Shi, Yong, Wang, Shouyang, Wallenius, Jyrki, Kou, Gang
Abstract This paper discusses the concept of using rank variation concerning the stakeholder prioritising of importance criteria for exploring the sensitivity of criteria weights in multi-criteria analysis (MCA). Thereby the robustness of the MCA-based decision support can be tested. The analysis described is based on the fact that when using MCA as a decision-support tool, questions often arise about the weighting (or prioritising) of the included criteria. This part of the MCA is seen as the most subjective part and could give reasons for discussion among the decision makers or stakeholders. Furthermore, the relative weights can make a large difference in the resulting assessment of alternatives (Hobbs and Meier 2000). Therefore it is highly relevant to introduce a procedure for estimating the importance of criteria weights. This paper proposes a methodology for estimating the robustness of weights used in additive utility models.
Lecture Notes in Economics and Mathematical Systems: Selected Papers of the 20th International Conference on Multiple Criteria Decision Making 2009, 2011, p. 59-67
Decision-support tool; Multi-criteria analysis; Rank order distribution; Stakeholder preference; COSIMA
Main Research Area:
Lecture Notes in Economics and Mathematical Systems
The 20th International Conference on Multiple Criteria Decision Making, 2011