Evaluation of Ranking Accuracy in Multi-Criteria Decisions

Authors:
Edmundas Kazimieras Zavadskas;Algimantas Zakarevicius;Jurgita Antucheviciene
Affiliations:
Vilnius Gediminas Technical University, Sauletekio al. 11, LT-10223, Vilnius-40, Lithuania, e-mail: edmundas.zavadskas@adm.vtu.lt, algimantas.zakarevicius@ap.vtu.lt, jurgita.antucheviciene@st.vtu. ...;Vilnius Gediminas Technical University, Sauletekio al. 11, LT-10223, Vilnius-40, Lithuania, e-mail: edmundas.zavadskas@adm.vtu.lt, algimantas.zakarevicius@ap.vtu.lt, jurgita.antucheviciene@st.vtu. ...;Vilnius Gediminas Technical University, Sauletekio al. 11, LT-10223, Vilnius-40, Lithuania, e-mail: edmundas.zavadskas@adm.vtu.lt, algimantas.zakarevicius@ap.vtu.lt, jurgita.antucheviciene@st.vtu. ...
Venue:
Informatica
Year:
2006

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Abstract

The paper analyses the problem of ranking accuracy in multiple criteria decision-making (MCDM) methods. The methodology for measuring the accuracy of determining the relative significance of alternatives as a function of the criteria values is developed. An algorithm of the Technique for the Order Preference by Similarity to Ideal Solution (TOPSIS) that applies criteria values' transformation through a normalization of vectors and the linear transformation is considered. A computational experiment is presented, to compare the results of a multiple criteria analysis and the ranking accuracy in a particular situation.