A lot of multiple criteria decision-making methods require the use of weights or importance of coefficients. Usually authors of the methods do not mathematically define these coefficients. Therefore, their methods are only heuristic. In order to successfully elicit and apply the relative importance of criteria, it is necessary to have a rigorous definition for the coefficients. In this paper a mathematical definition of the assertion 'a group of criteria A is more important than a group of criteria B with two sets of positive parameters' is given. Based on the definition the numerical relative importance coefficients are mathematically defined. The main objective of the paper is to demonstrate how to apply those notions in decision making in order to restrict the well-known Pareto set.

Original languageEnglish
Title of host publicationMULTIPLE CRITERIA DECISION MAKING IN THE NEW MILLENNIUM
EditorsM Koksalan, S Zionts
PublisherSpringer Nature
Pages59-68
Number of pages10
ISBN (Print)3-540-42377-X
StatePublished - 2001
Event15th International Conference on Multiple Criteria Decision Making (MCDM) - ANKARA, Turkey
Duration: 10 Jul 200014 Jul 2000

Publication series

NameLECTURE NOTES IN ECONOMICS AND MATHEMATICAL SYSTEMS
PublisherSPRINGER-VERLAG BERLIN
Volume507
ISSN (Print)0075-8442

Conference

Conference15th International Conference on Multiple Criteria Decision Making (MCDM)
Country/TerritoryTurkey
CityANKARA
Period10/07/0014/07/00

    Research areas

  • multicriteria optimization, importance of criteria, relative importance coefficients, upper estimate

ID: 75510797