A Multi-Criteria Decision Making Method Based on Fuzzy Outranking Relation

Abstract

In selecting the best project in multi-criteria decision making problems, the imperfect information of consequence and the vague preference of the decision maker(DM) would make the decision analysis more complex together with the conflict of several criteria. In this context, a method is proposed to deal the fuzzy information mentioned before instead of reducing it to a single representative value. And, based on the given imprecise information, projects are ranked completely or partially according to DMs vague preference. The procedure consists, for each pair of projects, of calculating the degree of supporting over all criteria and the degree of opposing with respect to each criterion for their outranking relation. Together with weights for each criterion, these indices produce fuzzy outranking relations for each pair of projects. And a complete or partial ranking of projects is obtained according to outranking degrees considering the interdependence among projects.