Journal
3RD INTERNATIONAL CONFERENCE ON INFORMATION TECHNOLOGY AND QUANTITATIVE MANAGEMENT, ITQM 2015
Volume 55, Issue -, Pages 706-714Publisher
ELSEVIER SCIENCE BV
DOI: 10.1016/j.procs.2015.07.080
Keywords
TODIM; Prospect theory; Unipolar Choquet integral; Multicriteria decision aid
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This paper presents an application of both the original TODIM and the Choquet-extended TODIM methods. Both approaches are used here in order to rank suppliers of specified materials and goods quite relevant for a steel industry located in the Brazilian state of Rio de Janeiro. One conceptual advantage from using the Choquet-extended TODIM method is that it can deal with interactions between evaluation criteria. Results from the application of these two methods practically lead to the same ranks. The non-parametric statistic sign test allows concluding that that both methods are indeed equivalent in terms of the final results for this particular application. As a conclusion it can be said that the importance of a formal procedure for ranking suppliers basically consists of contributing to greater clarity and a higher learning throughout the ranking process. (C) 2015 Published by Elsevier B.V.
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