• Corpus ID: 40530271

Application of the FTOPSIS ranking method to an industrial facility location problem

@inproceedings{Puente2015ApplicationOT,
  title={Application of the FTOPSIS ranking method to an industrial facility location problem},
  author={Javier Puente and Isabel Fern{\'a}ndez and Jes{\'u}s Simal Lozano and Borja Ponte and Paolo Priore and David de la Fuente},
  year={2015}
}

• J. Puente, I. Fernández, +3 authors D. Fuente
• Published 2015
• Economics

Industrial location problems belong to the scope of multicriteria decision making (MCDM) given the high number of attributes to be considered in its planning and analysis. This work deals with a problem with four potential sites and five influential subjective criteria. A panel of experts related to the problem makes a fuzzy valuation of these attributes allowing to capture the uncertainty inherent in the subjectivity of such assessments-. Similarly, using the AHP method, experts provide with compared importance ratings from pairs of these attributes, facilitating the calculation of their global weights of importance. Finally, the implementation of the FTOPSIS method, produces the ranking of the potential sites for the location problem.