Using a Benchmark in Case-Based Multiple-Criteria Ranking

Author

Chen, Ye ; Kilgour, D. Marc ; Hipel, Keith W.

Author_Institution

Coll. of Econ. & Manage., Nanjing Univ. of Aeronaut. & Astronaut., Nanjing

Volume

39

Issue

2

fYear

2009

fDate

3/1/2009 12:00:00 AM

Firstpage

358

Lastpage

368

Abstract

A benchmark-based method is proposed for multiple-criteria ranking, and a case study is presented to demonstrate that the procedure can be efficient and effective in practice. Multiple-criteria ranking aims to help a decision maker (DM) assess a finite set of alternatives according to several criteria, usually conflicting, in order to rank the full set. The relation of benchmarks to multiple-criteria decision analysis is investigated systematically, and then, an approach based on distance from a benchmark is designed to incorporate information about a DM´s judgements so as to produce a full ranking. The procedure is applied to rank 81 U.S. brownfield redevelopment projects based on available data and an accepted benchmark.

Keywords

operations research; set theory; US brownfield redevelopment process; benchmark-based method; case-based multiple-criteria ranking; decision maker; full ranking; Case-based distance approach (CBDA); multiple-criteria decision analysis (MCDA); multiple-criteria ranking; preference disaggregation; project evaluation;

fLanguage

English

Journal_Title

Systems, Man and Cybernetics, Part A: Systems and Humans, IEEE Transactions on

Publisher

ieee

ISSN

1083-4427

Type

jour

DOI

10.1109/TSMCA.2008.2010135

Filename

4729629