Abstract

This chapter present the study of comparative assessment of Grey Relational Analysis (GRA) method and Multi Objective Optimization on the basis of Ratio Analysis (MOORA) method with considering two distinct weight determination methods named Analytical Hierarchy Process (AHP) method and Entropy method for ranking and selection of Two For One (TFO) machine used in Textile industry. TFO machines are used in textile industry to improve the properties of yarn by twisting. The ranking performance of GRA method and MOORA method is compared with each other with reference to ranking order obtained using different weight determination method and it explore effectiveness and simplicity of MOORA method for selection of best TFO machine.

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