Abstract
In this paper, we present the mechanism of scoring alternatives based on the even-swap method. The mechanism we propose derives from the notion of additive scoring systems that are commonly used in multiple criteria decision-making. In contrast to the classic approach, we use the notion of aggregated equivalent amounts defined in the even-swap procedure. This allows to determine the global scores of alternatives that can be easily interpreted and compared by a decision-maker, since they are natural and intuitive, e.g., price. We modify the original even-swap algorithm, which enables us to construct a scoring system and to find the ranking of all alternatives by means of single non-artificial criterion. In this paper, we apply the algorithm of the modified approach to the problem of selecting the heating source for an individual house building project.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: International Journal of Applied Management Science
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
