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A method of choice of the importance coefficients in the Electre method

Author

Listed:
  • Catalin Angelo Ioan

    (Danubius University of Galati)

  • Gina Ioan

    (Danubius University of Galati)

Abstract

The Electre method aims as objective the choosing of the best variant in the conditions of existence of some decision criteria. A subjective factor in the method consists in choosing the coefficients of importance. This paper proposes an objective method of determining the coefficients of importance using the standard deviation of the utilities for each criterion.

Suggested Citation

  • Catalin Angelo Ioan & Gina Ioan, 2011. "A method of choice of the importance coefficients in the Electre method," The Journal of Accounting and Management, Danubius University of Galati, issue 2, pages 5-12, November.
    • Handle: RePEc:dug:jaccma:y:2011:i:2:p:5-12
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    File URL: http://journals.univ-danubius.ro/index.php/jam/article/view/1343/1129
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