Selecting the Best Normalization Technique for ROV Method: Towards a Real Life Application

Year 2021, Volume: 34 Issue: 2, 592 - 609, 01.06.2021

Nazlı Ersoy

https://doi.org/10.35378/gujs.767525

Cited By: 17

Abstract

Normalization is one of the stages that have an impact on the results of MCDM problems. Choosing the right normalization technique leads the decision maker to the right results. Accordingly, the purpose of this study is to determine the most appropriate normalization technique for the ROV method. In this study, a real case is analyzed, eight different normalization methods are compared with each other on the basis of a multi-stage framework. The findings show that the model used in this study can be successfully applied in the selection of normalization technique. This study provides a decision support and reference for the selection of nomalization technique for MCDM methods in terms of the framework used. Another importance of this study is the first testing the suitability of different normalization techniques for the ROV method.

Keywords

MCDM, Range of Value (ROV) method, Normalization, Consistency, Performance evaluation

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