The Journal of Accounting and Management, Vol 1, No 2 (2011)

A method of choice of the importance coefficients in the Electre method

Cătălin Angelo Ioan, Gina Ioan

Abstract


The Electre method aims as objective the choosing of the best variant in the conditions of existence of some decision criteria. A subjective factor in the method consists in choosing the coefficients of importance. This paper proposes an objective method of determining the coefficients of importance using the standard deviation of the utilities for each criterion.

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