Find the odd one with respect to TOPSIS ? Qualitative benefit attributes/criteria Quantitative benefit attributes Time attributes Cost attributes or criteria
Question
Find the odd one with respect to TOPSIS?
- Qualitative benefit attributes/criteria
- Quantitative benefit attributes
- Time attributes
- Cost attributes or criteria
Solution
The Technique for Order of Preference by Similarity to Ideal Solution (TOPSIS) is a multi-criteria decision analysis method. It is a method of compensatory aggregation that compares a set of alternatives by identifying weights for each criterion, normalising scores for each criterion and calculating the geometric distance between each alternative and the ideal alternative, which is hypothesised to provide the best performance under all criteria.
In the context of TOPSIS, the odd one out among the options you provided would be "Time attributes". Here's why:
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Qualitative benefit attributes/criteria: These are factors that can be included in a TOPSIS analysis. They refer to non-numerical characteristics or qualities that a decision-maker values in an alternative.
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Quantitative benefit attributes: These are also factors that can be included in a TOPSIS analysis. They refer to numerical or measurable characteristics that a decision-maker values in an alternative.
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Cost attributes or criteria: These are factors that can be included in a TOPSIS analysis. They refer to the costs associated with each alternative, which a decision-maker would typically want to minimise.
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Time attributes: While time can be a factor in decision-making, it's not typically treated as an attribute or criterion in the same way in a TOPSIS analysis. Time could influence the scores or weights of other criteria, but it's not usually a standalone criterion. Therefore, "Time attributes" is the odd one out in this list.
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