Abstract
The paper presents an analysis of the impact of normalization techniques on the ranking of alternatives obtained using the combined compromise solution (CoCoSo) method. Similarity measures known from the literature and a new measure called the TOPSIS similarity measure (TOPSIS-SM) are used to assess the resulting rankings. This new measure is based on the TOPSIS algorithm, where the arithmetic mean of the considered rankings is taken as the ideal solution. In contrast, the antiideal solution is divided into a minimum and a maximum solution, which exhibit maximum separation from the ideal solution. The results obtained by this new method are different from those obtained using other similarity measures known from the literature.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
