Rank similarity based MADM method selection

Paper

Chakraborty, Subrata and Yeh, Chung-Hsing. 2012. "Rank similarity based MADM method selection." 2012 International Conference on Statistics in Science, Business, and Engineering. Langkawi, Malaysia 10 - 12 Sep 2012 United States. https://doi.org/10.1109/ICSSBE.2012.6396586
Paper/Presentation Title

Rank similarity based MADM method selection

Presentation TypePaper
AuthorsChakraborty, Subrata (Author) and Yeh, Chung-Hsing (Author)
Journal or Proceedings TitleProceedings of the 2012 International Conference on Statistics in Science, Business, and Engineering
Number of Pages6
Year2012
Place of PublicationUnited States
ISBN9781467315814
Digital Object Identifier (DOI)https://doi.org/10.1109/ICSSBE.2012.6396586
Web Address (URL) of Paperhttp://ieeexplore.ieee.org/xpls/abs_all.jsp?arnumber=6396586&tag=1
Conference/Event2012 International Conference on Statistics in Science, Business, and Engineering
Event Details
2012 International Conference on Statistics in Science, Business, and Engineering
Event Date
10 to end of 12 Sep 2012
Event Location
Langkawi, Malaysia
Abstract

Selecting the most suitable Multiple Attribute Decision Making (MADM) method for a given MADM problem is a challenge for the decision maker. When there are several suitable MADM methods available for the problem, the challenge is even greater. We present a novel MADM method selection approach based on the Spearman's rank correlation. The approach will help the decision maker in selecting the most preferred MADM method from a set of suitable and acceptable methods. The most preferred MADM method is the one that produces the most preferred outcome. The most preferred outcome is the one which is closest to all other outcomes. The closeness between the ranking outcomes are measured in terms of the similarity between them.

KeywordsSpearman rank correlation; multiple attribute decision making; rank similarity based MADM method selection
ANZSRC Field of Research 2020460902. Decision support and group support systems
Public Notes

© 2012 IEEE. Personal use of this material is permitted. Permission from IEEE must be obtained for all other uses, in any current or future media, including reprinting/republishing this material for advertising or promotional purposes, creating new collective works, for resale or redistribution to servers or lists, or reuse of any copyrighted component of this work in other works.

Byline AffiliationsQueensland University of Technology
Monash University
Institution of OriginUniversity of Southern Queensland
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