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Evaluation of Ranking Accuracy in Multi-Criteria Decisions (2006)
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BibTeX
@MISC{Zavadskas06evaluationof,
author = {Edmundas Kazimieras Zavadskas and Algimantas Zakarevicius},
title = {Evaluation of Ranking Accuracy in Multi-Criteria Decisions},
year = {2006}
}
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Abstract
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 sig-nificance of alternatives as a function of the criteria values is developed. An algorithm of the Tech-nique 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.
