A New Ranking Method Based on Outranking Relations
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Date
2010
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Vilnius Gediminas Technical University
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Abstract
We consider the problem of ranking alternatives evaluated on several criteria. This problem may arise in many real life applications like ranking countries, cities, projects, universities, academic programs and students. A number of methods have been proposed for this problem. ELECTRE, one of the widely used ranking methods, uses outranking relations between the alternatives. The main shortcoming of ELECTRE is its requirements of explicit definition of parameters which can be difficult for the decision maker to provide in advance. We develop an outranking based ranking method which requires only a subset of parameters and ranks the alternatives by mathematical models. A real life example is used to illustrate the method. © Izmir University of Economics, Turkey, 2010.
Description
24th Mini EURO Conference on Continuous Optimization and Information-Based Technologies in the Financial Sector, MEC EurOPT 2010 -- 23 June 2010 through 26 June 2010 -- Izmir -- 106702
Keywords
Multiple criteria decision making, Outranking relations, Ranking, Application programs, Mathematical models, Optimization, Academic program, Decision makers, Multiple criteria decision making, Number of methods, Outranking relation, Ranking, Ranking methods, Real-life applications, Decision making
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24th Mini EURO Conference on Continuous Optimization and Information-Based Technologies in the Financial Sector, MEC EurOPT 2010
Volume
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Start Page
155
End Page
160
