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Multicriteria Sorting Methods

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Encyclopedia of Optimization

Decision making problems, according to their nature, the policy of the decision maker, and the overall objective of the decision may require the choice of an alternative solution, the ranking of the alternatives from the best to the worst ones or the sorting of the alternatives in predefined homogeneous classes [30]. For instance, a decision regarding the location of a new power plant can be considered as a choice problem, since the objective is to select the most appropriate location according to environmental, social and investment criteria. On the other hand, an evaluation of the efficiency of the different units of a firm can be considered as a ranking problem, since the objective is to estimate the relative performance of each unit compared to the others. Finally, a credit granting decision is a sorting problem: a credit application can be accepted, rejected or submitted for further consideration, according to the business and personal profile of the applicant. Actually, a wide...

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Zopounidis, C., Doumpos, M. (2001). Multicriteria Sorting Methods . In: Floudas, C.A., Pardalos, P.M. (eds) Encyclopedia of Optimization. Springer, Boston, MA. https://doi.org/10.1007/0-306-48332-7_317

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  • DOI: https://doi.org/10.1007/0-306-48332-7_317

  • Publisher Name: Springer, Boston, MA

  • Print ISBN: 978-0-7923-6932-5

  • Online ISBN: 978-0-306-48332-5

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