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Dual worth trade-off method and its application for solving multiple criteria decision making problems

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1 Author(s)
Junwen, Feng ; School of Economics and Management, Nanjing Univ. of Science and Technology, Nanjing 210094, P. R. China

To overcome the limitations of the traditional surrogate worth trade-off (SWT) method and solve the multiple criteria decision making problem more efficiently and interactively, a new method labeled dual worth tradeoff (DWT) method is proposed. The DWT method dynamically uses the duality theory related to the multiple criteria decision making problem and analytic hierarchy process technique to obtain the decision maker's solution preference information and finally find the satisfactory compromise solution of the decision maker. Through the interactive process between the analyst and the decision maker, trade-off information is solicited and treated properly, the representative subset of efficient solutions and the satisfactory solution to the problem are found. The implementation procedure for the DWT method is presented. The effectiveness and applicability of the DWT method are shown by a practical case study in the field of production scheduling.

Published in:

Systems Engineering and Electronics, Journal of  (Volume:17 ,  Issue: 3 )