Application of TODIM (TOmada de Decisao Interativa Multicriterio) method for under-construction housing project selection in Kolkata

Chakraborty, S.; Chakraborty, A.

Growing Science » Journal of Project Management » Application of TODIM (TOmada de Decisao Interativa Multicriterio) method for under-construction housing project selection in Kolkata

Journals

JPM Volumes

Volume 1 (8)
- Issue 1 (5)
- Issue 2 (3)

Volume 2 (13)
- Issue 1 (4)
- Issue 2 (3)
- Issue 3 (3)
- Issue 4 (3)

Volume 3 (17)
- Issue 1 (4)
- Issue 2 (5)
- Issue 3 (4)
- Issue 4 (4)

Volume 4 (24)
- Issue 1 (4)
- Issue 2 (8)
- Issue 3 (8)
- Issue 4 (4)

Volume 5 (20)
- Issue 1 (5)
- Issue 2 (5)
- Issue 3 (5)
- Issue 4 (5)

Volume 6 (20)
- Issue 1 (5)
- Issue 2 (5)
- Issue 3 (5)
- Issue 4 (5)

Volume 7 (21)
- Issue 1 (5)
- Issue 2 (5)
- Issue 3 (5)
- Issue 4 (6)

Volume 8 (21)
- Issue 1 (6)
- Issue 2 (5)
- Issue 3 (5)
- Issue 4 (5)

Volume 9 (35)
- Issue 1 (6)
- Issue 2 (5)
- Issue 3 (9)
- Issue 4 (15)

Countries

Journal of Project Management

ISSN 2371-8374 (Online) - ISSN 2371-8366 (Print) Quarterly Publication Volume 3 Issue 4 pp. 207-216 , 2018

Application of TODIM (TOmada de Decisao Interativa Multicriterio) method for under-construction housing project selection in Kolkata Pages 207-216 Download PDF

Authors: Shankar Chakraborty, Abkishek Chakraborty

DOI: 10.5267/j.jpm.2018.3.002

Keywords: Under-construction, Housing project, TODIM method, Risk, Rank

Abstract: The paper focuses on the application of TODIM (TOmada de Decisao Interativa Multicriterio), which means in Portuguese ‘interactive and multi-criteria decision making’) method in identify-ing the most attractive and affordable under-construction housing project in the city of Kolkata in India. In this decision making problem, 14 under-construction housing projects spanning in and around Kolkata are evaluated with respect to ten important criteria. The deployment of TODIM method can well be validated with respect to its ability to deal with both qualitative and quantitative criteria in the presence of risk factors. This method is also acknowledged to be a robust tool being almost unaffected by the varying values of the attenuation factor of losses. Using TODIM method, an under-construction housing project at Rajarhat in the eastern fringes of Kolkata city is selected as the optimal choice while meeting the requirements of investors, inhabitants and other stakeholders.

How to cite this paper

 Chakraborty, S & Chakraborty, A. (2018). Application of TODIM (TOmada de Decisao Interativa Multicriterio) method for under-construction housing project selection in Kolkata.Journal of Project Management, 3(4), 207-216.

Refrences

Adali, E.A., Işik, A.T., & Kundakci, N. (2016). Todim method for the selection of the elective courses. European Scientific Journal, August, 314-324.
Gomes, L.F.A.M., & Lima, M.M.P.P. (1992). TODIM: Basics and application to multicriteria ranking of projects with environmental impacts. Foundations of Computing and Decision Sciences, 16(4), 113-127.
Gomes, L.F.A.M., & Rangel, L.A.D. (2009). An application of the TODIM method to the multicriteri-arental evaluation of residential properties. European Journal of Operational Research, 193(1), 204-211.
Gomes, L.F.A.M., Rangel, L.A.D., & Maranhão, F.J.C. (2009) Multicriteria analysis of natural gas desti-nation in Brazil: An application of the TODIM method. Mathematical and Computer Modelling, 50(1-2), 92-100.
Hui, E.C.M. (2001). Measuring affordability in public housing from economic principles: Case study of Hong Kong. Journal of Urban Planning and Development, 127(1), 34-49.
Kahraman, C., & Kaya, T. (2012). A fuzzy multiple attribute utility model for intelligent building as-sessment. Journal of Civil Engineering and Management, 18(6), 811-820.
Kazancoglu, Y., & Burmaoglu, S. (2013). ERP software selection with MCDM: Application of TODIM method. International Journal of Business Information Systems, 13(4), 435-452.
Kutty, N.K., & New, A. (2005). Measure of housing affordability: Estimates and analytical results. Housing Policy Debate, 16(1), 113-142.
Lazauskas, M., Kutut, V., & Zavadskas, E.K. (2015) Multicriteria assessment of unfinished construction projects. GRAĐEVINAR, 67(4), 319-328.
Lotfi, F.H., Fallahnejad, R. (2010) Imprecise Shannon’s entropy and multi attribute decision making. Entropy, 12, 53-62.
Moshkovich, H.M., Gomes, L.F.A.M., & Mechitov, A.I. (2011). An integrated multicriteria decision-making approach to real estate evaluation: Case of the TODIM method. Pesquisa Operacional, 31(1), 3-20.
Mulliner, E., Smallbone, & K., Maliene, V. (2013). An assessment of sustainable housing affordability using a multiple criteria decision making method. Omega, 41(2), 270-279.
Natividade-Jesus, E., Coutinho-Rodrigues, J., & Antunes, C.H. (2007). A multicriteria decision support system for housing evaluation. Decision Support Systems, 43(3), 779-790.
Rangel, L.A.D., Gomes, L.F.A.M., & Cardoso, F.P. (2011). An application of the TODIM method to the evaluation of broadband internet plans. Pesquisa Operacional, 31(2), 235-249.
Sen, D.K., Datta, S., & Mahapatra, S.S. (2016). Application of TODIM (Tomada de Decisión Inerativa Multicritero) for industrial robot selection. Benchmarking: An International Journal, 23(7), 1818-1833.
Taylan, O., Bafail, A.O., Abdulaal, R.M.S., & Kabli, M.R. (2014). Construction projects selection and risk assessment by fuzzy AHP and fuzzy TOPSIS methodologies. Applied Soft Computing, 17, 105-116.
Tseng, M-L., Lin, Y-H., Tan, K., Chen, R-H., & Chen, Y-H. (2014). Using TODIM to evaluate green supply chain practices under uncertainty. Applied Mathematical Modelling, 38(11-12), 2983-2995.
Uysal, F., & Tosun, Ö. (2014). Multi criteria analysis of the residential properties in Antalya using TODIM method. Procedia - Social and Behavioral Sciences, 109, 322-326.
Viteikienė, M., & Zavadskas, E.K. (2007). Evaluating the sustainability of Vilnius City residential areas. Civil Engineering and Management, 13(2), 149-155.