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Multiple Criteria Decisions: Opening the Black Box

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  • Dominique Fischer

Abstract

Multiple Criteria Decision (MCD) tools are now widely used thanks to the availability of commercial software packages. However, from a pedagogical point of view, such instruments are complete black boxes that require a level of mathematics far beyond the reach of most users. This paper, of a strictly pedagogical nature, suggests that MCD can be taught and tested simply by using Excel spreadsheets. The paper also suggests an innovative Excel-based method to measure the coherence of multiple criteria matrices. The example used in this exercise is the selection of an office building location set in Kuala Lumpur, Malaysia. Instructors would have no problem adapting this case to another location if needed.

Suggested Citation

  • Dominique Fischer, 2009. "Multiple Criteria Decisions: Opening the Black Box," Journal of Real Estate Practice and Education, Taylor & Francis Journals, vol. 12(1), pages 43-55, January.
    • Handle: RePEc:taf:rjrpxx:v:12:y:2009:i:1:p:43-55
    DOI: 10.1080/10835547.2009.12091650
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