Product Evaluation Using Entropy and Multi Criteria Decision Making Methods

Kshitij Dashore; Shashank Singh Pawar; Nagendra Sohani; Devendra Singh Verma

doi:https://doi.org/10.14445/22315381/IJETT-V4I5P169

Research Article | Open Access | Download PDF

Volume 4 | Issue 5 | Year 2013 | Article Id. IJETT-V4I5P169 | DOI : https://doi.org/10.14445/22315381/IJETT-V4I5P169

Product Evaluation Using Entropy and Multi Criteria Decision Making Methods

Kshitij Dashore , Shashank Singh Pawar , Nagendra Sohani , Devendra Singh Verma

Citation :

Kshitij Dashore , Shashank Singh Pawar , Nagendra Sohani , Devendra Singh Verma, "Product Evaluation Using Entropy and Multi Criteria Decision Making Methods," International Journal of Engineering Trends and Technology (IJETT), vol. 4, no. 5, pp. 2183-2187, 2013. Crossref, https://doi.org/10.14445/22315381/IJETT-V4I5P169

Abstract

There is variety of products of different brands available in the market for the customer of different levels which can satisfy their specific demands. The customer has been offered by means of variety of products of the same species and category with different features and attribute. This enhance the competition between the brands, resultantly make efforts to stimulate the customers towards their products by means of different policies, which sometimes can make customer confuse between the brands and their products to – what to pick and what not to. In this research paper we have taken nine laptops of different brands of nearly same range of specifications and Multi Criteria Decision Making (MCDM) Methods are applied to choose the best option among the different alternativ es. Entropy method is used to evaluate the weight of the feature attributes.

Keywords

Multi Criteria Decision Making Methods, Entropy, TOPSIS, Advance TOPSIS, SAW, WPM .

References

[1] Cathal M. Brugha (1998), “Structuring and Weighting Criteria in Multi criteria Decision Making (MCDM)” 13 th International Conference on Multi Criteria Decision Making, p.229 - 242.
[2] F. Hosenzadeh Lofti and R. Fallahnejad (2011), “Ranking Efficient Unit in DEA by Using TOPSIS Method”, Applied Mathematics Sciences, Vol.5, no. 17, pp. 805 - 815.
[3] Hwang C.L., and Yoon K., (1981) “Multiple Attribute Decision Making : Methods and Applications” Springer - Verlag: New York.
[4] S.R.Gangurde and M.M. Akarte (2011), “Ranking of Product Design Alternatives using Multi - criteria Decision Making Methods”, ICOQM - 10.
[5] Shashank Singh Pawar and Devendra Singh Verma (2013), “Digital Came ra Evaluation Base on AHP and TOPSIS”, International Journal of Engineering Research , ISSN : 2319 - 6890 Vol. 2, Issue 2, pp. 52 - 55.
[6] Tetteh Akyene (2012), “Cell Phone Evaluation Base on Entropy and TOPSIS”, Interdisciplinary Journal of Research in Business, ISSN: 2046 - 7141 Vol. 1, Issue.12, pp.09 - 15.