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PROMETHEE-MD-2T method for project selection

Author

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  • Halouani, N.
  • Chabchoub, H.
  • Martel, J.-M.

Abstract

Project selection is a real problem of multicriteria group decision making (MCGDM) where each decision maker expresses his/her preferences depending on the nature of the alternatives and on his/her own knowledge over them. Thus, information, as much quantitative as qualitative, coexists. The traditional methods of MCGDM developed for project selection usually discriminates in favour of quantitative information at the expense of qualitative information, and this is due to the capability to integrate this first type of information inside their procedure. In this article, two new multicriteria 2-tuple group decision methods called "Preference Ranking Organisation Method for Enrichment Evaluation Multi Decision maker 2-Tuple-I and II" (PROMETHEE-MD-2T-I and II) are presented. They are able to integrate inside their procedure both quantitative and qualitative information in an uncertain context. This has been performed by integrating a 2-tuple linguistic representation model dealing with non-homogeneous and imprecise information data made up by valued intervals, numerical and linguistic values into the aggregation operators of Promethee methods. Although they have been developed for project selection problems, these proposed methods can be applied to all kinds of decision-making problems with heterogeneous and multigranular information. Therefore, the application of these methods to real problems will lead to better results in MCGDM. It offers to the decision makers simpler and wider application of the aggregation operators of the Promethee multicriteria method without sacrificing any of its advantageous properties and by taking into account the imprecision of data. A numerical simulation of the proposed method is carried out to show its possibilities.

Suggested Citation

  • Halouani, N. & Chabchoub, H. & Martel, J.-M., 2009. "PROMETHEE-MD-2T method for project selection," European Journal of Operational Research, Elsevier, vol. 195(3), pages 841-849, June.
  • Handle: RePEc:eee:ejores:v:195:y:2009:i:3:p:841-849
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    References listed on IDEAS

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    1. Smith-Perera, Aida & García-Melón, Mónica & Poveda-Bautista, Rocío & Pastor-Ferrando, Juan-Pascual, 2010. "A Project Strategic Index proposal for portfolio selection in electrical company based on the Analytic Network Process," Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(6), pages 1569-1579, August.
    2. Alessio Ishizaka & Philippe Nemery, 2013. "A Multi-Criteria Group Decision Framework for Partner Grouping When Sharing Facilities," Group Decision and Negotiation, Springer, vol. 22(4), pages 773-799, July.
    3. Arcidiacono, Sally Giuseppe & Corrente, Salvatore & Greco, Salvatore, 2018. "GAIA-SMAA-PROMETHEE for a hierarchy of interacting criteria," European Journal of Operational Research, Elsevier, vol. 270(2), pages 606-624.
    4. Muhammad Abdullah Khalid & Yousaf Ali, 2020. "Economic impact assessment of natural disaster with multi-criteria decision making for interdependent infrastructures," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 22(8), pages 7287-7311, December.
    5. Anjali Singh & Anjana Gupta & Aparna Mehra, 2021. "Best criteria selection based PROMETHEE II method," OPSEARCH, Springer;Operational Research Society of India, vol. 58(1), pages 160-180, March.
    6. Tsuen-Ho Hsu & Ling-Zhong Lin, 2014. "Using Fuzzy Preference Method for Group Package Tour Based on the Risk Perception," Group Decision and Negotiation, Springer, vol. 23(2), pages 299-323, March.
    7. Behzadian, Majid & Kazemzadeh, R.B. & Albadvi, A. & Aghdasi, M., 2010. "PROMETHEE: A comprehensive literature review on methodologies and applications," European Journal of Operational Research, Elsevier, vol. 200(1), pages 198-215, January.
    8. Kajal Chatterjee & Sheikh Ahmed Hossain & Samarjit Kar, 2018. "Prioritization of project proposals in portfolio management using fuzzy AHP," OPSEARCH, Springer;Operational Research Society of India, vol. 55(2), pages 478-501, June.

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