Incremental analysis for the performance evaluation of material handling equipment: A holistic approach

Abstract

This paper addresses the application of group Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) to Multiple Criteria Decision Making (MCDM), for assisting decision makers by evaluating, ranking and selecting material handling equipment (MHE). The present study considers engineering economy as one of the erudite tool for performance evaluation of said equipment in the integrated and synergetic way. Lastly, incremental analysis is used for final ranking of the equipment under inquisition.