A combined compromise solution (CoCoSo) method for multi-criteria decision-making problems

By Morteza Yazdani, Pascale Zaraté, Edmundas Kazimieras Zavadskas, Zenonas Turskis. Management Decision, 2019

764 citations recorded by the source corpus.

PurposeThe purpose of this paper is to discuss the advantage of a combinatory methodology presented in this study. The paper suggests that the comparison with results of previously developed methods is in high agreement.Design/methodology/approachThis paper introduces a combined compromise decision-making algorithm with the aid of some aggregation strategies. The authors have considered a distance measure, which originates from grey relational coefficient and targets to enhance the flexibility of the results. Hence, the weight of the alternatives is placed in the decision-making process with three equations. In the final stage, an aggregated multiplication rule is employed to release the ranking of the alternatives and end the decision process.FindingsThe authors described a real case of choosing logistics and transportation companies in France from a supply chain project. Some comparisons such as sensitivity analysis approach and comparing to other studies and methods provided to validate the performance of the proposed algorithm.Originality/valueThe algorithm has a unique structure among MCDM methods which is presented for the first time in this paper.

Subfields: Control and Systems Engineering, Management Science and Operations Research, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/3c9f95d54147b1f767275dffbe8aa1f738057291