Abstract
Selection of best material considering technical and economic aspects is an important key issue of pipe material design. Basically, it is a multiple attribute decision making problem. Through entropy method, it gives us unbiased and optimized weight factor for each alternative and MATLAB approaches accurate calculation. Pipe is manufactured by various stainless steel. Selection the best material among various steel is one of the difficult and subtle tasks. In this paper, the methodology of Multi-Objective Optimization on the basis of Ratio Analysis (MOORA) and Simple Additive Weighting (SAW) are implemented first time and comparatively Analysis is to find out best material for better product development.
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