English

Algorithms for Multi-Criteria Decision-Making and Efficiency Analysis Problems

Optimization and Control 2024-06-11 v1

Abstract

Multi-criteria decision-making (MCDM) problems involve the evaluation of alternatives based on various minimization and maximization criteria. Similarly, efficiency evaluation (EA) methods assess decision-making units (DMUs) by analyzing their input consumption and output production. MCDM and EA methods face challenges in managing alternatives and DMUs with varying capacities across different criteria (inputs and outputs). That leads to performance assessments often skewed by subjective biases in criteria weighting. We introduce two innovative scenarios utilizing linear programming-based Virtual Gap Analysis (VGA) models to address these limitations. This dual-scenario approach aims to mitigate traditional biases, offering robust solutions for comprehensively assessing alternatives and DMUs. Our methodology allows for the influential ranking of alternatives in MCDM problems and enables each DMU to adjust its input and output ratios to achieve efficiency.

Keywords

Cite

@article{arxiv.2406.06090,
  title  = {Algorithms for Multi-Criteria Decision-Making and Efficiency Analysis Problems},
  author = {Fuh-Hwa Franklin Liu and Su-Chuan Shih},
  journal= {arXiv preprint arXiv:2406.06090},
  year   = {2024}
}

Comments

This article has 37 pages, 5 figure, 4 tables, and 25 references

R2 v1 2026-06-28T16:59:17.772Z