Multi-attribute decision making: A simulation comparison of select methods

European Journal of Operational Research

Volumn 107, Issue 3, 1998, Pages 507-529

  Zanakis, Stelios H ^a   Solomon, Anthony ^b   Wishart, Nicole ^a   Dublish, Sandipa ^c  

^a FLORIDA INTERNATIONAL UNIVERSITY   (United States)

^b OAKLAND UNIVERSITY   (United States)

^c FAIRLEIGH DICKINSON UNIVERSITY   (United States)

Author keywords

Decision theory; Multiple criteria analysis; Simulation; Utility theory

Indexed keywords

COMPUTER SIMULATION; DECISION MAKING; EIGENVALUES AND EIGENFUNCTIONS; MATHEMATICAL TRANSFORMATIONS; MATRIX ALGEBRA; PROBLEM SOLVING; STATISTICAL METHODS;

MULTI ATTRIBUTE DECISION MAKING (MADM) PROBLEMS; SIMPLE ADDITIVE WEIGHTING (SAW) METHODS; SOFTWARE PACKAGE ELECTRE; SOFTWARE PACKAGE TOPSIS;

DECISION THEORY;

EID: 0032099565     PISSN: 03772217     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0377-2217(97)00147-1     Document Type: Article

References (40)

1. Belton, V., 1986. A comparison of the analytic hierarchy process and a simple multi-attribute value function. European Journal of Operational Research 26, 7-21.
2. Belton, V., Gear, T., 1984. The legitimacy of rank reversal - A comment. Omega 13, 143-144.
3. Buchanan, J.T., Daellenbach, H.G., 1987. A comparative evaluation of interactive solution methods for multiple objective decision models. European Journal of Operational Research 29, 353-359.
4. Churchman, C.W., Ackoff, R.L., Arnoff, E.L., 1957. Introduction to Operations Research. Wiley, New York.
5. Currim, I.S., Sarin, R.K., 1984. A comparative evaluation of multiattribute consumer preference models. Management Science 30, 543-561.
6. Denpontin, M., Mascarola, H., Spronk, J., 1983. A user oriented listing of MCDM. Revue Belge de Researche Operationelle 23, 3-11.
7. Dyer, J., 1990. Remarks on the analytic hierarchy process. Management Science 36, 249-258.
8. Dyer, J., Fishburn, P., Steuer, R., Wallenius, J., Zionts, S., 1992. Multiple criteria decision making, multiattribute utility theory: The next ten years. Management Science 38, 645-654.
9. Gemunden, H.G., Hauschildt, J., 1985. Number of alternatives and efficiency in different types of top-management decisions. European Journal of Operational Research 22, 178-190.
10. Gershon, M.E., Duckstein, L., 1983. Multiobjective approaches to river basin planning. Journal of Water Resource Planning 109, 13-28.
11. Goicoechea, A., Stakhiv, E.Z., Li, F., 1992. Experimental evaluation of multiple criteria decision making models for application to water resources planning. Water Resources Bulletin 28, 89-102.
12. Gomes, L.F.A.M., 1989. Comparing two methods for multicriteria ranking of urban transportation system alternatives. Journal of Advanced Transportation 23, 217-219.
13. Harker, P.T., Vargas, L.G., 1990. Reply to "Remarks on the analytic hierarchy process" by J.S. Dyer. Management Science 36, 269-273.
14. Hobbs, B.F., 1986. What can we learn from experiments in multiobjective decision analysis. IEEE Transactions on Systems Management and Cybernetics 16, 384-394.
15. Hobbs, B.J., Chankong, V., Hamadeh, W., Stakhiv, E., 1992. Does choice of multicriteria method matter? An experiment in water resource planning. Water Resources Research 28, 1767-1779.
16. Hwang, C.L. Yoon, K.L., 1981. Multiple Attribute Decision Making: Methods and Applications. Springer-Verlag, New York.
17. Jelassi, M.T.J., Ozernoy, V.M., 1988. A framework for building an expert system for MCDM models selection. In: Lockett, A.G., Islei, G. (Eds.), Improving Decision Making in Organizations. Springer-Verlag, New York, pp. 553-562.
18. Karni, R., Sanchez, P., Tummala, V., 1990. A comparative study of multiattribute decision making methodologies. Theory and Decision 29, 203-222.
19. Kok, M., 1986. The interface with decision, makers, and some experimental results in interactive multiple objective programming methods. European Journal of Operational Research 26, 96-107.
20. Kok, M., Lootsma, F.A., 1985. Pairwise-camparison methods in multiple objective programming, with applications in a long-term energy-planning model. European Journal of Operational Research 22, 44-55.
21. Lockett, G., Stratford, M., 1987. Ranking of research projects: Experiments with two methods. Omega 15, 395-400.
22. Legrady, K., Lootsma, F.A., Meisner, J., Schellemans, F., 1984. Multicriteria decision analysis to aid budget allocation, In: Grower, M., Wierzbicki, A.P., (Eds.), Interactive Decision Analysis. Springer-Verlag, pp. 164-174.
23. Lootsma, F.A., 1990. The French and American school in multicriteria decision analysis. Recherche Operationelle 24, 263-285.
24. MacCrimmon, K.R., 1973. An overview of multiple objective decision making. In: Cochran, J.L., Zeleny, M. (Eds.), Multiple Criteria Decision Making, University of South Carolina Press, Columbia.
25. Olson, D.L., Moshkovich, H.M., Schellenberger, R., Mechitov, A.I., 1995. Consistency and accuracy in decision aids: Experiments with Tour multiattribute systems. Decision Sciences 16, 723-748.
26. Ozernoy, V.M., 1987. A framework for choosing the most appropriate discrete alternative MCDM in decision support and expert systems. In: Savaragi, Y., et al. (Eds.), Toward Interactive and Intelligent Decision Support Systems. Springer-Verlag, Heildelberg, pp. 56-64.
27. Ozernoy, V.M., 1992. Choosing the 'best' multiple criteria decision-making method. INFOR 30, 159-171.
28. Pomerol, J., 1993. Multicriteria DSS: State of the art and problems. Central European Journal for Operations Research and Economics 2, 197-212.
29. Roy, B., Bouyssou, D., 1986. Comparison of two decision-aid models applied to a nuclear power plant siting example. European Journal of Operational Research 25, 200-215.
30. Saaty, T.L., 1984. The legitimacy of rank reversal. OMEGA 12, 513-516.
31. Saaty, T.L., 1990. An exposition of the AHP in reply to the paper remarks on the analytic hierarchy process. Management Science 36, 259-268.
32. Schoemaker, P.J., Waid, C.C., 1982. An experimental comparison of different approaches to determining weights in additive utility models. Management Science 28, 182-196.
33. Stewart, T.J., 1992. A critical survey on the status of multiple criteria decision making theory and practice. OMEGA 20, 569-586.
34. Stillwell, W., Winterfeldt, D., John, R., 1987. Comparing hierarchical and nonhierarchical weighting methods for eliciting multiattribute value models. Management Science 33, 442-450.
35. Takeda, E., Cogger, K.O., Yu, P.L., 1987. Estimating criterion weights using eigenvectors: A comparative study. European Journal of Operational Research 29, 360-369.
36. Timmermans, D., Vlek, C., Handrickx, L., 1989. An experimental study of the effectiveness of computer-programmed decision support. In: Lockett, A.G., Islet, G. (Eds.). Improving Decision Making in Organizations. Springer-Verlag, Heidelberg, pp. 13-23.
37. Triantaphyllou, E., Mann, S.H., 1989. An examination of the effectiveness of multi-dimensional decision-making methods: A decision-making paradox. Decision Support Systems 5, 303-312.
38. Voogd, H., 1983. Multicritena Evaluation for Urban and Regional Planning. Pion, London.
39. Zahedi, F., 1986. A simulation study of estimation methods in the analytic hierarchy process. Socio-Economic Planning Sciences 20, 347-354.
40. Zanakis, S., Mandakovic, T., Gupta, S., Sahay, S., Hong, S., 1995. A review of program evaluation and fund allocation methods within the service and government sectors. Socio-Economic Planning Sciences 29, 59-79.