Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/178272 
Year of Publication: 
2016
Citation: 
[Journal:] Operations Research Perspectives [ISSN:] 2214-7160 [Volume:] 3 [Publisher:] Elsevier [Place:] Amsterdam [Year:] 2016 [Pages:] 92-117
Publisher: 
Elsevier, Amsterdam
Abstract: 
Different multi-criteria decision-making (MCDM) techniques require different levels of computational intensity and may produce different outputs, so selecting an appropriate technique largely determines the quality of the recommended decision and the effort required to obtain that decision. In most real environments, criteria and their constraints are not deterministic and cannot be specified precisely; therefore, those criteria are uncertain or fuzzy. To facilitate the selection of an appropriate MCDM method under a fuzzy environment, this study investigates and statistically compares the performances of ten commonly used MCDM techniques: simple additive weights (SAW), weighted product method (WPM), compromise programming (CP), technique for order preference by similarity to ideal solution (TOPSIS), four types of analytical hierarchy process (AHP), VIKOR (in Serbian: VIseKriterijumska Optimizacija I Kompromisno Resenje), and ELECTRE (in French: ELimination Et Choix Traduisant la REalité). These techniques' performances were compared using fuzzy criteria and constraints, matching the conditions usually found in real applications. To conduct the comparisons, the 10 multi-criteria decision ranking methods were applied to 1250 simulated sets of decision matrices with fuzzy triangular values, and 12,500 sets of ranks were analyzed to compare the ranking methods. SAW and TOPSIS had statistically similar performances. ELECTRE was not preferable in providing full, sorted ranks among the alternatives. VIKOR considering its ranking process, for specific conditions, assigns identical ranks for several alternatives; when full, sorted ranks are required, VIKOR is unfavorable, although it is a powerful technique in introducing the closest alternative to the ideal condition. Types 1 and 3 of AHP and types 2 and 4 of AHP had close performances. Notably, no ranking method was significantly sensitive to uncertainty levels when uncertainty changed symmetrically.
Subjects: 
Statistical analysis of ranking methods
Fuzzy environment
Multi-criteria decision-making
Defuzzification
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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