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Growing Science » Decision Science Letters » Technique of Accurate Ranking Order (TARO): A novel multi criteria analysis approach in performance evaluation of industrial robots for material handling

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Decision Science Letters
ISSN 1929-5812 (Online) - ISSN 1929-5804 (Print)
Quarterly Publication
Volume 11 Issue 4 pp. 563-589, 2022

Technique of Accurate Ranking Order (TARO): A novel multi criteria analysis approach in performance evaluation of industrial robots for material handling Pages 563-589 Right click to download the paper Download PDF

Authors: Bipradas Bairagi

📋 Author Affiliations:
B. Bairagi ORCID 1
1 Haldia Institute of Technology, India
doi 10.5267/j.dsl.2022.5.001
7 Source: Scopus
Crossref 7 Source: CrossRef

🔑 Keywords: MCDM, Technique of accurate ranking order (TARO), Advanced version of entropy weighting method, Industrial robot selection

Abstract: Rank reversal in decision making is a common phenomenon resulting in confusion and ambiguity in selection procedure especially while multiple multi-criteria decision making (MCDM) techniques are independently applied. To eradicate this confusion, this paper proposes a novel MCDM methodology namely Technique of Accurate Ranking Order (TARO). The TARO method is an extension of conventional MCDM approaches. The proposed method commences at the end of conventional methodologies with the final selection values. The proposed technique, using an advanced version of entropy weighting method, initially measures weights of the final selection values. Subsequently, based on the final section values and their computed weights, TARO measures accurate selection indices that determine the accurate ranking order of the alternatives. The proposed technique is illustrated by three real life examples on robot selection problems. The results obtained by TARO justify the validity, applicability and requirements of the proposed techniques for proper decision making under the MCDM environment.

How to cite this paper
APA: Bairagi, B. (2022). Technique of Accurate Ranking Order (TARO): A novel multi criteria analysis approach in performance evaluation of industrial robots for material handling. Decision Science Letters, 11(4), 563-589.
Chicago/Turabian: Bairagi, B. 2022. "Technique of Accurate Ranking Order (TARO): A novel multi criteria analysis approach in performance evaluation of industrial robots for material handling." Decision Science Letters 11, no. 4 (2022): 563-589.
AMA: Bairagi, B. Technique of Accurate Ranking Order (TARO): A novel multi criteria analysis approach in performance evaluation of industrial robots for material handling. Decision Science Letters. 2022;11(4):563-589.

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📚 Journal: Decision Science Letters | 📅 Year: 2022 | 📖 Volume: 11 | 📄 Issue: 4 | 👁️ Views: 1298 | 📊 Crossref: 7

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