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: | Schbel Anita, Geldermann Jutta |
Keywords: | decision theory: multiple criteria |
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.