Combined Multi-Criteria Decision Making Approach Based on MACBETH and MULTI-MOORA Methods
Journal Title: Alphanumeric Journal - Year 2016, Vol 4, Issue 1
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.
Authors and Affiliations
Nilsen Kundakcı
Keywords
Related Articles
- EP ID EP196720
- DOI 10.17093/aj.2016.4.1.5000178402
- Views 139
- Downloads 0
Measuring the Relative Efficiencies of Statistics Departments in Turkey Using Data Envelopment Analysis
Determinants of success of an education system can be the facilities offered during an educational process and the qualifications obtained afterwards. However, conversion of the offered facilities into outputs efficientl...
Determinants of Mobile Penetration to Forecast New Broadband Adoption: OECD Case
This paper aims to analyze relationship between Mobile penetration and various indicators of communication infrastructure throughout OECD countries. Panel data is utilized for the purpose of this study. In order to contr...
Combined Multi-Criteria Decision Making Approach Based on MACBETH and MULTI-MOORA Methods
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 confli...
A SWOT-AHP Approach for Assessment of Medical Tourism Sector in Turkey
Each year, the citizens of many countries in the world visit different countries for the treatment of health problems. Turkey that offers quality, technology-driven and reasonably priced treatment service within the scop...
Multi-Objective Optimization Of Build-Operate-Transfer (BOT) Tender Problem For Private Sector Companies
Today, around the world, Build-Operate-Transfer (BOT) project finance model is used frequently in numerous projects. One key aspect to the success of project company who wishing to gain BOT tender is to prepare a financi...