Share:


Robustness analysis in a TODIM-based multicriteria evaluation model of rental properties

    Javier Pereira Affiliation
    ; Luiz Flavio Autran Monteiro Gomes Affiliation
    ; Fernando Paredes Affiliation

Abstract

A new robustness analysis framework is proposed where robustness of a solution in a decision aiding process is measured as the distance from that solution to an expected outcome, chosen by the decision-aiding analyst. The framework is explained by the application of the TODIM method of multicriteria decision aiding to the problem of predicting rental ranges for properties in a Chilean city. Therefore, the robustness concern concentrates on changes in criteria weights as well as in trade-off rates, as they are defined in the method. Two main contributions are introduced: a local robustness measure, defined in terms of a distance among rankings; and a global robustness measure, as an adaptation of the minimax-regret rule to select a global robust solution, i.e. a ranking produced by TODIM.

Keyword : robustness analysis, flexibility, multiple criteria decision aiding, ranking problem, minimax-regret criterion

How to Cite
Pereira, J., Gomes, L. F., & Paredes, F. (2014). Robustness analysis in a TODIM-based multicriteria evaluation model of rental properties. Technological and Economic Development of Economy, 19(1), S176-S190. https://doi.org/10.3846/20294913.2014.880753
Published in Issue
Jan 28, 2014
Abstract Views
64
PDF Downloads
38