PAPER ID:IJIM/V.V(VII)/9-15 /2

AUTHOR: Sanjay Kumar

TITLE:A FUZZY TOPSIS DECISION MAKING TECHNIQUE WITH GINNI-SIMPSON’S ENTROPY WEIGHT

ABSTRACT: :The theory of intuitionistic fuzzy set (IFS) is wellsuitable to deal with vagueness and hesitancy. In this study, we propose a new fuzzy TOPSIS decision making model using entropy weight for dealing with multiple criteria decision making (MCDM) problems under intuitionistic fuzzy environment. This model allows measuring the degree of satisfiability and the degree of non-satisfiability, respectively, of each alternative evaluated across a set of criteria. To obtain the weighted fuzzy decision matrix, we employ the concept of Shannon’s entropy to calculate the criteria weights. An investment example is used to illustrate the application of the proposed model.

KEYWORDS: : Entropy, Intuitionistic fuzzy set (IFS),Multiple criteria decision making (MCDM), TOPSIS

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