Research Article

APPLICATION OF THE PIV METHOD IN THE PRESENCE OF NEGATIVE DATA: AN EMPIRICAL EXAMPLE FROM A REAL-WORLD CASE

Volume: 14 Number: 2 December 31, 2021
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APPLICATION OF THE PIV METHOD IN THE PRESENCE OF NEGATIVE DATA: AN EMPIRICAL EXAMPLE FROM A REAL-WORLD CASE

Abstract

The presence of negative data in the decision matrix is a rare situation in Multiple Criteria Decision Making (MCDM) methods. In such a case, normalized matrix elements must be between 0 and 1 to adopt the Proximity Indexed Value (PIV) method. In this study, which deals with real life application, two different solutions are presented to find a solution to this problem. Firstly, negative decision matrix elements are converted to positive using a z-score standardization method. Secondly, different normalization techniques are used instead of vector normalization in the algorithm of the PIV method. According to the results obtained, the most appropriate technique to reach a result with the PIV method in the presence of negative data is the min-max technique. The model proposed in this study supports the usage the PIV method in the presence of negative data. In addition, this study is the first to test the suitability of different techniques for the PIV method.

Keywords

References

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Details

Primary Language

English

Subjects

-

Journal Section

Research Article

Publication Date

December 31, 2021

Submission Date

July 26, 2021

Acceptance Date

November 28, 2021

Published in Issue

Year 2021 Volume: 14 Number: 2

APA
Ersoy, N. (2021). APPLICATION OF THE PIV METHOD IN THE PRESENCE OF NEGATIVE DATA: AN EMPIRICAL EXAMPLE FROM A REAL-WORLD CASE. Hitit Sosyal Bilimler Dergisi, 14(2), 318-337. https://doi.org/10.17218/hititsbd.974522

Cited By

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