Alić, Martina Briš; Alić, Alen; Bošnjak, Nino
January 2012
Interdisciplinary Management Research;2012, Vol. 8, p51
Academic Journal
Decision making problem is the process of finding the best option from all of the feasible alternatives. In this paper, from among multicriteria models in making complex decisions and multiple attribute models for the most preferable choice, Technique for order preference by similarity to ideal solution (TOPSIS) approach has been dealt with. TOPSIS method is based on an aggregating function representing "closeness to the ideal", which originated in the compromise programming method. To eliminate the units of criterion functions in TOPSIS, vector normalization is used. The TOPSIS method determines a solution wiThthe shortest distance to the ideal solution and the greatest distance from the negative-ideal solution, but it does not consider the relative importance of these distances. The aim of this paper is to select the best location of a geothermal well by using the multiple criteria decision making - TOPSIS. The paper also discuses some of the numerous advantages of renewable energy sources as compared to those non-renewable ones, and explores the ways of promoting geothermal energy and other renewable energy sources to the public.


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