A Multi-Attribute Decision Making Model Based on Distance from Decision Maker's Preferences
Volume 24, Issue 1 (2013), pp. 103–118
Pub. online: 1 January 2013
Type: Research Article
Received
1 July 2010
1 July 2010
Accepted
1 January 2012
1 January 2012
Published
1 January 2013
1 January 2013
Abstract
This paper proposes a new multi-attribute ranking procedure based on distance from decision-maker preferences. This method has two phases. In the first phase, the decision maker is asked to define the preferred performance for each attribute. In the second phase, Weighted Sum method and new distance-based normalization procedure are used to determine the overall performance rating of alternatives.