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Modified TOPSIS Method With Banking Case Study

Modified TOPSIS Method With Banking Case Study

Semra Erpolat Taşabat, Tuğba Kıral Özkan
Copyright: © 2020 |Pages: 36
ISBN13: 9781799822165|ISBN10: 1799822168|ISBN13 Softcover: 9781799822172|EISBN13: 9781799822189
DOI: 10.4018/978-1-7998-2216-5.ch009
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MLA

Taşabat, Semra Erpolat, and Tuğba Kıral Özkan. "Modified TOPSIS Method With Banking Case Study." Multi-Criteria Decision Analysis in Management, edited by Abhishek Behl, IGI Global, 2020, pp. 189-224. https://doi.org/10.4018/978-1-7998-2216-5.ch009

APA

Taşabat, S. E. & Özkan, T. K. (2020). Modified TOPSIS Method With Banking Case Study. In A. Behl (Ed.), Multi-Criteria Decision Analysis in Management (pp. 189-224). IGI Global. https://doi.org/10.4018/978-1-7998-2216-5.ch009

Chicago

Taşabat, Semra Erpolat, and Tuğba Kıral Özkan. "Modified TOPSIS Method With Banking Case Study." In Multi-Criteria Decision Analysis in Management, edited by Abhishek Behl, 189-224. Hershey, PA: IGI Global, 2020. https://doi.org/10.4018/978-1-7998-2216-5.ch009

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Abstract

In this chapter, an alternative measure to Euclidean distance measurement is proposed which is used to calculate positive and negative ideal solutions in the traditional TOPSIS method. Lp Minkowski family and L1 family distance measures were used for this purpose. By taking the averages of the distance measurements in the Lq and L1 families, more general and accurate level units were tried to be obtained. Thus, it was shown that TOPSIS method can give different results according to the distance measure used. The importance of the distance measurement unit was emphasized to rank the alternatives correctly. The implementation and evaluation of the proposed method was carried out through the financial performance of the deposit bank operating in the Turkish Banking Sector. It was seen that the rankings of the alternatives changed according to the distance measurements used. By referring to the distance measurements that can be used in the TOPSIS method, it was shown that the rank of the alternatives can vary according to the preferred distance measure.

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