Engineering Commons^™

Study Of Ranking Irregularities When Evaluating Alternatives By Using Some Electre Methods And A Proposed New Mcdm Method Based On Regret And Rejoicing, Xiaoting Wang

LSU Master's Theses

Multi-criteria decision-making (MCDM) is one of the most widely used decision methodologies in the sciences, business, and engineering worlds. MCDM methods aim at improving the quality of decisions by making the process more explicit, rational, and efficient. One intriguing problem is that oftentimes different methods may yield different answers to the same decision problem. Thus, the issue of evaluating the relative performance of different MCDM methods is raised. One evaluating procedure is to examine the stability of an MCDM method’s mathematical process by checking the validity of its proposed rankings. The ELECTRE II and III methods are two well-known MCDM …