Title :
Method of dynamic multi-criteria decision-making based on integration of absolute and relative differences
Author :
Qing-Xing, Dong ; Ya-Jun, Guo ; Zhi-Yong, He
Author_Institution :
Sch. of Bus. Adm., Northeastern Univ.(NEU), Shenyang, China
Abstract :
Most of the traditional dynamic multi-criteria decision-making methods utilize only differences of the systems´ evaluation values (which can be called absolute difference), then the conclusion of the evaluation is unfair to some evaluated objects. In consideration of disadvantages of the traditional method, a new method based on integration of absolute and relative differences is suggested. In this method, differences of systems´ developing status (relative difference) are taken into consideration. So more information can be put in and then produced out so as to approach reality closer. And also both the subjective and objective information are integrated. Finally, a numerical example was given to illustrate the effectiveness of the proposed method.
Keywords :
decision making; decision theory; numerical analysis; operations research; absolute difference; dynamic multicriteria decision making; relative difference; systems evaluation value; Decision making; Time series analysis; absolute difference; dynamic multi-criteria decision-making; integration of subjectivity and objectivity; relative difference;
Conference_Titel :
Advanced Computer Control (ICACC), 2010 2nd International Conference on
Conference_Location :
Shenyang
Print_ISBN :
978-1-4244-5845-5
DOI :
10.1109/ICACC.2010.5486986