Using TOPSIS approach for solving the problem of optimal competence set adjustment with multiple target solutions

Abstract

Management by objectives (MBO) is an effective framework for enterprise management. In the optimal adjustment of competence set problem, the relevant coefficients are adjusted so that a given target solution (objective) could be attainable. However, various target solutions might be given from various points of view. The conventional method is concerned only with one target solution rather than multiple targets. In this paper, we employ the technique for order preference by similarity to an ideal solution (TOPSIS) method to select/evaluate target solutions suggested by decision maker. A numerical example with four target solutions is also used to illustrate the proposed method. © 2010 Springer-Verlag.