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Trade-Offs for Ordinal Ranking Methods in Multi-criteria Decisions

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Group Decision and Negotiation. Theory, Empirical Evidence, and Application (GDN 2016)

Part of the book series: Lecture Notes in Business Information Processing ((LNBIP,volume 274))

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Abstract

Weight elicitation methods in multi-criteria decision analysis (MCDA) are often cognitively demanding, require too much precision and too much time and effort. Some of the issues may be remedied by connecting elicitation methods to an inference engine facilitating a quick and easy method for decision-makers to use weaker input statements, yet being able to utilize these statements in a method for decision evaluation. One important class of such methods ranks the criteria and converts the resulting ranking into numerical so called surrogate weights. We analyse the relevance of these methods and discuss how robust they are as candidates for modelling decision-makers and analysing multi-criteria decision problems under the perspectives of several stakeholders.

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Notes

  1. 1.

    In this paper the full features of the large variety of elicitation techniques will not be discussed. For more exhaustive discussion refer to [6].

  2. 2.

    For various cognitive and methodological aspects of imprecision in decision making, see e.g., [3] and others by the same authors.

  3. 3.

    Kendall’s tau was also computed and it does not deviate from the other findings in the tables. Thus, it is not shown in the tables.

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Correspondence to Love Ekenberg .

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Danielson, M., Ekenberg, L. (2017). Trade-Offs for Ordinal Ranking Methods in Multi-criteria Decisions. In: Bajwa, D., Koeszegi, S., Vetschera, R. (eds) Group Decision and Negotiation. Theory, Empirical Evidence, and Application. GDN 2016. Lecture Notes in Business Information Processing, vol 274. Springer, Cham. https://doi.org/10.1007/978-3-319-52624-9_2

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