Journal
INTERNATIONAL JOURNAL OF INFORMATION TECHNOLOGY & DECISION MAKING
Volume 8, Issue 2, Pages 289-311Publisher
WORLD SCIENTIFIC PUBL CO PTE LTD
DOI: 10.1142/S0219622009003405
Keywords
Multiple attribute decision making; compromise solution; attribute weight; relative ratio (RR) method; VIKOR; TOPSIS; decision information
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Funding
- Natural Science Foundation of China [70571086, 70871117]
- Scientific Research Foundation for the Returned Overseas Chinese Scholars
- State Education Ministry of China [2005-546]
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The multiple attribute decision making (MADM) is an important research field in decision science and operations research. Recently, several commonly used methods such as the TOPSIS and the VIKOR were proposed to solve the MADM problems. The TOPSIS and VIKOR are based on aggregating functions representing closeness to the ideal, which originated in the compromise programming method. The aim of this paper is to develop a new methodology called the relative ratio (RR) for the MADM problems. In this RR method, a compromise solution/alternative is determined based on the concept that the chosen alternative should be as close to the ideal solution as possible and as far away from the negative-ideal solution as possible simultaneously. The computation principle and procedure of the RR method are described in detail in this paper. Moreover comparisons of the RR method with the TOPSIS as well as the VIKOR are made theoretically and illustrated with a numerical example.
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