Significant Difference of the Performance Indicator of Alternatives

Irik Z. Mukhametzyanov
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Irik Z. Mukhametzyanov: Ufa State Petroleum Technological University

Chapter Chapter 12 in Normalization of Multidimensional Data for Multi-Criteria Decision Making Problems, 2023, pp 247-274 from Springer

Abstract: Abstract The chapter discusses the problem of distinguishability of alternatives in a situation where the estimates of the alternatives are approximately equal, the estimates are sensitive to the initial data, to the choice of normalization methods and other model parameters. Indicators for comparing ratings are proposed, and numerical algorithms for estimating the magnitude of the relative error are proposed, which determine a significant difference in ratings with variations in the initial data and variations in normalization methods. Based on this analysis, it is possible to determine the aggregation methods that have the best ranking resolution.

Keywords: MCDM rank model; Multivariate normalization; The significant difference in assessment score of alternatives; VIKOR method and difference in ratings; Ranking using distinguishability of the rating (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:isochp:978-3-031-33837-3_12

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DOI: 10.1007/978-3-031-33837-3_12

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