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Article . 2006 . Peer-reviewed
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Evaluation of Ranking Accuracy in Multi-Criteria Decisions

Authors: Zavadskas, Edmundas Kazimieras; Zakarevičius, Algimantas; Antuchevičienė, Jurgita;

Evaluation of Ranking Accuracy in Multi-Criteria Decisions

Abstract

The paper analyses the problem of ranking accuracy in multiple criteria decision-making (MCDM) methods. The methodology for measuring the accuracy of determining the relative significance of alternatives as a function of the criteria values is developed. An algorithm of the Technique for the Order Preference by Similarity to Ideal Solution (TOPSIS) that applies criteria values' transformation through a normalization of vectors and the linear transformation is considered. A computational experiment is presented, to compare the results of a multiple criteria analysis and the ranking accuracy in a particular situation.

Country
Lithuania
Related Organizations
Keywords

Vector normalization, Linear normalization, Ranking accuracy, Confidence interval, Standard deviation, Construction manage-break ment, Multi-criteria optimisation, TOPSIS, Decision-making

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    influence
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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
129
Top 1%
Top 1%
Top 10%
gold