PROMETHEE I Method Application for Identification of the Best Alternative
Journal Title: Verslas: teorija ir praktika - Year 2009, Vol 10, Issue 2
Abstract
Decision making in human activity is often about an ability to make the best choice among a few possible alternatives. Such tasks could be selection of a technological or investment project, comparative analysis of commercial activity, financial strength or strategic potential of a number of enterprises, assessment of development level of different countries or country regions, etc. A considerable recent usage increase of multicriteria methods in quantitative analysis of social or economic phenomena is clearly observed. Such methods, but with deeper logic are using the so-called preference functions. PROMETHEE methods are such methods. Choice of the functions and their parameters is made by decision-makers. Chronologically, the first such a method is called PROMETHEE I. It furnished its core logic for all subsequent PROMETHEE methods. In such cases, when multi-criteria methods do not offer the best alternative, PROMETHEE I does it.
Authors and Affiliations
Valentinas Podvezko, Askoldas Podviezko
Keywords
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- EP ID EP83248
- DOI 10.3846/1648-0627.2009.10.84-92
- Views 131
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