On the Similarities of Some Multi-Criteria Decision Analysis Methods

On the Similarities of Some Multi-Criteria Decision Analysis Methods

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Article ID: iaor201113076
Volume: 18
Issue: 3-4
Start Page Number: 219
End Page Number: 230
Publication Date: May 2011
Journal: Journal of Multi-Criteria Decision Analysis
Authors: ,
Keywords: decision theory: multiple criteria
Abstract:

Since multiple criteria characterise many practical decision problems, the research field of multicriteria decision analysis (MCDA) is flourishing. This paper compares the multi-attribute decision making (MADM) methods, simple additive rating (SAR), simple additive weighting (SAW) as well as the outranking approach PROMETHEE and explains their similarities. We present a case study on industrial paint application and provide theoretical evidence that PROMETHEE can mimic other MADM algorithms.

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