Ranking Projects Using the ELECTRE Method

نویسنده

  • John Buchanan
چکیده

Ranking and selecting projects is a relatively common, yet often difficult task. It is complicated because there is usually more than one dimension for measuring the impact of each project and more than one decision maker. This paper considers a real application of project selection for ECNZ, Northern Generation, using an approach called ELECTRE. The ELECTRE method has several unique features not found in other solution methods; these are the concepts of outranking and indifference and preference thresholds. The ELECTRE method is explained and applied to the project selection problem using a Visual Basic application within Microsoft Excel. Results show that ELECTRE was well received by the decision makers and, importantly, provided sensible and straightforward rankings.

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تاریخ انتشار 1998