A comparative analysis of multi-criteria decision-making methods

Ceballos, Blanca; Lamata, María Teresa; Pelta, David A.

doi:10.1007/s13748-016-0093-1

Cited by 121 publications

(67 citation statements)

References 14 publications

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“…8, where the authors evaluate several methods on randomly generated decision problems with precise information. A more extensive work was presented in Ref.…”

Section: Introductionmentioning

confidence: 99%

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Fuzzy Multicriteria Decision-Making Methods: A Comparative Analysis

Ceballos

Lamata

Pelta

2016

Int. J. Intell. Syst.

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Given a multicriteria decision‐making problem, an obvious question emerges: Which method should be used to solve it? Although some efforts had been made, the question remains open. The aim of this contribution is to compare a set of multicriteria decision‐making methods sharing three features: same fuzzy information as input data, the need of a data normalization procedure, and quite similar information processing. We analyze the rankings produced by fuzzy MULTIMOORA, fuzzy TOPSIS (with two normalizations), fuzzy VIKOR, and fuzzy WASPAS with different parameterizations, over 1200 randomly generated decision problems. The results clearly show their similarities and differences, the impact of the parameters settings, and how the methods can be clustered, thus providing some guidelines for their selection and usage.

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“…8, where the authors evaluate several methods on randomly generated decision problems with precise information. A more extensive work was presented in Ref.…”

Section: Introductionmentioning

confidence: 99%

“…A more extensive work was presented in Ref. 8, where the authors evaluate several methods on randomly generated decision problems with precise information. Other authors also compared several methods but over specific decision problems (a quite narrow scope).…”

Section: Introductionmentioning

confidence: 99%

Fuzzy Multicriteria Decision-Making Methods: A Comparative Analysis

Ceballos

Lamata

Pelta

2016

Int. J. Intell. Syst.

Self Cite

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“…Presently, the literature review allows to observe a number of approaches (MCDA methods) based on the above American and European approaches [44]. Discussions about the up-to-date MCDA methods can be found inter alia in [45, 46].…”

Section: Methodsmentioning

confidence: 99%

Multi-criteria decision support for planning and evaluation of performance of viral marketing campaigns in social networks

2018

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The current marketing landscape, apart from conventional approaches, consists of campaigns designed especially for launching information diffusion processes within online networks. Associated research is focused on information propagation models, campaign initialization strategies and factors affecting campaign dynamics. In terms of algorithms and performance evaluation, the final coverage represented by the fraction of activated nodes within a target network is usually used. It is not necessarily consistent with the real marketing campaigns using various characteristics and parameters related to coverage, costs, behavioral patterns and time factors for overall evaluation. This paper presents assumptions for a decision support system for multi-criteria campaign planning and evaluation with inputs from agent-based simulations. The results, which are delivered from a simulation model based on synthetic networks in a form of decision scenarios, are verified within a real network. Last, but not least, the study proposes a multi-objective campaign evaluation framework with several campaign evaluation metrics integrated. The results showed that the recommendations generated with the use of synthetic networks applied to real networks delivered results according to the decision makers’ expectation in terms of the used evaluation criteria. Apart from practical applications, the proposed multi-objective approach creates new evaluation possibilities for theoretical studies focused on information spreading processes within complex networks.

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“…Over the years, the use of explanatory/rational design decision making has dominated practice. Chen, Kim [60] highlight that with such practices, decision making relies on ad hoc processes lacking consistency. The lack of a structured approach in such decision-making methods also suggests simplistic relationships among attributes and criteria that not only ignores the complex interdependences; but also that sensitivity within data is difficult to assess.…”

Section: Decision-making Techniques In Designmentioning

confidence: 99%

A Utilitarian Decision—Making Approach for Front End Design—A Systematic Literature Review

2020

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The complexity of construction processes often means interaction between various stakeholders, activities and tasks in order to deliver the expected outcomes. The intensity and dynamics of front-end design (FED) mean decision techniques and methods are important in supporting projects benefits delivery more importantly those based on utility of decision making. This paper explores a new utilitarian decision-making approach based on a systematic literature review of FED decision making. It presents the state of the art in design decision making concepts and analysis of tools over the last 10 years (2009–2019). From a total of 111 peer-reviewed journal papers, fifteen decision-making techniques are identified as dominant in design decision making, broadly grouped in four major categories as explanatory/rational, Multi Criteria Decision Making techniques (MCDM), Hybrid and Visual methods. The review finds that the most applied of the MCDM is Quality Function Deployment (QFD); while among the rational/explanatory techniques is set-based design (SBD). While there is limited application of Multi Attribute Utility Theory (MAUT) in decision making, the paper finds that the robust consistency and structured approach better captures the intricate dynamics of FED; including modelling of the subjectivity, interdependences and uncertainty in design discourse.

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A comparative analysis of multi-criteria decision-making methods

Cited by 121 publications

References 14 publications

Fuzzy Multicriteria Decision-Making Methods: A Comparative Analysis

Fuzzy Multicriteria Decision-Making Methods: A Comparative Analysis

Multi-criteria decision support for planning and evaluation of performance of viral marketing campaigns in social networks

A Utilitarian Decision—Making Approach for Front End Design—A Systematic Literature Review

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