Equivalent Exchange Method for Decision-Making in Case of Alternatives with Incomparable Attributes
The paper is focused on searching for novel methods aimed at improving the performance and usability of a common decision-making process where a panel of experts are assisted by specialized software systems. An equivalent exchange method (EEM) is considered in the paper as a potential candidate for...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2023-01-01
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| Series: | Inventions |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2411-5134/8/1/12 |
| _version_ | 1797620272131473408 |
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| author | Tatiana Kravchenko Timofey Shevgunov |
| author_facet | Tatiana Kravchenko Timofey Shevgunov |
| author_sort | Tatiana Kravchenko |
| collection | DOAJ |
| description | The paper is focused on searching for novel methods aimed at improving the performance and usability of a common decision-making process where a panel of experts are assisted by specialized software systems. An equivalent exchange method (EEM) is considered in the paper as a potential candidate for a versatile method applicable in expert decision-making process for solving problems in various subject domains. The method is formally described in the paper in the form of an iterative algorithm where each iteration leads to the reduce in the number of alternatives under consideration until it converges to the preferable one. The key feature of EEM consists in the fact that the original comparison between multiple alternatives described by many attributes measured in different units is replaced by the sequence of simple exchanges between pairs of alternatives where only two attributes are engaged at once. The numerical example illustrating the full run of the algorithm is thoroughly described, so the actions performed in the steps of the algorithm are explained. The case of the successful implementation of EEM as the module of Expert Decision Support System is also presented. |
| first_indexed | 2024-03-11T08:38:49Z |
| format | Article |
| id | doaj.art-87536ec700914676aadf66d8721afaea |
| institution | Directory Open Access Journal |
| issn | 2411-5134 |
| language | English |
| last_indexed | 2024-03-11T08:38:49Z |
| publishDate | 2023-01-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Inventions |
| spelling | doaj.art-87536ec700914676aadf66d8721afaea2023-11-16T21:15:34ZengMDPI AGInventions2411-51342023-01-01811210.3390/inventions8010012Equivalent Exchange Method for Decision-Making in Case of Alternatives with Incomparable AttributesTatiana Kravchenko0Timofey Shevgunov1Graduate School of Business, HSE University, Myasnitskaya ulitsa 20, 101000 Moscow, RussiaMoscow Aviation Institute, Volokolamskoe Shosse 4, 125993 Moscow, RussiaThe paper is focused on searching for novel methods aimed at improving the performance and usability of a common decision-making process where a panel of experts are assisted by specialized software systems. An equivalent exchange method (EEM) is considered in the paper as a potential candidate for a versatile method applicable in expert decision-making process for solving problems in various subject domains. The method is formally described in the paper in the form of an iterative algorithm where each iteration leads to the reduce in the number of alternatives under consideration until it converges to the preferable one. The key feature of EEM consists in the fact that the original comparison between multiple alternatives described by many attributes measured in different units is replaced by the sequence of simple exchanges between pairs of alternatives where only two attributes are engaged at once. The numerical example illustrating the full run of the algorithm is thoroughly described, so the actions performed in the steps of the algorithm are explained. The case of the successful implementation of EEM as the module of Expert Decision Support System is also presented.https://www.mdpi.com/2411-5134/8/1/12decision support systemsdecision-makingpreference matrixcomparison matrixequivalent exchange methoddominated alternatives |
| spellingShingle | Tatiana Kravchenko Timofey Shevgunov Equivalent Exchange Method for Decision-Making in Case of Alternatives with Incomparable Attributes Inventions decision support systems decision-making preference matrix comparison matrix equivalent exchange method dominated alternatives |
| title | Equivalent Exchange Method for Decision-Making in Case of Alternatives with Incomparable Attributes |
| title_full | Equivalent Exchange Method for Decision-Making in Case of Alternatives with Incomparable Attributes |
| title_fullStr | Equivalent Exchange Method for Decision-Making in Case of Alternatives with Incomparable Attributes |
| title_full_unstemmed | Equivalent Exchange Method for Decision-Making in Case of Alternatives with Incomparable Attributes |
| title_short | Equivalent Exchange Method for Decision-Making in Case of Alternatives with Incomparable Attributes |
| title_sort | equivalent exchange method for decision making in case of alternatives with incomparable attributes |
| topic | decision support systems decision-making preference matrix comparison matrix equivalent exchange method dominated alternatives |
| url | https://www.mdpi.com/2411-5134/8/1/12 |
| work_keys_str_mv | AT tatianakravchenko equivalentexchangemethodfordecisionmakingincaseofalternativeswithincomparableattributes AT timofeyshevgunov equivalentexchangemethodfordecisionmakingincaseofalternativeswithincomparableattributes |