%0 Journal Article %A M. Salehi and R. Tavakkoli-Moghaddam %D 2008 %J International Journal of Industrial and Manufacturing Engineering %B World Academy of Science, Engineering and Technology %I Open Science Index 16, 2008 %T Project Selection by Using a Fuzzy TOPSIS Technique %U https://publications.waset.org/pdf/14 %V 16 %X Selection of a project among a set of possible alternatives is a difficult task that the decision maker (DM) has to face. In this paper, by using a fuzzy TOPSIS technique we propose a new method for a project selection problem. After reviewing four common methods of comparing investment alternatives (net present value, rate of return, benefit cost analysis and payback period) we use them as criteria in a TOPSIS technique. First we calculate the weight of each criterion by a pairwise comparison and then we utilize the improved TOPSIS assessment for the project selection. %P 375 - 380