Decision analysis and methods
Ahmed El-Araby
Abstract
Multiple Criteria Decision Making (MCDM) methods are used widely by researchers to make decisions in the presence of numerous criteria. It is essential to make the right decision for the most of engineering applications which makes the decision-making process more complex and requires further analysis. ...
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Multiple Criteria Decision Making (MCDM) methods are used widely by researchers to make decisions in the presence of numerous criteria. It is essential to make the right decision for the most of engineering applications which makes the decision-making process more complex and requires further analysis. A major issue of MCDM methods that they suffer from the Rank Reversal Phenomenon (RRP). Another drawback to MCDM methods that they produce different ranking when evaluating the same problem. Thus, researcher tend to develop new methods to overcome these problems. This paper explores the applicability of a new MCDM approach namely Measurement Alternatives and Ranking according to Compromise Solution (MARCOS) by solving four different engineering problems. The results of MARCOS method are analyzed throughout a comparison with the results of other MCDM methods. The rank reversal test is explored for each problem to check the robustness of the method. The two phases of analysis indicate that the method is robust and applicable for different types of engineering applications.
