The precedence function: a numerical evaluation method for multicriteria ranking problems

Antonio Villar

Economic Theory Bulletin, 2023, vol. 11, issue 2, No 5, 219 pages

Abstract: Abstract This paper proposes and characterizes a method to solve multicriteria evaluation problems when individual judgements are categorical and may fail to satisfy both transitivity and completeness. The evaluation function consists of a weighted sum of the average number of times that each alternative precedes some other, in all pairwise comparisons. It provides, therefore, a quantitative assessment which is well-grounded, immediate to compute, and easy to understand.

Keywords: Multidimensional evaluation; Categorical data; Non-transitive and incomplete preferences; Pairwise comparisons; Precedence function (search for similar items in EconPapers)
JEL-codes: C60 D70 (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (2)

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DOI: 10.1007/s40505-023-00249-3

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