A hierarchical interactive method for ranking alternatives with multiple qualitative criteria (Q1067971)
From MaRDI portal
scientific article
Language | Label | Description | Also known as |
---|---|---|---|
English | A hierarchical interactive method for ranking alternatives with multiple qualitative criteria |
scientific article |
Statements
A hierarchical interactive method for ranking alternatives with multiple qualitative criteria (English)
0 references
1986
0 references
We deal with the problem of finding the most preferred composite ranking of a set of alternatives evaluated using a large number of criteria having a hierarchical structure. The criteria may be qualitative or quantitative. The decision maker evaluates alternatives using each criterion at the lowest (basic) level. That information is then used to construct the generalized correlation matrix to describe interdependencies between the criteria. The correlation matrix and the criterion hierarchy are the basic information used in the approach. Our interactive approach is designed to help the decision maker find the most preferred aggregation of the k-th level criteria, which produces the criteria at the \((k+1)st\) level. As the final result of the aggregation we obtain the strength of the preference matrix for the criterion at the highest level. By means of that matrix, we produce the final ranking of the alternatives using the Bowman and Colantoni model [see \textit{V. J. Bowman} and \textit{C. S. Colantoni}, Manage. Sci., Theory 19, 1029-1041 (1973; Zbl 0285.90003)]. The approach is easy to implement and convenient to use. We have implemented an experimental version of it on an Apple III microcomputer. The graphical colour display is used as an aid in finding the most preferred aggregation. An illustrative example is provided.
0 references
hierarchical interactive method
0 references
multiple qualitative criteria
0 references
computer graphics
0 references
most preferred composite ranking
0 references
criteria having a hierarchical structure
0 references
aggregation
0 references