Influence of models and scales on the ranking of multiattribute alternatives

Abstract

ABSTRACT. This paper presents an application of three multiple criteria methods to determining rank of residential real estate options. Methods SAW and TODIM are based on eliciting the decision maker's preferences (weights and values) directly in a quantitative form while using linear (SAW) and non-linear (TODIM) aggregation functions for alternatives' evaluation. ZAPROS seeks and uses preferences in an ordinal form as an indirect comparison of trade-offs between criteria. Advantages and disadvantages of different approaches are discussed.

Robustness Analysis in a Todim-Based Multicriteria Evaluation Model of Rental Properties

“…Today different extensions of the TODIM method are available that can deal with either fuzzy or hybrid data (Fan et al 2013;Krohling, Souza 2012;Chen et al 2010). Applications of TODIM have covered a wide spectrum of situations such as real estate evaluation (Moshkovich et al 2012(Moshkovich et al , 2011), business planning (Rangel et al 2011, energy resource management (Gomes et al 2010, hospital management (Nobre et al 1999), and road planning (Gomes, Lima 1991). The fact that TODIM is founded on Prospect Theory is reflected in the shape of its value function.…”

The Evaluation of the Contractor’s Risk in Implementing the Investment Projects in Construction by Using the Verbal Analysis Methods

“…">Verbal Analysis and Its PotentialitiesVerbal analysis methods (VAM) are based on the principles presented in Figure 1. All the above-mentioned principles state that the methods of verbal analysis have mathematical and psychological backgrounds [30,[39][40][41][42]. Sustainability 2019, 11, x FOR PEER REVIEW 2 of 19as the most important risk management stage, should also become one of the most significant steps in the company's investment decision-making.…”