Neutrosophic Ahp Multi Criteria Decision Making Method Applied On The Selection Of Learning Management System
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Neutrosophic AHP Multi Criteria Decision Making Method Applied on the Selection of Learning Management System
Learning management systems (LMSs) are used today to assist in the designing, delivery and management of learning resources for learners. There are hundreds of LMS available in the marketplace. Selecting the most suitable LMS that meets specific requirements is a problem of decision making. Many studies in learning management system selection are implemented under complete information, while in the real world many uncertainty aspects do exist.
A Novel Neutrosophic Data Analytic Hierarchy Process for Multi-Criteria Decision Making Method: A Case Study in Kuala Lumpur Stock Exchange
This paper proposes a multi-criteria decision making method called the neutrosophic data analytical hierarchy process (NDAHP) for the single-valued neutrosophic set (SVNS). This method is an extension of the neutrosophic analytic hierarchy process (NAHP) but was designed to handle actual datasets which consists of crisp values. Our proposed NDAHP method uses an objective weighting mechanism whereas all other existing versions of the AHP, fuzzy AHP and other fuzzy based AHP method in literature such as the NAHP and picture fuzzy AHP uses a subjective weighting mechanism to arrive at the decision. This makes our proposed NDAHP method a very objective one as the weightage of the criteria which forms the input of the evaluation matrix are determined in an objective manner using actual data collected for the problem, and hence will not change according to the opinions of the different decision makers which are subjective. The proposed NDAHP method is applied to a multi-criteria decision making problem related to the ranking of the financial performance of five public listed petrochemical companies trading in the main board of the Kuala Lumpur Stock Exchange (KLSE). Actual dataset of 15 financial indices for the five petrochemical companies for 2017 obtained from Yahoo! Finance were used in this study. Following this, a brief comparative study is conducted to evaluate the performance of our NDAHP algorithm against the results of other existing SVNS based decision making methods in literature. The results are compared against actual results obtained from KLSE. To further verify the rankings obtained through each method, the Spearman and Pearson ranking tests are carried out on each of the decision making methods that are studied. It is proved that our proposed NDAHP method produces the most accurate results, and this was further verified from the results of the Spearman and Pearson ranking tests.
Fuzzy Multi-criteria Decision-Making Using Neutrosophic Sets
This book offers a comprehensive guide to the use of neutrosophic sets in multiple criteria decision making problems. It shows how neutrosophic sets, which have been developed as an extension of fuzzy and paraconsistent logic, can help in dealing with certain types of uncertainty that classical methods could not cope with. The chapters, written by well-known researchers, report on cutting-edge methodologies they have been developing and testing on a variety of engineering problems. The book is unique in its kind as it reports for the first time and in a comprehensive manner on the joint use of neutrosophic sets together with existing decision making methods to solve multi-criteria decision-making problems, as well as other engineering problems that are complex, hard to model and/or include incomplete and vague data. By providing new ideas, suggestions and directions for the solution of complex problems in engineering and decision making, it represents an excellent guide for researchers, lecturers and postgraduate students pursuing research on neutrosophic decision making, and more in general in the area of industrial and management engineering.