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Nearest solution to references method for multicriteria decision-making problems

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info:eu-repo/semantics/openAccess

Date

2021

Author

Aytekin, Ahmet
Durucasu, Hasan

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Citation

Aytekin, A., & Durucasu, H. (2021). Nearest solution to references method for multicriteria decision-making problems. Decision Science Letters, 10(2), 111-128.

Abstract

In MCDM problems, the decision maker is often ready to adopt the closest solution to the reference values in a choice or ranking problem. The reference values represent the desired results as established subjectively by the decision maker or determined through various scientific tools. In a criterion, the reference value could be the maximum value, the minimum value, or a specific value or range. Also, the acceptances degrees of ranges outside the reference may differ from each other in a criterion. Furthermore, measurements in a criterion may have been obtained with any of the nominal, ordinal, interval, and ratio scales. For the decision problems, including qualitative criteria, the solution cannot be achieved without scaling of criteria with the existing MCDM methods. The purpose of this study is to propose the Nearest Solution to References (REF) Method, a novel reference-based MCDM method, for the solution of decision problems having mixed data structure where references can be determined for criteria.

Source

Decision Science Letters

Volume

10

Issue

2

URI

https://hdl.handle.net/11494/2830

Collections

  • İşletme Bölümü Yayın Koleksiyonu [17]
  • Scopus İndeksli Yayınlar Koleksiyonu [879]



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