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Trade-Offs for Ordinal Ranking Methods in Multi-Criteria Decisions
Stockholm University, Faculty of Social Sciences, Department of Computer and Systems Sciences. International Institute of Applied Systems Analysis, IIASA, Austria.
Stockholm University, Faculty of Social Sciences, Department of Computer and Systems Sciences. International Institute of Applied Systems Analysis, IIASA, Austria.
2017 (English)In: Group Decision and Negotiation. Theory, Empirical Evidence, and Application: 16th International Conference, GDN 2016, Bellingham, WA, USA, June 20-24, 2016, Revised Selected Papers / [ed] Deepinder Bajwa, Sabine T. Koeszegi, Rudolf Vetschera, Springer, 2017, 16-27 p.Conference paper, Published paper (Refereed)
Abstract [en]

Weight elicitation methods in multi-criteria decision analysis (MCDA) are often cognitively demanding, require too much precision and too much time and effort. Some of the issues may be remedied by connecting elicitation methods to an inference engine facilitating a quick and easy method for decision-makers to use weaker input statements, yet being able to utilize these statements in a method for decision evaluation. One important class of such methods ranks the criteria and converts the resulting ranking into numerical so called surrogate weights. We analyse the relevance of these methods and discuss how robust they are as candidates for modelling decision-makers and analysing multi-criteria decision problems under the perspectives of several stakeholders.

Place, publisher, year, edition, pages
Springer, 2017. 16-27 p.
Series
Lecture Notes in Business Information Processing, ISSN 1865-1348 ; 274
Keyword [en]
Multi-criteria decision analysis, Criteria weights, Criteria ranking, Rank order
National Category
Information Systems
Research subject
Computer and Systems Sciences
Identifiers
URN: urn:nbn:se:su:diva-137497DOI: 10.1007/978-3-319-52624-9_2ISBN: 978-3-319-52623-2 (print)ISBN: 978-3-319-52624-9 (print)OAI: oai:DiVA.org:su-137497DiVA: diva2:1062772
Conference
16th International Conference, GDN 2016, Bellingham, WA, USA, June 20-24, 2016
Available from: 2017-01-08 Created: 2017-01-08 Last updated: 2017-06-22Bibliographically approved

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