On Importance of Performance Values for Preference Degrees in PROMETHEE
Identifikátory výsledku
Kód výsledku v IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F20%3A10246204" target="_blank" >RIV/61989100:27510/20:10246204 - isvavai.cz</a>
Výsledek na webu
<a href="https://mme2020.mendelu.cz/" target="_blank" >https://mme2020.mendelu.cz/</a>
DOI - Digital Object Identifier
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Alternativní jazyky
Jazyk výsledku
angličtina
Název v původním jazyce
On Importance of Performance Values for Preference Degrees in PROMETHEE
Popis výsledku v původním jazyce
PROMETHEE methods are popular methods for multi-criteria decision-making. They achieved their popularity, especialy for their good traceability, mathematical simplicity and applicability for many different types of decision-making problems. These methods are based on pairwise comparison of alternatives in terms of each criterion, resulting in quantitative expression of user's preferences. In the original PROMETHEE algorithm, this preference degree is a function of the difference in performances of two alternatives, regardless the initial performance values. This issue simpliies the algorithm computationally, but does not necessarily relect real preferences of the decision-maker. Based on the law of diminishing marginal utility, it is reasonable to consider not only a difference in performances, but also their values. The aim of this paper is to show that there are problems, for which it is reasonable to take the initial values into account, and to provide an extension of the original PROMETHEE algorithm dealing with this issue. The revised algorithm works with new input parameters, which must be set by the decision-maker. However, all these inputs have their economic interpretation.
Název v anglickém jazyce
On Importance of Performance Values for Preference Degrees in PROMETHEE
Popis výsledku anglicky
PROMETHEE methods are popular methods for multi-criteria decision-making. They achieved their popularity, especialy for their good traceability, mathematical simplicity and applicability for many different types of decision-making problems. These methods are based on pairwise comparison of alternatives in terms of each criterion, resulting in quantitative expression of user's preferences. In the original PROMETHEE algorithm, this preference degree is a function of the difference in performances of two alternatives, regardless the initial performance values. This issue simpliies the algorithm computationally, but does not necessarily relect real preferences of the decision-maker. Based on the law of diminishing marginal utility, it is reasonable to consider not only a difference in performances, but also their values. The aim of this paper is to show that there are problems, for which it is reasonable to take the initial values into account, and to provide an extension of the original PROMETHEE algorithm dealing with this issue. The revised algorithm works with new input parameters, which must be set by the decision-maker. However, all these inputs have their economic interpretation.
Klasifikace
Druh
D - Stať ve sborníku
CEP obor
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OECD FORD obor
10102 - Applied mathematics
Návaznosti výsledku
Projekt
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Návaznosti
S - Specificky vyzkum na vysokych skolach
Ostatní
Rok uplatnění
2020
Kód důvěrnosti údajů
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Údaje specifické pro druh výsledku
Název statě ve sborníku
38th International Conference on Mathematical Methods in Economics (MME 2020) : conference proceedings : September 9-11, 2020, Mendel University in Brno, Czech Republic
ISBN
978-80-7509-734-7
ISSN
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e-ISSN
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Počet stran výsledku
7
Strana od-do
662-668
Název nakladatele
Mendel University in Brno
Místo vydání
Brno
Místo konání akce
Brno
Datum konání akce
9. 9. 2020
Typ akce podle státní příslušnosti
EUR - Evropská akce
Kód UT WoS článku
000668460800101