Page 29 - Decision Making Applications in Modern Power Systems

8 Decision Making Applications in Modern Power Systems

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Step 1
Structure the initial alternative/criteria decision matrix

Derive the normalized values to obtain the normalized matrix

Step 2: Obtain the weighted normalized decision matrix

Step 3: Obtaining the possible solutions as positive ideal and
negative ideal

Step 4: Determine the geometrical separation measures for the
alternatives to be ranked

Step 5: Find out the relative closeness to the ideal solution for
each alternative

Step 6: Determine the ranking of alternatives based on
preference order

NO Solution
obtained

YES

Stop
FIGURE 1.2 Flowchart to rank of alternatives using TOPSIS method [27,43]. TOPSIS,
Technique for order preference by similarity to ideal solutions.

Step 1. Structure the initial alternatives/criteria decision matrix and
derive the normalized matrix
Articulate an initial alternative/criteria decision matrix having a dimen-
sion of a 3 c, where a is the number of alternatives and c is the number of
performance indictors/criteria.