Practical common weight multi-criteria decision-making approach with an improved discriminating power for technology selection

Practical common weight multi-criteria decision-making approach with an improved discriminating power for technology selection

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Article ID: iaor20053241
Country: United Kingdom
Volume: 43
Issue: 8
Start Page Number: 1537
End Page Number: 1554
Publication Date: Jan 2005
Journal: International Journal of Production Research
Authors: ,
Keywords: Technology selection
Abstract:

A practical common weight multi-criteria decision-making (MCDM) methodology with an improved discriminating power for technology selection is introduced. The proposed MCDM methodology enables the evaluation of the relative efficiency of decision-making units (DMUs) with respect to multiple outputs and a single exact input. Its robustness and discriminating power are illustrated via a previously reported robot evaluation problem by comparing the ranking obtained by the proposed MCDM framework with that obtained by the cross-efficiency analysis, which is a well-known data envelopment analysis-based methodology. The results indicate that the proposed methodology enables further ranking of data envelopment analysis-efficient DMUs with a notable saving in computations compared with cross-efficiency analysis. Finally, the proposed MCDM framework is extended to incorporate ordinal as well as exact outputs, and an application is presented to illustrate the methodology.

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