Applying maximizing set and minimizing set to solving a tradeoff based fuzzy MCDM model

Abstract

This paper suggests a tradeoff based fuzzy multiple criteria decision making (MCDM) model, where criteria are categorized to benefit qualitative, benefit quantitative and cost quantitative ones. The membership function of the final fuzzy evaluation value of each alternative can be developed. All the final fuzzy evaluations are defuzzified via the ranking approach of maximizing set and minimizing set. Ranking procedure can be clearly formulated, making the decision making execution more efficient.