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On the Similarities of Some Multi‐Criteria Decision Analysis Methods
Author(s) -
Geldermann Jutta,
Schöbel Anita
Publication year - 2011
Publication title -
journal of multi‐criteria decision analysis
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.462
H-Index - 47
eISSN - 1099-1360
pISSN - 1057-9214
DOI - 10.1002/mcda.468
Subject(s) - multiple criteria decision analysis , weighting , simple (philosophy) , computer science , decision analysis , field (mathematics) , flourishing , operations research , management science , artificial intelligence , mathematics , engineering , statistics , psychology , medicine , philosophy , epistemology , pure mathematics , psychotherapist , radiology
Since multiple criteria characterise many practical decision problems, the research field of multicriteria decision analysis (MCDA) is flourishing. This paper compares the multi‐attribute decision making (MADM) methods, simple additive rating (SAR), simple additive weighting (SAW) as well as the outranking approach PROMETHEE and explains their similarities. We present a case study on industrial paint application and provide theoretical evidence that PROMETHEE can mimic other MADM algorithms. Copyright © 2011 John Wiley & Sons, Ltd.