Applications of Some Rating Methods to Solve Multicriteria Decision-Making Problems
AbstractThis study proposes a new approach for the solution of multicriteria decision-making problems. The proposed approach is based on using rating/ranking methods. Particularly, in this paper, we investigate the possibility of applying Massey, Colley, Keener, offence-defence, and authority-hub rating methods, which are successfully used in various fields. The proposed approach is useful when no decision-making authority is available or when the relative importance of various criteria has not been previously evaluated. The proposed approach is tested with an example problem to demonstrate its viability and suitability for application.
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