|
Name | Objective | Criteria/approach | Author and year |
|
Goal programming | Application of linear programming to solve problems relating to multiple and conflicting objects | Combination of the logic of optimization with mathematical programming |
Charnes et al. (1955) |
|
Fuzzy | Evaluation of significance weights in terms of linguistic values represented by fuzzy numbers | Linguistic variables used to describe fuzzy terms that are then mapped to numerical variables |
Zadeh (1965) |
|
DEMATEL | Construction of a structural model involving associations of complex factors | Numerical contextual relations among the elements representing the power of influence |
Gabus and Fontela (1973) |
|
DEA | Evaluation of the competence of an observation relative to a set of similar observations | Mathematical programming |
Charnes (1978) |
|
AHP | Pairwise comparison of attributes structured in a hierarchal relationship | Useful technique for hierarchical relationship criteria |
Thomas L. Saaty (1980) |
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PROMETHEE | Similar to ELECTRE but differing in the pairwise comparison stage | Considers the degree to which one alternative differs from another |
Brans and Vincke (1980) |
|
TOPSIS | Selection of an alternative simultaneously the closest to the ideal solution and the farthest from the anti-ideal solution | Close to ideal but the farthest from anti-ideal |
Hwang and Yoon (1981) |
|
GRA | Solution of problems with complex interrelationships between factors and variables | Based on grey system theory |
Deng (1982) |
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ELECTRE | Pairwise comparison among alternatives used to identify and eliminate alternatives dominated by other alternatives | Checks only whether one alternative is better or worse than the other |
Roy (1991) |
|
ANP | More general representation of interrelationships among decision levels and attributes | Unidirectional relationships with dependence and feedback instead of hierarchy |
Thomas L. Saaty (1996) |
|
VIKOR | Ranking of compromises representing indices derived from a measure of “closeness” to the “ideal” solution | Employs linear normalization |
Opricovic (2004) |
|