Multi-criteria Methods

Uwe Götze, Deryl Northcott and Peter Schuster
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Uwe Götze: Technische Universität Chemnitz
Deryl Northcott: The Auckland University of Technology
Peter Schuster: Schmalkalden University of Applied Sciences

Chapter 6 in Investment Appraisal, 2015, pp 163-208 from Springer

Abstract: Abstract For many investment decisions, the decision-maker wishes to pursue several targets, rather than a single target as the earlier chapters have assumed. Such a decision-making problem is typical in strategic investment decision-making as, for example, when installing a new plant in a new location, using new technology and/or manufacturing a new product. Non-monetary measures have to be considered and a number of complex alternatives need to be analysed. This chapter describes a number of multi-criteria methods, such as: the utility value analysis, the analytic hierarchy process, the multi-attribute utility theory and PROMETHEE.

Keywords: Utility Value Analysis; Outranking Relationship; Paired Comparison Matrix; Pair Comparison; Maximum Eigenvalue Λmax (search for similar items in EconPapers)
Date: 2015
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DOI: 10.1007/978-3-662-45851-8_6

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