Authors
Tommi Tervonen, José Rui Figueira, Risto Lahdelma, Juscelino Almeida Dias, Pekka Salminen
Publication date
2009/1/1
Journal
European Journal of Operational Research
Volume
192
Issue
1
Pages
236-242
Publisher
North-Holland
Description
ELECTRE TRI is a multiple criteria decision aiding sorting method with a history of successful real-life applications. In ELECTRE TRI, values for certain parameters have to be provided. We propose a new method, SMAA-TRI, that is based on stochastic multicriteria acceptability analysis (SMAA), for analyzing the stability of such parameters. The stability analysis can be used for deriving robust conclusions. SMAA-TRI allows ELECTRE TRI to be used with uncertain, arbitrarily distributed values for weights, the lambda cutting level, and profiles. The method consists of analyzing finite spaces of arbitrarily distributed parameter values. Monte Carlo simulation is applied in this in order to describe for each alternative the share of parameter values that have it assigned to different categories. We show the real-life applicability by re-analyzing a case study in the field of risk assessment.
Total citations
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Scholar articles
T Tervonen, JR Figueira, R Lahdelma, JA Dias… - European Journal of Operational Research, 2009