Identifying Spatial Hazard Ranking Using Multicriteria Decision Making Techniques

Spatial Multicriteria Decision Making

DEFINITION Multicriteria analysis is generally defined as “a decision-aid and a mathematical tool allowing the comparison of different alternatives or scenarios according to many criteria, often conflicting, in order to guide the decision maker towards a judicious choice” [12]. The set of decision alternatives considered in a given problem is often denoted by A and called the set of potential a...

Multicriteria decision making using fuzzy quantifiers

Many financial decisions involve a need to satisfy multiple criteria (goals). This situation becomes particularly apparent in problems of investment allocation where we are faced with the problem of selecting from a collection of alternative investment packages one that meets our subjective goals such as growth, security and a reasonable return on investment. Another closely related problem, on...

Ranking Decision Making Units, using Non-radial Model, applying Bootstrap

Data envelopment analysis (DEA) is a mathematical programming method in Operations Research that can be used to distinguish between efficient and inefficient decision making units (DMUs). However, the conventional DEA models do not have the ability to rank the efficient DMUs. This article suggests bootstrapping method for ranking measures of technical efficiency as calculated via non-radial mod...

Ranking Decision-Making Units Using Double-Frontier Analysis ‎Approach

Data envelopment analysis is a nonparametric method for measuring the performance of a set of decision-making units (DMUs) that consume multiple inputs to produce multiple outputs. Using this approach, the performance of DMUs is measured from both optimistic and pessimistic views. However, their results are very misleading and even contradictory in many cases. Indisputably, different performanc...

Multicriteria Optimization and Decision Making