Using Taguchi method for post optimality analysis in MCDM Online publication date: Wed, 13-Jun-2007
by Reza Khorramshahgol, Mehrdad Tamiz
World Review of Entrepreneurship, Management and Sustainable Development (WREMSD), Vol. 3, No. 3/4, 2007
Abstract: The aim of this research is to use Taguchi's loss function to assess the loss associated with a solution provided by a particular Multi-Criteria Decision Making (MCDM) method. Although the idea proposed in this paper, derived from Taguchi's philosophy and his idea of social loss, can be invariably applied to any MCDM method, the paper utilises Goal Programming (GP) to illustrate the applicability of the proposed method.
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