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Author: | |
Title: | Multi-attribute decision making: A simulation comparison of select methods |
Journal: | European Journal of Operational Research
1998 : JUN, VOL. 107:3, p. 507-529 |
Index terms: | MULTIPLE CRITERIA DECISION MAKING UTILITY THEORY SIMULATION |
Language: | eng |
Abstract: | A major criticism of multi-attribute decision making problems (MADM) is that different techniques may yield different results when applied to the same problem. The problem considered in this paper consists of a decision matrix input of N criteria weights and ratings of L alternatives on each criterion. In this simulation experiment the performance of eight methods are investigated: ELECTRE, TOPSIS, Multiactive Exponential Weighting, Simple Additive Weighting, and four versions of AHP. |
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