Interval valued multi criteria decision making methods for the selection of flexible manufacturing system

Abstract

In real world multi criteria decision making (MCDM) problem, it is tough to solve a decision matrix with vague and imprecise data. The degree of impreciseness depends on the kind of data avail-able. For interval valued data this impreciseness is less and interval-valued MCDM methods can be effectively used to solve the problem. A flexible manufacturing system (FMS) selection prob-lem was taken into consideration to find the best FMS among available alternatives. An interval extension of CODAS method is proposed in this paper which was used to solve the problem along with two other interval-valued decision-making methods i.e. interval-valued TOPSIS, interval-valued EDAS. All the three methods are distance-based approaches and it was found that the interval-valued CODAS method gave the exact same ranking with that of interval-valued TOPSIS and interval-valued EDAS.

Keywords

• Interval-valued TOPSIS
• Interval-valued EDAS
• Interval-valued CODAS
• FMS selection
• MCDM