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Using a Benchmark in Case-Based Multiple-Criteria Ranking

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3 Author(s)
Ye Chen ; Coll. of Econ. & Manage., Nanjing Univ. of Aeronaut. & Astronaut., Nanjing ; D. Marc Kilgour ; Keith W. Hipel

A benchmark-based method is proposed for multiple-criteria ranking, and a case study is presented to demonstrate that the procedure can be efficient and effective in practice. Multiple-criteria ranking aims to help a decision maker (DM) assess a finite set of alternatives according to several criteria, usually conflicting, in order to rank the full set. The relation of benchmarks to multiple-criteria decision analysis is investigated systematically, and then, an approach based on distance from a benchmark is designed to incorporate information about a DM's judgements so as to produce a full ranking. The procedure is applied to rank 81 U.S. brownfield redevelopment projects based on available data and an accepted benchmark.

Published in:

IEEE Transactions on Systems, Man, and Cybernetics - Part A: Systems and Humans  (Volume:39 ,  Issue: 2 )