The application of the even-swap-based scoring system to the selection of the heating source in house building projects

Tomasz Wachowicz, Tomasz BÅ‚aszczyk and Pawel BÅ‚aszczyk

International Journal of Applied Management Science, 2013, vol. 5, issue 4, 340-354

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.

Keywords: multicriteria decision making; MCDM; additive scoring system; even swaps; heating sources; new houses; house building projects; scoring alternatives. (search for similar items in EconPapers)
Date: 2013
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