| Article ID: | iaor2007892 |
| Country: | China |
| Volume: | 35 |
| Issue: | 10 |
| Start Page Number: | 99 |
| End Page Number: | 103 |
| Publication Date: | Oct 2005 |
| Journal: | Mathematics in Practice and Theory |
| Authors: | Liu Xiaodong, Song Bifeng, Yuan Guiyong |
The TOPSIS method ia a commonly used method in Multi-Objective Decision Making. The advantages and disadvantages of TOPSIS are discussed in this paper, and then Monte-Carlo simulation is introduced to overcome the disadvantages of traditional TOPSIS method; an example is presented to validate the method.