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Designing a Decision Support System for Project Evaluation Using Z-TOPSIS

Authors

Alish Nazarov

Rubric:Economics, organization and management of enterprises, branches, complexes
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The object of this research is the development of a decision support system (DSS) for multi-criteria evaluation under uncertainty. The study addresses a key problem: traditional decision-making methods, such as deterministic TOPSIS, fail to effectively account for the inherent uncertainty and reliability issues in real-world data. This inadequacy creates significant challenges in domains where both quantitative and qualitative uncertainties are critical, such as renewable energy planning and resource allocation. The essence of the results lies in the proposed hybrid Z-TOPSIS framework, which integrates Z-numbers a mathematical tool designed to model both the value and reliability of data into the conventional TOPSIS method. This integration allows the framework to provide more accurate and reliable decision-making outcomes by considering not only the values of decision criteria but also the confidence associated with those values. These features enable the proposed system to handle uncertainty comprehensively, significantly improving its effectiveness over traditional deterministic approaches. These results were achieved due to the unique characteristics of Z-numbers, which reflect real-world complexities more effectively than traditional deterministic models. By modeling subjective judgments and reliability in tandem, Z-numbers enhance the decision-making process, ensuring resilient evaluations even with limited or uncertain data. The proposed DSS is particularly suitable for use in fields like renewable energy planning, urban development, and other domains requiring resilient decision-making under uncertainty. The system’s adaptability and reliability make it a valuable tool for addressing complex, real-world decision-making scenarios, ensuring transparency, confidence, and practicality in its applications.

Keywords

Z-TOPSIS
Analytic Hierarchy Process
Project Evaluation.
Decision Support System

Authors

Alish Nazarov

Rubric:Economics, organization and management of enterprises, branches, complexes
974
10

References:

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Liu, Q., Chen, J., Wang, W., & Qin, Q. (2021). Conceptual design evaluation considering confidence based on Z-AHP-TOPSIS method. Applied Sciences. https://www.mdpi.com/2076-3417/11/16/7400

Gardashova, L. A. (2019). Z-number-based TOPSIS method in multi-criteria decision making. 13th International Conference on Theory and Application of Fuzzy Systems and Soft Computing. https://link.springer.com/chapter/10.1007/978-3-030-04164-9_10

Cheng, R., Zhang, J., & Kang, B. (2022). A novel Z-TOPSIS method based on improved distance measure of Z-numbers. International Journal of Fuzzy Systems. https://link.springer.com/article/10.1007/s40815-022-01297-w

Haktanır, E., & Kahraman, C. (2024). Integrated AHP & TOPSIS methodology using intuitionistic Z-numbers: An application on hydrogen storage technology selection. Expert Systems with Applications. https://www.sciencedirect.com/science/article/pii/S0957417423028841

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Krohling, R. A., & Pacheco, A. G. C. (2019). TODIM and TOPSIS with Z-numbers. Frontiers of Information Technology & Electronic Engineering. https://link.springer.com/article/10.1631/FITEE.1700434

 Khalif, K. M. N. K., & Gegov, A. (2017). Z-TOPSIS approach for performance assessment using fuzzy similarity. 2017 IEEE International Conference on Fuzzy Systems. https://ieeexplore.ieee.org/abstract/document/8015458/

Wang, X., Wang, J., & Peng, H. (2020). A multi-criteria decision support framework for inland nuclear power plant site selection under Z-information. Mathematics. https://www.mdpi.com/2227-7390/8/2/252

Fang, L. (2024). Financing mode decision of characteristic tourist town based on improved G1 and Z-number-TOPSIS: the Chinese case. Kybernetes. https://www.emerald.com/insight/content/doi/10.1108/K-07-2024-1837/full/html

 Sotoudeh-Anvari, A. (2015). A new approach based on the level of reliability of information to determine the relative weights of criteria in fuzzy TOPSIS. International Journal of Advanced Decision Sciences. Available at: https://www.inderscienceonline.com/doi/abs/10.1504/IJADS.2015.069603

Ecer, F., & Haseli, G. (2024). Evaluation of sustainable cold chain suppliers using a combined multi-criteria group decision-making framework under fuzzy ZE-numbers. Expert Systems with Applications. Available at: https://www.sciencedirect.com/science/article/pii/S0957417423035650

Wang, X., Peng, H., & Liu, Y. (2020). A multi-criteria decision support framework for inland nuclear power plant site selection under Z-information: A case study in Hunan province of China. Mathematics. Available at: https://www.mdpi.com/2227-7390/8/2/252

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