Article ID: | iaor2010505 |
Volume: | 48 |
Issue: | 3 |
Start Page Number: | 488 |
End Page Number: | 497 |
Publication Date: | Feb 2010 |
Journal: | Decision Support Systems |
Authors: | Ishizaka Alessio, Giannoulis Christos |
Keywords: | decision theory: multiple criteria |
Reliance upon multi-criteria decision methods, like ELECTRE III, has increased many folds in the past few years. However, ELECTRE III has not yet been applied in ranking universities. League tables are important because they may have an impact on the number and quality of the students. The tables serve an indication of prestige. This paper describes a three-tier Web-system, which produces a customised ranking of British Universities with ELECTRE III reflecting personal preferences, where information is uncertain and vague. Using this case study, the benefits of ELECTRE III in the ranking process are illustrated.