Nishant Shukla, CSIT

Keywords:

MCDM, Automobile selection, TOPSIS

Abstract

This paper illustrates the application of Multiple-Criteria Decision-Making (MCDM) mathematical model to the problem of the selection of a new automobile from the variety of automobiles available in the market. Buying of automobiles, now a days in the marketplace is very hard job to the customers due to day to day changes in numerous technical and operational parameter specifications like style, life span, fuel economy, suspension and cost etc. Therefore, to overcome from this confusion state some selection procedure techniques are required TOPSIS is one the selection procedure technique is adopted for this problem. This paper shows the basic steps involved in the technique TOPSIS (Technique for Ordered Preference by Similarity to Ideal Solution), for choosing the most suitable alternative from among the varied options under consideration. This technique provides a base for decision-making processes where there are limited numbers of choices but each has large number of attributes. In this work, some cars are considered with different attributes and select the best car using TOPSIS technique.

Other Details

Paper ID: IJSRDV5I41269
Published in: Volume : 5, Issue : 4
Publication Date: 01/07/2017
Page(s): 1796-1801

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