Decision Making with Unknown Data: Development of ELECTRE Method Based on Black Numbers
Volume 25, Issue 1 (2014), pp. 21–36
Pub. online: 1 January 2014
Type: Research Article
Received
1 December 2011
1 December 2011
Accepted
1 March 2013
1 March 2013
Published
1 January 2014
1 January 2014
Abstract
In multi criteria Decision Making, the decision maker wants to find the best alternative among a set of alternatives in order to satisfy a set of criteria. Traditionally, decision making models are based on crisp data. The shortcoming of these data in capturing the reality and lack of information persuaded researchers to develop decision making methods with uncertain data. In this paper, the ELECTRE method is extended with black numbers, under ambiguous environment. The proposed method is applied in a supplier selection problem. It's an outstanding method that can be used in real world problems with ill-defined and incomplete data.