IDEAS home Printed from https://ideas.repec.org/a/anm/alpnmr/v4y2016i1p17-26.html
   My bibliography  Save this article

Combined Multi-Criteria Decision Making Approach Based on MACBETH and MULTI-MOORA Methods

Author

Listed:
  • Nilsen Kundakcı

Abstract

Various Multi-Criteria Decision Making (MCDM) methods have been developed to support decision making process. The main aim of all MCDM methods is to obtain ranking of the alternatives and select the best one under conflicting criteria. In this paper, a combined MCDM approach is proposed based on MACBETH (Measuring Attractiveness by a Categorical Based Evaluation TecHnique) and MULTI-MOORA (Multi Objective Optimization on the basis of Ratio Analysis) methods. In this combined approach, the weights of the criteria are determined with MACBETH method and then MULTI-MOORA method is used to obtain the final ranking of the alternatives. At the end of the paper, to illustrate the applicability of the proposed approach an application of the automobile selection of a marble company is also given.

Suggested Citation

  • Nilsen Kundakcı, 2016. "Combined Multi-Criteria Decision Making Approach Based on MACBETH and MULTI-MOORA Methods," Alphanumeric Journal, Bahadir Fatih Yildirim, vol. 4(1), pages 17-26, April.
    • Handle: RePEc:anm:alpnmr:v:4:y:2016:i:1:p:17-26
    DOI: http://dx.doi.org/10.17093/aj.2016.4.1.5000178402
    as

    Download full text from publisher

    File URL: https://www.alphanumericjournal.com/media/Issue/volume-4-issue-1-2016/combined-multi-criteria-decision-making-approach-based-on-ma_Dq5AtOG.pdf
    Download Restriction: no
    File URL: https://alphanumericjournal.com/article/combined-multi-criteria-decision-making-approach-based-on-macbeth-and-multi-moora-methods/
    Download Restriction: no
    File URL: https://libkey.io/http://dx.doi.org/10.17093/aj.2016.4.1.5000178402?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. G. Sakthivel & M. Ilangkumaran & G. Nagarajan & A. Raja & P.M. Ragunadhan & J. Prakash, 2013. "A hybrid MCDM approach for evaluating an automobile purchase model," International Journal of Information and Decision Sciences, Inderscience Enterprises Ltd, vol. 5(1), pages 50-85.
    2. Bana e Costa, Carlos A. & Nunes da Silva, Fernando & Vansnick, Jean-Claude, 2001. "Conflict dissolution in the public sector: A case-study," European Journal of Operational Research, Elsevier, vol. 130(2), pages 388-401, April.
    3. Willem Karel M. Brauers & Edmundas Kazimieras Zavadskas & Zenonas Turskis & Tatjana Vilutiene, 2008. "Multi‐objective contractor's ranking by applying the Moora method," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 9(4), pages 245-255, July.
    4. Bana e Costa, Carlos A. & Ensslin, Leonardo & Correa, Emerson C. & Vansnick, Jean-Claude, 1999. "Decision Support Systems in action: Integrated application in a multicriteria decision aid process," European Journal of Operational Research, Elsevier, vol. 113(2), pages 315-335, March.
    5. Bana e Costa, Carlos A. & Chagas, Manuel P., 2004. "A career choice problem: An example of how to use MACBETH to build a quantitative value model based on qualitative value judgments," European Journal of Operational Research, Elsevier, vol. 153(2), pages 323-331, March.
    6. Roubens, Marc & Rusinowska, Agnieszka & de Swart, Harrie, 2006. "Using MACBETH to determine utilities of governments to parties in coalition formation," European Journal of Operational Research, Elsevier, vol. 172(2), pages 588-603, July.
    7. Willem Karel M. Brauers & Romualdas Ginevičius, 2009. "Robustness in regional development studies. The case of Lithuania," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 10(2), pages 121-140, February.
    8. Cliville, Vincent & Berrah, Lamia & Mauris, Gilles, 2007. "Quantitative expression and aggregation of performance measurements based on the MACBETH multi-criteria method," International Journal of Production Economics, Elsevier, vol. 105(1), pages 171-189, January.
    9. Bana e Costa, Carlos A. & Corrêa, Émerson C. & De Corte, Jean-Marie & Vansnick, Jean-Claude, 2002. "Facilitating bid evaluation in public call for tenders: a socio-technical approach," Omega, Elsevier, vol. 30(3), pages 227-242, June.
    10. Bana e Costa, Carlos A. & Oliveira, Rui Carvalho, 2002. "Assigning priorities for maintenance, repair and refurbishment in managing a municipal housing stock," European Journal of Operational Research, Elsevier, vol. 138(2), pages 380-391, April.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Alessio Ishizaka & Maynard Gordon, 2017. "MACBETHSort: a multiple criteria decision aid procedure for sorting strategic products," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 68(1), pages 53-61, January.
    2. María Carmen Carnero, 2020. "Fuzzy Multicriteria Models for Decision Making in Gamification," Mathematics, MDPI, vol. 8(5), pages 1-23, May.
    3. Bana e Costa, Carlos A. & Carnero, María Carmen & Oliveira, Mónica Duarte, 2012. "A multi-criteria model for auditing a Predictive Maintenance Programme," European Journal of Operational Research, Elsevier, vol. 217(2), pages 381-393.
    4. Fernando A. F. Ferreira & Sérgio P. Santos, 2021. "Two decades on the MACBETH approach: a bibliometric analysis," Annals of Operations Research, Springer, vol. 296(1), pages 901-925, January.
    5. Rodrigues, Teresa C. & Montibeller, Gilberto & Oliveira, Mónica D. & Bana e Costa, Carlos A., 2017. "Modelling multicriteria value interactions with Reasoning Maps," European Journal of Operational Research, Elsevier, vol. 258(3), pages 1054-1071.
    6. Jaime Burgos & María Carmen Carnero, 2020. "Assessment of Social Responsibility in Education in Secondary Schools," Sustainability, MDPI, vol. 12(12), pages 1-38, June.
    7. Carayannis, Elias G. & Ferreira, Fernando A.F. & Bento, Paulo & Ferreira, João J.M. & Jalali, Marjan S. & Fernandes, Bernardo M.Q., 2018. "Developing a socio-technical evaluation index for tourist destination competitiveness using cognitive mapping and MCDA," Technological Forecasting and Social Change, Elsevier, vol. 131(C), pages 147-158.
    8. Brice Mayag & Michel Grabisch & Christophe Labreuche, 2011. "A representation of preferences by the Choquet integral with respect to a 2-additive capacity," Theory and Decision, Springer, vol. 71(3), pages 297-324, September.
    9. Carlos A. Bana e Costa & João C. Lourenço & Manuel P. Chagas & João C. Bana e Costa, 2008. "Development of Reusable Bid Evaluation Models for the Portuguese Electric Transmission Company," Decision Analysis, INFORMS, vol. 5(1), pages 22-42, March.
    10. Bana e Costa, Carlos A. & Lourenço, João C. & Chagas, Manuel P. & Bana e Costa, João C., 2007. "Development of reusable bid evaluation models for the Portugese Electric Transmission Company," LSE Research Online Documents on Economics 22697, London School of Economics and Political Science, LSE Library.
    11. Carnero, María Carmen & Gómez, Andrés, 2017. "Maintenance strategy selection in electric power distribution systems," Energy, Elsevier, vol. 129(C), pages 255-272.
    12. Bana e Costa, Carlos A. & Oliveira, Mónica D., 2012. "A multicriteria decision analysis model for faculty evaluation," Omega, Elsevier, vol. 40(4), pages 424-436.
    13. F A F Ferreira & S P Santos & P M M Rodrigues, 2011. "Adding value to bank branch performance evaluation using cognitive maps and MCDA: a case study," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 62(7), pages 1320-1333, July.
    14. Bana e Costa, Carlos A. & Oliveira, Mónica D. & Vieira, Ana C.L. & Freitas, Liliana & Rodrigues, Teresa C. & Bana e Costa, João & Freitas, Ângela & Santana, Paula, 2023. "Collaborative development of composite indices from qualitative value judgements: The EURO-HEALTHY Population Health Index model," European Journal of Operational Research, Elsevier, vol. 305(1), pages 475-492.
    15. Brice Mayag & Michel Grabisch & Christophe Labreuche, 2009. "A characterization of the 2-additive Choquet integral through cardinal information," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00445132, HAL.
    16. Bana e Costa, Carlos A. & Oliveira, Carlos S. & Vieira, Victor, 2008. "Prioritization of bridges and tunnels in earthquake risk mitigation using multicriteria decision analysis: Application to Lisbon," Omega, Elsevier, vol. 36(3), pages 442-450, June.
    17. Tsoukias, Alexis, 2008. "From decision theory to decision aiding methodology," European Journal of Operational Research, Elsevier, vol. 187(1), pages 138-161, May.
    18. Gomes, Luís S. & Santos, Sérgio P. & Coelho, Luís Serra & Rebelo, Efigénio L., 2023. "Using MCDA to assist an Intermunicipal community develop a resilience strategy in face of the pandemic caused by the SARS-CoV-2," Socio-Economic Planning Sciences, Elsevier, vol. 87(PB).
    19. Labreuche, Christophe & Grabisch, Michel, 2006. "Generalized Choquet-like aggregation functions for handling bipolar scales," European Journal of Operational Research, Elsevier, vol. 172(3), pages 931-955, August.
    20. Carlos Bana e Costa & Paula Antão da Silva & Francisco Nunes Correia, 2004. "Multicriteria Evaluation of Flood Control Measures: The Case of Ribeira do Livramento," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 18(3), pages 263-283, June.

    More about this item

    Keywords

    Automobile Selection; MACBETH; MULTI-MOORA; Multi Criteria Decision Making;
    All these keywords.

    JEL classification:

    • C44 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Operations Research; Statistical Decision Theory

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:anm:alpnmr:v:4:y:2016:i:1:p:17-26. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Bahadir Fatih Yildirim (email available below). General contact details of provider: https://www.alphanumericjournal.com/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.