IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this paper or follow this series

Eigenvector Procedure based on Weighted Preference Flows in Multicriteria Outranking Analysis

  • Santha Chenayah

    (Faculty of Economics and Administration, University Malaya)

  • Eiji Takeda

    (Graduate School of Economics, Osaka University)

Registered author(s):

    The outranking analysis has been frequently used to deal with the complex decisions involving qualitative criteria and imprecise data. So far, various versions of ELECTRE have been proposed for ranking alternatives in the outranking analysis. Among others, ELECTRE III has been widely used. A distillation procedure using a qualification index is proposed to rank alternatives from the valued outranking relation. A weakness of ELECTRE III, however, is to involve the arbitrariness in the selection of the discrimination threshold function for the distillation procedure. On the other hand, various variants of PROMETHEE are also proposed for the outranking analysis. PROMETHEE intends to be simple and easy to understand. A deficiency of PROMETHEE is that it does not take into account the preference intensity of alternatives in the in-preference flow and out-preference flow for each alternative. We propose a new preference ranking procedure based on eigenvector using the gweightedh in- and outpreference flows of each alternative in the outranking analysis. The basic idea of the procedure proposed here is that it should be better to outrank a gstrongh alternative than a gweakh one and, conversely, it is less serious to be outranked by a gstrongh alternative than by gweakh one in a PROMETHEE context. It has a completely different interpretation with the AHP (Analytic Hierarchy Process) since the components of the valued outranking relation matrix are neither ratios nor reciprocal as in the AHP.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL: http://www2.econ.osaka-u.ac.jp/library/global/dp/0522.pdf
    Download Restriction: no

    Paper provided by Osaka University, Graduate School of Economics and Osaka School of International Public Policy (OSIPP) in its series Discussion Papers in Economics and Business with number 05-22.

    as
    in new window

    Length: 14 pages
    Date of creation: Aug 2005
    Date of revision:
    Handle: RePEc:osk:wpaper:0522
    Contact details of provider: Web page: http://www.econ.osaka-u.ac.jp/
    Email:


    More information through EDIRC

    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

    as in new window
    1. Brans, J. P. & Vincke, Ph. & Mareschal, B., 1986. "How to select and how to rank projects: The method," European Journal of Operational Research, Elsevier, vol. 24(2), pages 228-238, February.
    2. Bertrand Mareschal & Jean Pierre Brans, 1992. "PROMETHEE V: MCDM problems with segmentation constraints," ULB Institutional Repository 2013/9341, ULB -- Universite Libre de Bruxelles.
    3. B. Roy & Ph. Vincke, 1984. "Relational Systems of Preference with One or More Pseudo-Criteria: Some New Concepts and Results," Management Science, INFORMS, vol. 30(11), pages 1323-1335, November.
    4. De Keyser, Wim & Peeters, Peter, 1996. "A note on the use of PROMETHEE multicriteria methods," European Journal of Operational Research, Elsevier, vol. 89(3), pages 457-461, March.
    Full references (including those not matched with items on IDEAS)

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:osk:wpaper:0522. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Atsuko SUZUKI)

    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 references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link 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 profile, as there may be some citations waiting for confirmation.

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

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.