Promethee: A Tool for Multi-Criteria Decision Analysis

Promethee: A Tool for Multi-Criteria Decision Analysis

Priyam Verma
Copyright: © 2020 |Pages: 28
DOI: 10.4018/978-1-7998-2216-5.ch012
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Abstract

This chapter decodes the techniques of PROMETHEE (Preference Ranking Organization Method for Enrichment Evaluation) in MCDA. Rigorous literature review will assist in deciphering and rationalising the progressions in the techniques since the inception of PROMETHEE. The chapter shall extensively review literature on PROMETHEE and shall concisely explore relevant cases. The literature shall include journal articles, research paper based on case studies and conference proceedings concentrating mainly in the discipline of management science. The chapter will untangle the essential steps that will simplify the mathematical component used in PROMETHEE I and PROMETHEE II with a hypothetical case and a practical case. In the final phase of the chapter the limitations of PROMETHEE I and II shall be accentuated.
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Theoretical Background

The PROMETHEE family initially included the PROMETHEE I method for partial ranking and PROMETHEE II for complete ranking of the alternatives. These methods were developed and presented by JP Brans in the year 1982 at a conference at the University of Laval, Quebec, Canada. Thus Behzadian, Kazemzadeh, Albadvi, & Aghdasi (2010) suggests that 1985 must be chosen as a starting date for search. In the same year, the first paper on PROMETHEE and its application was published by Management Science journal and it is adopted as the starting point for review.

Key Terms in this Chapter

Criteria: One of the options or the ideal way of judgment of an alternative.

PROMETHEE: Stands for Preference Ranking Organization Method for Enrichment Evaluation which is a decision-making tool.

MCDM: Stands for Multicriteria-decision making which is the process of selecting the most feasible alternative in order to achieve an objective.

Evaluation: The assessment of an alternative.

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