Combined compromise for ideal solution (CoCoFISo): A multi-criteria decision-making based on the CoCoSo method algorithm
Each decision-making tool should be tested and validated in real case studies to be practical and fit to global problems. The application of multi-criteria decision-making methods (MCDM) is currently a trend to rank alternatives. In the literature, there are several multi-criteria decision-making me...
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| Published in | Expert systems with applications Vol. 251; p. 124079 |
|---|---|
| Main Authors | , , , |
| Format | Journal Article |
| Language | English |
| Published |
Elsevier Ltd
01.10.2024
Elsevier |
| Subjects | |
| Online Access | Get full text |
| ISSN | 0957-4174 1873-6793 1873-6793 |
| DOI | 10.1016/j.eswa.2024.124079 |
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| Abstract | Each decision-making tool should be tested and validated in real case studies to be practical and fit to global problems. The application of multi-criteria decision-making methods (MCDM) is currently a trend to rank alternatives. In the literature, there are several multi-criteria decision-making 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 combined compromise solution), by a real case study in a university campus and compared the obtained results to other MCDMs such as Preference Ranking Organisation Method for Enrichment Evaluations (PROMETHEE), Weighted Sum Method (WSM) and Technique for Order Preference by Similarity to the Ideal Solution (TOPSIS). 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.
The findings imply that application of CoCoFISo is suggested to decision makers, experts and researchers while they are facing practical challenges and sensitive questions regarding the utilization of a reliable decision-making method. Unlike many prior studies, the current version of CoCoSo is unique, original and is presented for the first time. Its performance was approved using several strategies and examinations. |
|---|---|
| AbstractList | Each decision-making tool should be tested and validated in real case studies to be practical and fit to global problems. The application of multi-criteria decision-making methods (MCDM) is currently a trend to rank alternatives. In the literature, there are several multi-criteria decision-making 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 combined compromise solution), by a real case study in a university campus and compared the obtained results to other MCDMs such as Preference Ranking Organisation Method for Enrichment Evaluations (PROMETHEE), Weighted Sum Method (WSM) and Technique for Order Preference by Similarity to the Ideal Solution (TOPSIS). 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. The findings imply that application of CoCoFISo is suggested to decision makers, experts and researchers while they are facing practical challenges and sensitive questions regarding the utilization of a reliable decision-making method. Unlike many prior studies, the current version of CoCoSo is unique, original and is presented for the first time. Its performance was approved using several strategies and examinations. Each decision-making tool should be tested and validated in real case studies to be practical and fit to global problems. The application of multi-criteria decision-making methods (MCDM) is currently a trend to rank alternatives. In the literature, there are several multi-criteria decision-making 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 combined compromise solution), by a real case study in a university campus and compared the obtained results to other MCDMs such as Preference Ranking Organisation Method for Enrichment Evaluations (PROMETHEE), Weighted Sum Method (WSM) and Technique for Order Preference by Similarity to the Ideal Solution (TOPSIS). 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. The findings imply that application of CoCoFISo is suggested to decision makers, experts and researchers while they are facing practical challenges and sensitive questions regarding the utilization of a reliable decision-making method. Unlike many prior studies, the current version of CoCoSo is unique, original and is presented for the first time. Its performance was approved using several strategies and examinations. |
| ArticleNumber | 124079 |
| Author | Zaraté, Pascale Gabriel Rasoanaivo, Rôlin Fateh, Amirhossein Yazdani, Morteza |
| Author_xml | – sequence: 1 givenname: Rôlin surname: Gabriel Rasoanaivo fullname: Gabriel Rasoanaivo, Rôlin email: Rolin.Rasoanaivo@irit.fr organization: Institut de Recherche en Informatique de Toulouse, IRIT, France – sequence: 2 givenname: Morteza orcidid: 0000-0001-5526-8950 surname: Yazdani fullname: Yazdani, Morteza email: morteza.yazdani@vilniustech.lt organization: Institute of Dynamic Management, Vilnius Gediminas Technical University, Sauletekio ave. 11, Vilnius 10223, Lithuania – sequence: 3 givenname: Pascale orcidid: 0000-0002-5188-1616 surname: Zaraté fullname: Zaraté, Pascale email: Pascale.Zarate@ut-capitole.fr organization: Institut de Recherche en Informatique de Toulouse, IRIT, France – sequence: 4 givenname: Amirhossein orcidid: 0000-0002-6911-9515 surname: Fateh fullname: Fateh, Amirhossein email: afateh@doctor.upv.es organization: Universitat Politècnica de València, Spain |
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| Cites_doi | 10.1108/MD-05-2017-0458 10.1016/j.eswa.2019.03.016 10.1016/j.omega.2014.11.009 10.1142/S0219622020500303 10.1016/j.ejor.2015.07.019 10.1080/01605682.2020.1806741 10.3846/tede.2020.11920 10.1016/j.eswa.2023.120607 10.3969/j.issn.1004-4132.2011.04.008 10.1007/s10489-019-01577-3 10.1016/j.scs.2017.11.019 10.1016/j.omega.2016.10.004 10.1080/19397038.2020.1871442 10.1108/IJLSS-06-2016-0023 10.3846/jcem.2019.11309 10.1007/s40314-021-01656-7 10.1007/978-3-642-48318-9_3 10.1007/s40815-022-01442-5 10.1016/j.jclepro.2020.121981 10.3233/JIFS-191400 10.1108/IMDS-06-2020-0343 10.3390/sym14050979 10.1016/j.rser.2016.11.191 10.1108/BIJ-08-2021-0489 10.1016/j.seps.2021.101052 10.1016/j.omega.2012.10.009 10.15388/21-INFOR466 10.1155/2021/1474629 10.1016/j.rser.2022.112819 |
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| Keywords | P2TLWG T-SFFS BNN CoCoFISo CoCoSo VIKOR ELECTRE AHP MABAC P2TLN CoCoSo method CRITIC SA P2TLWA PROMETHEE PDHLTS RDF BWM MSME M-AHP CODAS CSP SVN2TLFWA LBWA L1 L2 MCGDM MAGDM SVN2TLFWG DMU LSS CR MSW SAHP WSM EDAS PEE SPBRT PMVNN COPRAS PMVNS MCDM SVN2TLS TOPSIS MAHP P2TL CoCoFISo method |
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