Evaluating Alternatives through the Application of Topsis Method with Entropy Weight

Evaluating Alternatives through the Application of Topsis Method with Entropy Weight

  IJETT-book-cover  International Journal of Engineering Trends and Technology (IJETT)          
  
© 2017 by IJETT Journal
Volume-46 Number-2
Year of Publication : 2017
Authors : Dr Elsayed A Elsayed, Dr A.K.Shaik Dawood, Dr R. Karthikeyan
DOI :  10.14445/22315381/IJETT-V46P211

Citation 

Dr Elsayed A Elsayed, Dr A.K.Shaik Dawood, Dr R. Karthikeyan "Evaluating Alternatives through the Application of Topsis Method with Entropy Weight", International Journal of Engineering Trends and Technology (IJETT), V46(2),60-66 April 2017. ISSN:2231-5381. www.ijettjournal.org. published by seventh sense research group

Abstract
Multi-Criteria decision making (MCDM) techniques are appropriate tools to prioritize under sophisticated environment, and are able to rank alternatives in decision problems with conflicting criteria. Banks represent entities of the financial market and the overall system for financing of the economy, i.e. they are directly or indirectly becoming the drivers and control mechanism of the financial system without which the process of reproduction would be practically impossible. The aim of this paper is to develop the multi-criteria decision support framework for ranking and evaluating between the main Banks in kingdom due to the main criteria of the banks. Evaluation of the work of banks is of essential importance to creditors, investors and other interested parties, because it determines a bank`s ability to be competitive within the sector. The weights for a number of criteria are calculated based on the Entropy method; these weights are inputted to the TOPSIS method, the rank of each bank is determined according to its results. Technique for Order Performance by Similarity to Ideal Solution TOPSIS is a multi-criteria decision making technique based on the minimization of geometric distances that allows the ordering of compared alternatives in accordance with their distances from the ideal and anti-ideal solutions. This paper was performed a ranking of the banks through the application of the TOPSIS method With Entropy Weight. Bank Al-bilad, Al-inmaa Bank, Al Rajhi Bank, and Riyad Bank are the most best banks due to the five criteria which are used in evaluating and others banks are ranked.

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Keywords
Multi-attributes Decision Making, TOPSIS, decision-making, quantitative methods, weights of criteria.