Multi-criteria as decisions

Multi actor multi criteria analysis (MAMCA) as a tool to support sustainable decisions: State of use

Optimal hierarchy structures for multi-attribute-criteria decisions

A problem of a hierarchy structure optimization is considered. Hierarchical structures are widely used in the Analytic Hierarchy Process, conjoint analysis, and various other methods of multiple criteria decision making. The problem consists in finding a structure that needs a minimum number of pair comparisons for a given total number of the alternatives. For an optimal hierarchy, the minimum ...

Energy Cooperatives as an Application of Microgrids: Multi-criteria Decision Support for Investment Decisions

The future of energy generation is expected to become increasingly decentralized. Today, many customers are already more than demand units, they also act as energy producers (prosumers) and thus active participants in the energy market. The development of energy cooperatives in recent years undermines this observation. Information and communication technologies (ICT) enable management of energy...

Evaluation of Ranking Accuracy in Multi-Criteria Decisions

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 t...

Dual Criteria Decisions

Abstract. The most popular models of decision making use a single criterion to evaluate projects or lotteries. However, decision makers may actually consider multiple criteria when evaluating projects. We consider a dual criteria model from psychology. This model integrates the familiar tradeoffs between risk and utility that economists traditionally assume, allowance for rank-dependent decisio...