Authors: Hande Erdoğan Aktan; Ömür Tosun
Addresses: Department of Business Management, Faculty of Economics and Administrative Sciences, Akdeniz University, Campus, 07058, Antalya, Turkey ' Department of Business Management, Faculty of Economics and Administrative Sciences, Akdeniz University, Campus, 07058, Antalya, Turkey
Abstract: System investment decision has a very crucial role in any company aiming for efficient manufacturing. Multi-criteria decision making process is required to select the best among the alternatives. In this study, fuzzy AHP and fuzzy TOPSIS methods are used in a two-step methodology to select the suitable automated storage and retrieval system (AS/RS) so as to satisfy the expectations of the company. Eleven criteria are used in fuzzy AHP to calculate the criteria weights. These weights are then used in fuzzy TOPSIS to rank three AS/RS alternatives. The proposed model is used for selecting the right AS/RS in one of the leading consumer electronics company of Turkey.
Keywords: analytical hierarchy process; fuzzy sets; fuzzy logic; fuzzy AHP; fuzzy TOPSIS; multicriteria decision making; MCDM; automated storage and retrieval systems; AS/RS; system investment; investment justification; consumer electronics; Turkey.
International Journal of Productivity and Quality Management, 2013 Vol.11 No.2, pp.228 - 245
Available online: 10 Feb 2013 *Full-text access for editors Access for subscribers Purchase this article Comment on this article