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What is Technique for Order of Preference by Similarity to Ideal Solution (TOPSIS)

Adapting and Mitigating Environmental, Social, and Governance Risk in Business
A research method that creates a synthetic measure on the basis of many features, most often used in the decision-making process.
Published in Chapter:
The Concept of the Triple Bottom Line as a Link Between Sustainability and CSR
Bartosz Oliwa (University of Szczecin, Poland)
DOI: 10.4018/978-1-7998-6788-3.ch001
The purpose of the chapter is to present the definition, historical background, and core elements of the concept related to sustainability, corporate social responsibility, and the triple bottom line. Common relationships and the differences between these concepts were indicated on the basis of the gathered information scattered in the scientific literature. The empirical part of the chapter allows the assessment of whether the enterprises really refer to the concepts known in the literature. It also presents an assessment of the stage of business today, referring to the business sustainability typology by using research methods such as case survey and TOPSIS.
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Application of ISM in the Manufacturing Sector
TOPSIS is an analysis method used for deriving multi-criteria decisions and was developed in 1981 by Yoon and Ching-Lai Hwang. It is dependent on the fact that the alternative that is chosen is should ideally have the least possible geometric distance from the PIS, otherwise known as the positive ideal solution and should be the farthest from negative ideal solution (NIS).
Full Text Chapter Download: US $37.50 Add to Cart
Full Text Chapter Download: US $37.50 Add to Cart
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