Journals Information
Universal Journal of Management Vol. 3(1), pp. 15 - 20
DOI: 10.13189/ujm.2015.030103
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Application of the Multi Criteria Decision Making Methods for Project Selection
Prapawan Pangsri *
Faculty of Industrial Technology, Valaya Alongkorn Rajabhat University under the Royal Patronage, Thailand
ABSTRACT
Multi-criteria decision making (MCDM) methods are chosen among alternatives in order to attain specific objectives. In this research, the purpose of methodology is to provide decision methods for project managers in construction companies. The methodology is combined into three methods consisting of Delphi method, Analytic Hierarchy Process (AHP) and Technique for Order Preference by Similarity to Ideal Solution (TOPSIS). As the result, the criteria for selection are determined by expert opinions, and then assign the weight of criteria by AHP. Finally, TOPSIS method is used to evaluate alternatives which are found prioritized by weight for project , namely project 5 equal 0.747 , project 7 equal 0.746 , project 3 equal 0.614, project 2 equal 0.441, project 4 equal 0.386 , project 1 equal 0.358 and project 6 equal 0.264 respectively.
KEYWORDS
Multi-criteria Decision Making, AHP, TOPSIS, Project Selection
Cite This Paper in IEEE or APA Citation Styles
(a). IEEE Format:
[1] Prapawan Pangsri , "Application of the Multi Criteria Decision Making Methods for Project Selection," Universal Journal of Management, Vol. 3, No. 1, pp. 15 - 20, 2015. DOI: 10.13189/ujm.2015.030103.
(b). APA Format:
Prapawan Pangsri (2015). Application of the Multi Criteria Decision Making Methods for Project Selection. Universal Journal of Management, 3(1), 15 - 20. DOI: 10.13189/ujm.2015.030103.