Abstract
Applications of contemporary decision-making methods to the development of economy and technology. Technological and Economic Development of Economy, 26(3), pp. 546-548.
Highlights
In the past several decades, a lot of decision-making methods have been proposed, such as the AHP (Analytical Hierarchy Process), ANP (Analytic Network Process), TOPSIS (Technique for Order Preference by Similarity to Ideal Solution), VIKOR (VIsekriterijumska optimizacija i KOmpromisno Resenje), COPRAS (COmplex PRoportional ASsessment), MAUT (Multi-Attribute Utility Theory), MULTIMOORA (Multi-Objective Optimization on the basis of a Ratio Analysis plus the full MULTIplicative form), MACBETH (Measuring Attractiveness by a Categorical Based Evaluation THchnique), PROMETHEE (Preference Ranking Organization METHod for Enrichment of Evaluations), ELECTRE (ELimination Et Choix Traduisant la REalite, in French, ELimination and Choice Expressing the Reality), TODIM and GRA (Grey Relational Analysis). These classical decision-making methods have been extended into different contexts with uncertain information, such as interval numbers, fuzzy sets, intuitionistic fuzzy sets, interval-valued fuzzy sets, grey numbers, hesitant fuzzy sets, linguistic terms, hesitant fuzzy linguistic terms, probabilistic linguistic term sets, and so on
New decision-making methods, such as the BWM (Best Worst Method), GLDS (Gained and Lost Dominance Score) method, DNMA (Double Normalization-based Multiple Aggregation) method, SWARA (Stepwise Weight Assessment Ratio Analysis), WASPAS (Weight Aggregated Sum Product ASsessment), ARAS (Additive Ratio ASsessment), CoCoSo (Combined Compromise Solution), SMAA, and different scholars have regularly proposed the variations of these methods
These contemporary decision-making methodologies provide a variety of techniques to the development of economy and technology
Summary
In the past several decades, a lot of decision-making methods have been proposed, such as the AHP (Analytical Hierarchy Process), ANP (Analytic Network Process), TOPSIS (Technique for Order Preference by Similarity to Ideal Solution), VIKOR (VIsekriterijumska optimizacija i KOmpromisno Resenje), COPRAS (COmplex PRoportional ASsessment), MAUT (Multi-Attribute Utility Theory), MULTIMOORA (Multi-Objective Optimization on the basis of a Ratio Analysis plus the full MULTIplicative form), MACBETH (Measuring Attractiveness by a Categorical Based Evaluation THchnique), PROMETHEE (Preference Ranking Organization METHod for Enrichment of Evaluations), ELECTRE (ELimination Et Choix Traduisant la REalite, in French, ELimination and Choice Expressing the Reality), TODIM (an acronym in Portuguese of interactive and multi-criteria decision making) and GRA (Grey Relational Analysis). APPLICATIONS OF CONTEMPORARY DECISION-MAKING METHODS TO THE DEVELOPMENT OF ECONOMY AND TECHNOLOGY These classical decision-making methods have been extended into different contexts with uncertain information, such as interval numbers, fuzzy sets, intuitionistic fuzzy sets, interval-valued fuzzy sets, grey numbers, hesitant fuzzy sets, linguistic terms, hesitant fuzzy linguistic terms, probabilistic linguistic term sets, and so on.
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