A generalized approach for multi-criteria decision aid methods
<p dir="ltr">Outranking methods were developed for solving Multi-Criteria Decision-Making (MCDM) problems with a finite set of alternatives. In this paper, we propose a comprehensive framework that extends the application of outranking methods for solving MCDM problems with continuou...
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2025
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| _version_ | 1864513540029677568 |
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| author | Moussa Larbani (22224967) |
| author2 | Belaid Aouni (20199564) |
| author2_role | author |
| author_facet | Moussa Larbani (22224967) Belaid Aouni (20199564) |
| author_role | author |
| dc.creator.none.fl_str_mv | Moussa Larbani (22224967) Belaid Aouni (20199564) |
| dc.date.none.fl_str_mv | 2025-01-29T09:00:00Z |
| dc.identifier.none.fl_str_mv | 10.1007/s10479-024-06327-4 |
| dc.relation.none.fl_str_mv | https://figshare.com/articles/journal_contribution/A_generalized_approach_for_multi-criteria_decision_aid_methods/30094828 |
| dc.rights.none.fl_str_mv | CC BY 4.0 info:eu-repo/semantics/openAccess |
| dc.subject.none.fl_str_mv | Commerce, management, tourism and services Banking, finance and investment Information and computing sciences Data management and data science Multi-Criteria Decision Aid PROMETHEE Method Decision-Maker’s Preferences Modelling |
| dc.title.none.fl_str_mv | A generalized approach for multi-criteria decision aid methods |
| dc.type.none.fl_str_mv | Text Journal contribution info:eu-repo/semantics/publishedVersion text contribution to journal |
| description | <p dir="ltr">Outranking methods were developed for solving Multi-Criteria Decision-Making (MCDM) problems with a finite set of alternatives. In this paper, we propose a comprehensive framework that extends the application of outranking methods for solving MCDM problems with continuous sets of alternatives. This is achieved through the integration of multi-objective optimization methods and outranking methods. The derived Three-phases integration procedure is illustrated by the integration of the Weighted Sum method for continuous MCDM problems and the outranking Preference Ranking Organization METHod for Enrichment Evaluations (PROMETHEE) method. Moreover, the proposed framework incorporates the use of the Principal Component Analysis (CPA) to address the problem of selecting a Pareto optimal solution when the phase of application of the outranking method generates a large set of ‘best’ Pareto optimal solutions. The application potential of the procedure is illustrated by a multi-dimensional financial portfolio selection problem.</p><h2>Other Information</h2><p dir="ltr">Published in: Annals of Operations Research<br>License: <a href="https://creativecommons.org/licenses/by/4.0" target="_blank">https://creativecommons.org/licenses/by/4.0</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.1007/s10479-024-06327-4" target="_blank">https://dx.doi.org/10.1007/s10479-024-06327-4</a></p> |
| eu_rights_str_mv | openAccess |
| id | Manara2_a764eea83d845f22c8327816c44d7332 |
| identifier_str_mv | 10.1007/s10479-024-06327-4 |
| network_acronym_str | Manara2 |
| network_name_str | Manara2 |
| oai_identifier_str | oai:figshare.com:article/30094828 |
| publishDate | 2025 |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | |
| repository_id_str | |
| rights_invalid_str_mv | CC BY 4.0 |
| spelling | A generalized approach for multi-criteria decision aid methodsMoussa Larbani (22224967)Belaid Aouni (20199564)Commerce, management, tourism and servicesBanking, finance and investmentInformation and computing sciencesData management and data scienceMulti-Criteria Decision AidPROMETHEE MethodDecision-Maker’s Preferences Modelling<p dir="ltr">Outranking methods were developed for solving Multi-Criteria Decision-Making (MCDM) problems with a finite set of alternatives. In this paper, we propose a comprehensive framework that extends the application of outranking methods for solving MCDM problems with continuous sets of alternatives. This is achieved through the integration of multi-objective optimization methods and outranking methods. The derived Three-phases integration procedure is illustrated by the integration of the Weighted Sum method for continuous MCDM problems and the outranking Preference Ranking Organization METHod for Enrichment Evaluations (PROMETHEE) method. Moreover, the proposed framework incorporates the use of the Principal Component Analysis (CPA) to address the problem of selecting a Pareto optimal solution when the phase of application of the outranking method generates a large set of ‘best’ Pareto optimal solutions. The application potential of the procedure is illustrated by a multi-dimensional financial portfolio selection problem.</p><h2>Other Information</h2><p dir="ltr">Published in: Annals of Operations Research<br>License: <a href="https://creativecommons.org/licenses/by/4.0" target="_blank">https://creativecommons.org/licenses/by/4.0</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.1007/s10479-024-06327-4" target="_blank">https://dx.doi.org/10.1007/s10479-024-06327-4</a></p>2025-01-29T09:00:00ZTextJournal contributioninfo:eu-repo/semantics/publishedVersiontextcontribution to journal10.1007/s10479-024-06327-4https://figshare.com/articles/journal_contribution/A_generalized_approach_for_multi-criteria_decision_aid_methods/30094828CC BY 4.0info:eu-repo/semantics/openAccessoai:figshare.com:article/300948282025-01-29T09:00:00Z |
| spellingShingle | A generalized approach for multi-criteria decision aid methods Moussa Larbani (22224967) Commerce, management, tourism and services Banking, finance and investment Information and computing sciences Data management and data science Multi-Criteria Decision Aid PROMETHEE Method Decision-Maker’s Preferences Modelling |
| status_str | publishedVersion |
| title | A generalized approach for multi-criteria decision aid methods |
| title_full | A generalized approach for multi-criteria decision aid methods |
| title_fullStr | A generalized approach for multi-criteria decision aid methods |
| title_full_unstemmed | A generalized approach for multi-criteria decision aid methods |
| title_short | A generalized approach for multi-criteria decision aid methods |
| title_sort | A generalized approach for multi-criteria decision aid methods |
| topic | Commerce, management, tourism and services Banking, finance and investment Information and computing sciences Data management and data science Multi-Criteria Decision Aid PROMETHEE Method Decision-Maker’s Preferences Modelling |