The Implementation of Multi-Objective Optimization Based on Ratio Analysis Method to Determine KIP Participants

Abstract

Decision Support System (DSS) is a system with mathematical calculations that can assist a person in making decisions from various criteria, types, and options ADDIN CSL_CITATION {"citationItems":[{"id":"ITEM-1","itemData":{"ISSN":"03248569","abstract":"A new method is proposed for multi-objective optimization with discrete alternatives: MOORA (Multi-Objective Optimization on the basis of Ratio Analysis). This method refers to a matrix of responses of alternatives to objectives, to which ratios are applied. A well established other method for multi-objective optimization is used for comparison, namely the reference point method. Later on, it is demonstrated that this is the best choice among the different competing methods. In MOORA the set of ratios has the square roots of the sum of squared responses as denominators. These ratios, as dimensionless, seem to be the best choice among different ratios. These dimensionless ratios, situated between zero and one, are added in the case of maximization or subtracted in case of minimization. Finally, all alternatives are ranked, according to the obtained ratios. Eventually, to give more importance to an objective, an objective can be replaced by different sub-objectives or a coefficient of importance can be specified. An example on privatization in a transition economy illustrates the application of the method. If application is situated originally in a \"welfare\" economy, centered on production, MOORA becomes even more significant in a \"wellbeing economy\", where consumer sovereignty is assumed.","author":[{"dropping-particle":"","family":"Brauers","given":"Willem Karel M.","non-dropping-particle":"","parse-names":false,"suffix":""},{"dropping-particle":"","family":"Zavadskas","given":"Edmundas Kazimieras","non-dropping-particle":"","parse-names":false,"suffix":""}],"container-title":"Control and Cybernetics","id":"ITEM-1","issue":"2","issued":{"date-parts":[["2006"]]},"page":"445-469","title":"The MOORA method and its application to privatization in a transition economy","type":"article-journal","volume":"35"},"uris":["http://www.mendeley.com/documents/?uuid=d0f9ba0a-f4fa-450c-a7ea-28d2e27e455c"]}],"mendeley":{"formattedCitation":"[1]","plainTextFormattedCitation":"[1]","previouslyFormattedCitation":"[1]"},"properties":{"noteIndex":0},"schema":"https://github.com/citation-style-language/schema/raw/master/csl-citation.json"} [1] . The calculation is done accurately and according to the desired target. Institut Agama Kristen Negeri (IAKN) Tarutung is a state-owned religious higher education institution. In providing education, IAKN Tarutung provides several scholarships for outstanding students with economically disadvantaged students. One of them is the Kartu Indonesia Pintar (KIP) ADDIN CSL_CITATION {"citationItems":[{"id":"ITEM-1","itemData":{"author":[{"dropping-particle":"","family":"Tim Kementerian Pendidikan dan Kebudayaan Republik Indonesia","given":"","non-dropping-particle":"","parse-names":false,"suffix":""}],"id":"ITEM-1","issued":{"date-parts":[["2020"]]},"page":"1-12","title":"Kartu Indonesia Pintar Kuliah","type":"article-journal"},"uris":["http://www.mendeley.com/documents/?uuid=2da7ffb1-1287-43e8-90e6-85a23e54ba04"]}],"mendeley":{"formattedCitation":"[2]","plainTextFormattedCitation":"[2]","previouslyFormattedCitation":"[2]"},"properties":{"noteIndex":0},"schema":"https://github.com/citation-style-language/schema/raw/master/csl-citation.json"} [2] . The purpose of this research is to develop the MOORA method to assist in decision making in determining which participants are eligible for KIP scholarships. Development of the Multi-Objective Optimization Based on Ratio Analysis (MOORA) method is expected to provide the best alternative solutions that are right on target without any personal interest ADDIN CSL_CITATION {"citationItems":[{"id":"ITEM-1","itemData":{"DOI":"10.20409/berj.2019.175","ISSN":"1309-2448","abstract":"The three main credit rating agencies, Standard and Poor's, Moody's and Fitch, use a combination of economic, social and political factors to determine the capacity and current and future debt obligation of countries. This study contributes to literature in two ways. The first one is comparison of results obtained by rating countries on various macroeconomic variables using credit scores given by the three main credit rating agencies and using the MOORA method. The second one is the determination of how optimistic or pessimistic country-based results the three main credit rating agencies yield according to their estimates by macroeconomic variables. Among the three rating agencies, Moody's make the most optimistic estimates in terms of its rating of countries. Moody's is followed by Standard and Poor's, and the credit rating agencies that make the most pessimistic estimates is observed to be Fitch.","author":[{"dropping-particle":"","family":"Deniz Basar","given":"Ozlem","non-dropping-particle":"","parse-names":false,"suffix":""},{"dropping-particle":"","family":"Guneren Genc","given":"Elif","non-dropping-particle":"","parse-names":false,"suffix":""}],"container-title":"Business and Economics Research Journal","id":"ITEM-1","issue":"2","issued":{"date-parts":[["2019"]]},"page":"391-404","title":"Comparison of Country Ratings of Credit Rating Agencies with MOORA Method","type":"article-journal","volume":"10"},"uris":["http://www.mendeley.com/documents/?uuid=71bc81eb-e247-4023-8180-dfad110345c1"]}],"mendeley":{"formattedCitation":"[3]","plainTextFormattedCitation":"[3]","previouslyFormattedCitation":"[3]"},"properties":{"noteIndex":0},"schema":"https://github.com/citation-style-language/schema/raw/master/csl-citation.json"} [3] .