Journal of Management Information and Decision Sciences (Print ISSN: 1524-7252; Online ISSN: 1532-5806)

Abstract

The impact of Sensitivity Analysis on Multi-Criteria Decision Making â?????? Implications for Location Selection performance

Author(s): S. Jenifer Briscilla

Multi-Criteria Decision Making is most important branch of Operation Research by which people make complex decisions in daily life. These techniques support decisions in uncertain environments. MCDM methods evaluate all possible alternatives and provide the best ranking of alternatives to problem. These MCDM techniques first analyze the problem, task or objective to break it down into a finite number of requirements that aids in estimation of relative weight of each criterion for each alternative. Against these advantages, the major drawback is the subjectivity when assigning weights to each criterion and the evaluation of the different alternatives for the decision maker. In this paper, the location selection decision-making problem is implemented by multi-criteria decision making techniques, such as SAW and PROMETHEE II and the results are compared to assess the effectiveness of the methods. AHP is used in assigning the weights for the criteria. In this paper the impact of sensitivity analysis on multi-criteria decision-making problems is depicted by altering the criteria weights. This sensitivity analysis is implemented in the SAW and PROMETHEE II methods, and the results will be analyzed.

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