Combined compromise for ideal solution (CoCoFISo) A Multi-Criteria Decision Making based on the CoCoSo method algorithm

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Authors

Raiha Imran¹

1. Mphill

Conference / event

Peeref International Poster Challenger, June 2024 (Lahore, Pakistan)

Poster summary

Each decision-making tool should be tested and validated in real case studies to be practical and fit to global problems. The application of MCDM is currently a trend to rank alternatives. In the literature, there are several MCDM methods according to their classification. During our experimentation on the Combined Compromise Solution (CoCoSo) method, we encountered its limits for real cases. The authors examined the applicability of the CoCoFISo method (improved version of CoCoSo), by a real case study. Our research finding indicates that CoCoSo is an applied method that has been developed to solve complex multi-variable assessment problems, while CoCoFISo can improve the shortages observed in CoCoSo and deliver stable outcomes compared to other developed tools.

Keywords

Multi Criteria decision making, CoCoSo, CoCoFISo

Research areas

Mathematics, Computer and Information Science , Physics

References

1. Rasoanaivo, R. G., Yazdani, M., Zaraté, P., & Fateh, A. (2024). Combined Compromise for Ideal Solution (CoCoFISo): a multi-criteria decisionmaking based on the CoCoSo method algorithm. Expert Systems with Applications, 251, 124079.

Funding

No data provided

Supplemental files

No data provided

Additional information

Competing interests

No competing interests were disclosed.

Data availability statement

The datasets generated during and / or analyzed during the current study are available from the corresponding author on reasonable request.

Creative Commons license

Copyright © 2024 Imran. This is an open access work distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.