On Solving Some Types of Multiple Attribute Decision-Making Problems
AbstractThe paper considers various MADM problems with different attributes, including stochastic, fuzzy, numerical (cardinal) attributes. Some known MADM problems are presented and procedures to transform different problems into cardinal ones are proposed. For analysing stochastic and fuzzy MADM problems, informational measures as entropy and informational energy are used. Finally, a computer dedicated package is presented and an application is mentioned.
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Bibliographic InfoArticle provided by Institute for Economic Forecasting in its journal Romanian Journal for Economic Forecasting.
Volume (Year): (2012)
Issue (Month): 1 (March)
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MADM problems; SAW; TOPSIS; fuzzy criteria; entropy; informational energy; survey and pool data;
Find related papers by JEL classification:
- C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
- C46 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Specific Distributions
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- Swenson, PA & McCahon, CS, 1991. "A MADM justification of a budget reduction decision," Omega, Elsevier, vol. 19(6), pages 539-548.
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