On the Similarities of Some Multi‐Criteria Decision Analysis Methods

Jutta Geldermann · Anita Schöbel

46 citations0/0 files storedJournal of Multi-Criteria Decision Analysis

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Multi-Criteria Decision Making Decision Support System Applications Game Theory and Voting Systems

Abstract

ABSTRACT Since multiple criteria characterise many practical decision problems, the research field of multicriteria decision analysis (MCDA) is flourishing. This paper compares the multi‐attribute decision making (MADM) methods, simple additive rating (SAR), simple additive weighting (SAW) as well as the outranking approach PROMETHEE and explains their similarities. We present a case study on industrial paint application and provide theoretical evidence that PROMETHEE can mimic other MADM algorithms. Copyright © 2011 John Wiley & Sons, Ltd.

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References

1979Prospect Theory: An Analysis of Decision under Risk 1988Prospect theory: An analysis of decision under risk 1982Judgment under Uncertainty 1982Judgment under uncertainty: Causality and attribution 2005Multiple Criteria Decision Analysis: State of the Art Surveys 1983Judgement under Uncertainty: Heuristics and Biases 2001Multiple Criteria Decision Analysis: An Integrated Approach 1986How to select and how to rank projects: The Promethee method

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