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Multicriteria Decision Making: A Case Study in the Automobile Industry

Author

Listed:
  • Márcia Oliveira

    (FEP, Faculdade de Economia da Universidade do Porto, and LIAAD/INESC TEC)

  • Dalila B. M. M. Fontes

    (FEP, Faculdade de Economia da Universidade do Porto, and LIAAD/INESC TEC)

  • Teresa Pereira

    (IPP/ESEIG, Escola Superior de Estudos Industriais e de Gestão, Instituto Politécnico do Porto)

Abstract

Multi-criteria decision analysis (MCDA) has been one of the fastest-growing areas of operations research during the last decades. The academic attention devoted to MCDA motivated the development of a great variety of approaches and methods within the field. These methods distinguish themselves in terms of procedures, theoretical assumptions and type of decision addressed. This diversity poses challenges to the process of selecting the most suited method for a specific real-world decision problem. In this paper we present a case study in a real-world decision problem arising in the painting sector of an automobile plant. We tackle the problem by resorting to the well-known AHP method and to the MCDA method proposed by Pereira and Fontes (2012) (MMASSI). By relying on two, rather than one, MCDA methods we expect to improve the confidence and robustness of the obtained results. The contributions of this paper are twofold: first, we intend to investigate the contrasts and similarities of the results obtained by distinct MCDA approaches (AHP and MMASSI); secondly, we expect to enrich the literature of the field with a real-world MCDA case study on a complex decision making problem since there is a paucity of applied research work addressing real decision problems faced by organizations.

Suggested Citation

  • Márcia Oliveira & Dalila B. M. M. Fontes & Teresa Pereira, 2013. "Multicriteria Decision Making: A Case Study in the Automobile Industry," FEP Working Papers 483, Universidade do Porto, Faculdade de Economia do Porto.
    • Handle: RePEc:por:fepwps:483
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    References listed on IDEAS

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    Full references (including those not matched with items on IDEAS)

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    Cited by:

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    2. João Correia-da-Silva & Joana Pinho & Hélder Vasconcelos, 2013. "Cartel stability and profits under different reactions to entry in markets with growing demand," FEP Working Papers 487, Universidade do Porto, Faculdade de Economia do Porto.
    3. Hanif Malekpoor & Nishikant Mishra & Sameer Kumar, 2022. "A novel TOPSIS–CBR goal programming approach to sustainable healthcare treatment," Annals of Operations Research, Springer, vol. 312(2), pages 1403-1425, May.

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    More about this item

    Keywords

    AHP; Decision Making; Multicriteria Decision Analysis; Multicriteria Methodology; Automobile Industry;
    All these keywords.

    JEL classification:

    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management
    • C44 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Operations Research; Statistical Decision Theory

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