B-School Selection by Fuzzy TOPSIS and AHP

Abstract

Rapid liberalization of education sector in India has resulted in increased competition. As a result, we have witnessed rapid rise in number of management institutes. The student's evaluation about an institute/college is based on multiple criteria. Realizing the need a focused review on the literature was made to understand the subject. The review highlighted that conventional methods for B-school evaluation are inadequate for dealing with the imprecise, uncertain or vague nature of linguistic assessment. To overcome this difficulty, due to MCDM problem, Fuzzy multi-criteria decision-making methods are proposed. The aim of this study is to use fuzzy technique for order preference by similarity to ideal solution (TOPSIS) and Analytical Hierarchal process (AHP) methods for the selection of better B-school. The proposed methods have been applied to a B-School selection problem of the students of NCR and results are presented. This chapter contributes to previous researches by adding a new avenue, where the MCDM technique can be useful. The selection of an institution for getting a professional degree is a very tough task for the students and as well as for their guardians. This method can help them to find a better solution by providing a quantitative framework.