DEVELOPMENT OF TIVI: A NOVEL HYBRID METHOD INTEGRATING TOPSIS AND VIKOR FOR MULTI-CRITERIA DECISION MAKING

Abstract

The eld of Multi-Criteria Decision Making (MCDM) constantly evolves toaddress the intricate challenges of decision-making across diverse sectors. Despite significantadvancements, yet there remains a lack of a unied framework that leverages the strengthsof both TOPSIS and VIKOR. This study introduces TOPSISVIKOR Integration (TIVI), anew hybrid MCDM method that combines TOPSISs ideal-solution approach with VIKORs compromise-ranking capability. TIVI is developed through a systematic methodology andapplied to a case study on selecting smart forming technology. Results show strong positive correlations with TOPSIS and CODAS, along with high robustness and adaptability across different α-levels.