THE USE OF THE PIVOT PAIRWISE RELATIVE CRITERIA IMPORTANCE ASSESSMENT METHOD FOR DETERMINING THE WEIGHTS OF CRITERIA

Dragisa Stanujkic (), Edmundas Kazimieras Zavadskas (), Darjan Karabasevic (), Florentin Smarandache () and Zenonas Turskis ()
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Dragisa Stanujkic: Technical Faculty in Bor, University of Belgrade, Serbija.
Edmundas Kazimieras Zavadskas: Research Institute of Smart Building Technologies, Vilnius Gediminas Technical University, Vilnius, Lithuania.
Darjan Karabasevic: Faculty of Applied Management, Economics and Finance, University Business Academy in Novi Sad, Serbia.
Florentin Smarandache: Department of Mathematics, University of New Mexico, Gallup, USA.
Zenonas Turskis: Research Institute of Smart Building Technologies, Vilnius Gediminas Technical University, Vilnius, Lithuania.

Journal for Economic Forecasting, 2017, issue 4, 116-133

Abstract: The weights of evaluation criteria could have a significant impact on the results obtained by applying multiple criteria decision-making methods. Therefore, the two extensions of the SWARA method that can be used in cases when it is not easy, or even is impossible to reach a consensus on the expected importance of the evaluation criteria are proposed in this paper. The primary objective of the proposed extensions is to provide an understandable and easy-to-use approach to the collecting of respondents’ real attitudes towards the significance of evaluation criteria and to also provide an approach to the checking of the reliability of the data collected.

Keywords: PIvot Pairwise RElative Criteria Importance Assessment; PIPRECIA; PIPRECIAE; SWARA; criteria weights; group decision-making (search for similar items in EconPapers)
JEL-codes: C44 C61 D81 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (14)

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