Learning the thresholds in the ORESTE method from historical preference information

Huchang Liao, Keyu Lu and Lisheng Jiang

Journal of the Operational Research Society, 2023, vol. 74, issue 11, 2403-2417

Abstract: The ORESTE (organísation, rangement et Synthèse de données relarionnelles, in French, meaning organization, storage and synthesis of relevant data in English) method is an effective multi-criteria decision-making method which takes into account the importance of both criteria and alternatives. Nevertheless, how to objectively determine the thresholds used in the ORESTE method is still an unsolved issue. In this regard, this study proposes a model that combines the threshold learning method based on historical data and the traditional MCDM (multi-criteria decision-making) method, to learn the thresholds used in the ORESTE method from the preference information provided by stakeholders. We implement a simulation analysis to verify the feasibility of this model and reflect the relation between the weights balancing the importance of alternatives and criteria and the thresholds, and the relation among different thresholds. Finally, an illustration concerning the selection of lung cancer screening methods is given to show the applicability of the threshold learning model. Sensitivity analysis, comparative analysis, and managerial insights are also provided.

Date: 2023
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DOI: 10.1080/01605682.2022.2150574

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