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A comparative analysis of multi-criteria decision-making methods

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Abstract

In this work, we empirically compare the rankings produced by several multi-criteria decision-making methods. We analyzed multi-MOORA, TOPSIS and three different settings for VIKOR. Using decision matrices with different number of alternatives and criteria, we compared the rankings produced using the Spearman’s correlation coefficient index. Our results showed that VIKOR could fail to obtain a ranking due to the failure of certain calculations. The rankings produced by TOPSIS and multi-MOORA were very similar, while the rankings produced by the different VIKOR variants showed a great variability.

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Acknowledgments

Authors acknowledge support through projects TIN2014-55024-P and P11-TIC-8001 from the Spanish Ministry of Economy and Competitiveness, and Consejería de Economía, Innovación y Ciencia, Junta de Andalucía (both including FEDER funds), respectively. B. Ceballos enjoys a training Grant research staff under project TIN2011-27696-C02-01 (Spanish Ministry of Economy and Competitiveness).

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Correspondence to David A. Pelta.

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Ceballos, B., Lamata, M.T. & Pelta, D.A. A comparative analysis of multi-criteria decision-making methods. Prog Artif Intell 5, 315–322 (2016). https://doi.org/10.1007/s13748-016-0093-1

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