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MCDA — Multi-Criteria Decision Making in e-commerce

  • Hans -J. Lenz
  • Alexandr Ablovatski
Part of the CISM International Centre for Mechanical Sciences book series (CISM, volume 482)

Abstract

The growing markets of e-commerce created renewed interest in methodologies that were developed more than thirty years ago and found broad usage in various fields like Operations Research, Decision Theory, Artificial Intelligence, Micro-Economic Theory, etc. One such methodology is multi-criteria decision-making or analysis (MCDA). It can be used for making decisions about options like goods and services, and plays an import role in e- as well as m-commerce markets. We review the main techniques of MCDA like SCORING (SAW), TOPSIS, AHP, PROMETHEE, DEA and apply them to one particular decision example using a software program specifically developed for this purpose, available online at http://mcda.dynalias.org. We carefully compare the methods presented, and propose a hybrid technique called “GiUnTa” to reconcile the differing rankings obtained with each procedure. A similar approach and software solution can be used in real life decision situations that require fast consideration of multiple criteria over a large number of alternatives.

Keywords

Data Envelopment Analysis Data Envelopment Analysis Model Efficiency Frontier Screen Shot Simple Additive Weighting 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© CISM, Udine 2006

Authors and Affiliations

  • Hans -J. Lenz
    • 1
  • Alexandr Ablovatski
    • 2
  1. 1.Institute of Production, Information Systems and Operations ResearchFree UniversityBerlinGermany
  2. 2.Library and Information ServicesKenyon CollegeGambierUSA

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