Table 1 Summary of MCDM approaches
From: Stochastic multi-criteria decision-making: an overview to methods and applications
Abbreviation | Method | Description |
|---|---|---|
SAHP | Analytic hierarchy process | A hierarchical pairwise comparison considering stochastic variables |
SANP | Analytic network process | Evaluation of the dynamic multi-directional relationship between the decision criteria using stochastic variables |
STOPSIS | Technique for order of preference by similarity to ideal solution | A MCDM technique based on the concept of choosing the solution with distance from ideal solution considering stochastic variables |
SPROMETHEE | Preference ranking organization method for enrichment of evaluations | An outranking method based on a pairwise comparison of alternatives to defined criterion using stochastic variables |
SELECTRE | Elimination et choix traduisant la realité | An outranking method based on pairwise comparisons to determine the concordance and discordance sets using stochastic variables |
SVIKOR | Visekriterijumska Optimizacija IKompromisno Resenje | Method for determining the compromise ranking-list of a set of alternatives using stochastic variables |
SEDAS | The evaluation based on distance from average solution | It is based on distances of each alternative from the average solution with respect to each criterion |