Multi-criteria decision-making (MCDM) can be formally implemented by various methods. This study compares suitability of four selected MCDM methods, namely WPM, TOPSIS, VIKOR, and PROMETHEE, for future applications in agent-based computational economic (ACE) models of larger scale (i.e., over 10 000 agents in one geographical region). These four MCDM methods were selected according to their app...

Multiple attributes group decision making (MAGDM) is regarded as the process of determining the best feasible solution by a group of experts or decision makers according to the attributes that represent different effects. In assessing the performance of each alternative with respect to each attribute and the relative importance of the selected attributes, quantitative/qualitative evaluations ar...

This study suggests a framework to prioritize the plans in strategic environmental assessment (SEA) with incomplete information. The Monte Carlo method for the data gaps in SEA and the VIseKriterijumska Optimizacija I Kompromisno Resenje (VIKOR) method, which is a multicriteria decision analysis (MCDA) method, are used. The VIKOR method is used to prioritize the plans based on a number of decis...

Aiming at the target recognition problem of multi-sensor with multiple characteristic indexes, a new fusion method is proposed. The method firstly substitutes the distance of confidence for the ordinary attribute values, and the weights of attributes are derived by solving the optimal programming of maximizing the total square deviation of the confidence distance for all attributes. Then accord...

Recently, resolving the problem of evaluation and ranking the potential suppliers has become as a key strategic factor for business firms. With the development of intelligent and automated information systems in the information era, the need for more efficient decision making methods is growing. The VIKOR method was developed to solve multiple criteria decision making (MCDM) problems with confl...

This paper presents a group multi-criteria DEMATEL and VIKOR decision analysis method with interval type-2 fuzzy sets. In order to compare normal fuzzy trapezoidal numbers, we convert them into crisp values using graded mean integration representation. By a case study for selection of business intelligence platform, we prove that the proposed combination is a feasible solution that can work wit...

Problem statement: The “Energy Policy for Europe, EPE” and three environmental directives, proposed by the European Union (EU) in 2007, are stricter than those self-restrained by the enterprises. For this reason, the enterprises have to shortly improve their products for meeting with the strict requests setup by the EU. Consequently, it becomes even more important that the manufacturers evaluat...