Determining objective weights in multiple criteria problems: The critic method

Diakoulaki, D; Mavrotas, G; Papayannakis, L

dc.contributor.author	Diakoulaki, D	en
dc.contributor.author	Mavrotas, G	en
dc.contributor.author	Papayannakis, L	en
dc.date.accessioned	2014-03-01T01:10:55Z
dc.date.available	2014-03-01T01:10:55Z
dc.date.issued	1995	en
dc.identifier.issn	0305-0548	en
dc.identifier.uri	https://dspace.lib.ntua.gr/xmlui/handle/123456789/11492
dc.subject	Decision Making Process	en
dc.subject	Evaluation Criteria	en
dc.subject	Multiple Criteria	en
dc.subject.classification	Computer Science, Interdisciplinary Applications	en
dc.subject.classification	Engineering, Industrial	en
dc.subject.classification	Operations Research & Management Science	en
dc.subject.other	PERFORMANCE	en
dc.subject.other	PROGRAM	en
dc.title	Determining objective weights in multiple criteria problems: The critic method	en
heal.type	journalArticle	en
heal.identifier.primary	10.1016/0305-0548(94)00059-H	en
heal.identifier.secondary	http://dx.doi.org/10.1016/0305-0548(94)00059-H	en
heal.language	English	en
heal.publicationDate	1995	en
heal.abstract	The association of weights in multiple criteria problems is a critical stage of the whole decision making process. In some decision situations the extraction of subjective preferences is either difficult or undesirable. This paper proposes a method for the determination of objective weights which is based on the quantification of two fundamental notions of MCDM: the contrast intensity and the conflicting character of the evaluation criteria. The latter notion is of great importance in interfirm comparisons because the financial indices used are often highly correlated. The method developed is applied to a sample of industrial firms. The results are compared to those obtained by other sets of objective weights and show this method ensures a better compromise of the criteria examined. © 1995.	en
heal.publisher	PERGAMON-ELSEVIER SCIENCE LTD	en
heal.journalName	Computers and Operations Research	en
dc.identifier.doi	10.1016/0305-0548(94)00059-H	en
dc.identifier.isi	ISI:A1995RB40800008	en
dc.identifier.volume	22	en
dc.identifier.issue	7	en
dc.identifier.spage	763	en
dc.identifier.epage	770	en