Main multi-criteria analysis methods for decision making

Description

Authors

Analytical Hierarchy Process (AHP)

Methodology aimed at solving choice problems, applied to various situations where complex structures exist.

Diaz-Balteiro, González-Pachón, & Romero, 2017; Bystrzanowska & Tobiszewski, 2018; Pimenta, Beltrão, Gemaque, & Tavares, 2019; Deveci, Simic, & Torkayesh, 2021; Tian, Lu, Zhang, Zhan, Dulebenets, Aleksandrov, & Ivanov, 2023

Analytical Network Process (ANP)

Decision-making method that adapts to a non-independent recursive hierarchy is a new practical decision-making method based on AHP.

Diaz-Balteiro, González-Pachón, & Romero, 2017; Pimenta, Beltrão, Gemaque, & Tavares, 2019; Tian, Lu, Zhang, Zhan, Dulebenets, Aleksandrov, & Ivanov, 2023

Best-Worst Method (BWM)

It can be used to compare the performance of multiple alternatives when they are evaluated under different criteria.

Deveci, Simic, & Torkayesh, 2021; Pamucar, Deveci, Canıtez, Paksoy, & Lukovac, 2021; Karl, 2022; Tian, Lu, Zhang, Zhan, Dulebenets, Aleksandrov, & Ivanov, 2023

Multi-Criteria Group Decision Making (MCGDM)

The main advantage is the shift from single to multiple decision makers.

Karl, 2022; Tian, Lu, Zhang, Zhan, Dulebenets, Aleksandrov, & Ivanov, 2023

Technique for ordering preference by similarity with ideal solution (TOPSIS)

Classification method that approaches the ideal solution, the main advantage is that it can be applied for multi-objective decision making with continuous solutions.

Deveci, Simic, & Torkayesh, 2021; Karl, 2022; Tian, Lu, Zhang, Zhan, Dulebenets, Aleksandrov, & Ivanov, 2023