Authors : Prof.S.R.Jachak , Miss. Aditi Taley
Abstract – The aim of this research work paper is an optimization of corrugated sheet box industries by using 15 common attributes from three different industries by using MADM methods like AHP, TOPSIS & PROMETHREE so that we can find out best alternative.
Systematic decision-making analysis can help decision maker to summarize and judge all information effectively and to define right question and to find out optimum and the most appropriate solution. Analytic hierarchy process(AHP) is a structured technique for organizing and analyzing the complex decisions. TOPSIS is also one of the MADM method, in this technique two artificial alternatives are hypothesized. Positive ideal alternative which corresponds to the maximum value and negative ideal alternative which corresponds to the minimum value. PROMETHREE offers complete ranking from the best alternative to the worst one. In this method pair of alternative is compared.
From this investigation , it is found that ,these technique like AHP and PROMETHREE will not only help the researcher in providing the matter concerned but also helps to understand the optimization problem in better way with possible solution.
