Open AccessApplications of Some Rating Methods to Solve Multicriteria Decision-Making Problems
Author(s) -
Joseph Gogodze
Publication year - 2020
Publication title -
statistics, optimization and information computing
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.297
H-Index - 12
eISSN - 2311-004X
pISSN - 2310-5070
DOI - 10.19139/soic-2310-5070-750
Subject(s) - ranking (information retrieval) , computer science , operations research , management science , rating system , risk analysis (engineering) , machine learning , engineering , business , environmental economics , economics
This study proposes a new approach for the solution of multicriteria decision-making problems. The proposed approach is based on using rating/ranking methods. Particularly, in this paper, we investigate the possibility of applying Massey, Colley, Keener, offence-defence, and authority-hub rating methods, which are successfully used in various fields. The proposed approach is useful when no decision-making authority is available or when the relative importance of various criteria has not been previously evaluated. The proposed approach is tested with an example problem to demonstrate its viability and suitability for application.