SMAA-GAIA: a complementary tool of the SMAA-PROMETHEE method

Jean-Philippe Hubinont

International Journal of Multicriteria Decision Making, 2016, vol. 6, issue 3, 237-246

Abstract: PROMETHEE and GAIA are well-known multiple criteria decision aid methods. Given an evaluation table and preference parameters they allow to rank the alternatives, to visualise the problem, to perform sensitivity and robustness analysis, etc. Unfortunately, it is often hard for the decision maker (DM) to estimate the precise values of these parameters. Therefore an alternative option is to give ranges of potential values in order to apply stochastic multi-criteria acceptability analysis. This has been recently studied in the context of the SMAA-PROMETHEE method. The aim of this contribution is to propose a SMAA extension of GAIA. We show how this tool can be useful and provide complementary information to SMAA-PROMETHEE. This is illustrated on a pedagogical example.

Keywords: multicriteria decision analysis; MCDA; PROMETHEE; GAIA; stochastic multicriteria acceptability analysis; SMAA; multicriteria decision making; MCDM; pedagogy. (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (6)

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