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Using the TOPSIS Method to Evaluate Projects for Virtualization

Author

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  • Mihail Radev

    (University of Economics - Varna)

Abstract

The study focuses on six Multi-Criteria Decision Making (MCDM) methods, examines the characteristics of the methods, their advantages and disadvantages, fields of application. Technique for Order Preference by Similarity to the Ideal Solution (TOPSIS) method is studied and used. The procedure for implementing the step-by-step method is presented. Practical application of TOPSIS method is made in a situation when selecting a solution for virtualization of IT infrastructure in a sample company. The choice is among several possible alternative options for the deployment of desktop virtualization. Criteria, weights and points are defined by experts for each one of them. As a result, the ranking of the alternative options is obtained and used to select the best one. The conclusion is that using TOPSIS method allows the determination of a best alternative in a clear and easy way.

Suggested Citation

  • Mihail Radev, 2017. "Using the TOPSIS Method to Evaluate Projects for Virtualization," Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series, Union of Scientists - Varna, Economic Sciences Section, issue 2, pages 234-241, November.
    • Handle: RePEc:vra:journl:y:2017:i:2:p:234-241
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    File URL: http://www.su-varna.org/izdanij/2017/ikonomika-017-2/234-241.pdf
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    Citations

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    Cited by:

    1. Svetoslav Ivanov & Pavel Petrov, 2020. "Business scenarios for interaction in the development of the software system in a start-up software company," Economics and computer science, Publishing house "Knowledge and business" Varna, issue 2, pages 27-37.
    2. Batyr Orazbayev & Yerbol Ospanov & Valentina Makhatova & Lazzat Salybek & Zhanat Abdugulova & Zhumazhan Kulmagambetova & Salamat Suleimenova & Kulman Orazbayeva, 2023. "Methods of Fuzzy Multi-Criteria Decision Making for Controlling the Operating Modes of the Stabilization Column of the Primary Oil-Refining Unit," Mathematics, MDPI, vol. 11(13), pages 1-20, June.
    3. Pavel Petrov & Shabnamjit Hundal, 2018. "Application of Security Technologies in the Public Websites of Banks in Serbia," Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series, Union of Scientists - Varna, Economic Sciences Section, vol. 7(2), pages 298-305, November.

    More about this item

    Keywords

    TOPSIS; virtualization; Multiple Criteria Decision Making; MCDM;
    All these keywords.

    JEL classification:

    • A00 - General Economics and Teaching - - General - - - General

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