Using engineering economy techniques with group TOPSIS method for best project selection

Citation

Mojahed, Majid and Dodangeh, Javad (2009) Using engineering economy techniques with group TOPSIS method for best project selection. In: 2009 2nd IEEE International Conference on Computer Science and Information Technology (ICCSIT 2009), 8-11 Aug. 2009, Beijing, China. (pp. 232-234).

Abstract

Selecting projects are an important problem, yet often difficult task. It is complicated because there is usually more than one dimension for measuring the impact of each project and especially when there is more than one decision maker. This paper considers a real application of project selection for Telecommunication projects with using the opinion of experts by one of the group decision making model, it is called TOPSIS method. There are five kinds of criteria that they are include qualitative, quantitative, negative and positive criteria have been considered and also two of them are Net Present Value and Benefit-Cost Analysis that they are engineering economic techniques for selecting the best one amongst five projects and ranking them. We have also used from six expert’s opinion in Cable Network. Finally the introduced method is used in a case study (Telecommunication sector) and extracted results from it are analyzed from different points of view.[12]

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Additional Metadata

Item Type:	Conference or Workshop Item (Paper)
Divisions:	Faculty of Engineering
DOI Number:	https://doi.org/10.1109/ICCSIT.2009.5234426
Publisher:	IEEE
Keywords:	Project selection; Decision making; MCDM (Multi criteria decision making); Group TOPSIS method; Engineering economy techniques
Depositing User:	Nabilah Mustapa
Date Deposited:	10 Aug 2020 02:20
Last Modified:	10 Aug 2020 02:20
Altmetrics:	http://www.altmetric.com/details.php?domain=psasir.upm.edu.my&doi=10.1109/ICCSIT.2009.5234426
URI:	http://psasir.upm.edu.my/id/eprint/45825
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