A Joint Use Of The Mean and Median for Multi Criteria Decision Support: The 3MCD Method

Ruffin-benoit Ngoie (), Eric Kamwa and Berthold Ulungu ()
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Ruffin-benoit Ngoie: Mathematics and Informatics Department, ISP Mbanza-Ngungu, Democratic Republic of Congo
Berthold Ulungu: Institut Supéerieur des Techniques Appliquées, Section Mécanique, Democratic Republic of Congo.

Economics Bulletin, 2019, vol. 39, issue 2, 1602-1611

Abstract: The Mean-Median Compromise Method (MMCM) is a decision rule that lies between the Majority Judgment and the Majority Borda Count. In this note, we suggest an adaptation of the MMCM to multi-criteria decision problems. We call this extension, the Mean and Median for Multi-Criteria Decision (3MCD). We also examine some properties of this rule.

Keywords: Preference aggregation; Majority Judgment; Mean; Decision; Borda. (search for similar items in EconPapers)
JEL-codes: D7 (search for similar items in EconPapers)
Date: 2019-06-23
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Working Paper: Joint use of the mean and median for multi criteria decision support: the 3MCD method (2019)
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