Robustness analysis in a TODIM-based multicriteria evaluation model of rental properties
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...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Vilnius Gediminas Technical University
2014-01-01
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| Series: | Technological and Economic Development of Economy |
| Subjects: | |
| Online Access: | https://journals.vgtu.lt/index.php/TEDE/article/view/4326 |
| _version_ | 1818386927854813184 |
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| author | Javier Pereira Luiz Flavio Autran Monteiro Gomes Fernando Paredes |
| author_facet | Javier Pereira Luiz Flavio Autran Monteiro Gomes Fernando Paredes |
| author_sort | Javier Pereira |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-12-14T04:01:50Z |
| format | Article |
| id | doaj.art-9ed80b2716e441bab11e7783cb61ab50 |
| institution | Directory Open Access Journal |
| issn | 2029-4913 2029-4921 |
| language | English |
| last_indexed | 2024-12-14T04:01:50Z |
| publishDate | 2014-01-01 |
| publisher | Vilnius Gediminas Technical University |
| record_format | Article |
| series | Technological and Economic Development of Economy |
| spelling | doaj.art-9ed80b2716e441bab11e7783cb61ab502022-12-21T23:17:56ZengVilnius Gediminas Technical UniversityTechnological and Economic Development of Economy2029-49132029-49212014-01-0119110.3846/20294913.2014.880753Robustness analysis in a TODIM-based multicriteria evaluation model of rental propertiesJavier Pereira0Luiz Flavio Autran Monteiro Gomes1Fernando Paredes2School of Computer Engineering and Telecommunications, University Diego Portales, Avenida Ejercito 441, Santiago, ChileIbmec, Av. Presidente Wilson 118, Office No. 1110, Rio de Janeiro, RJ, BrazilSchool of Computer Engineering and Telecommunications, University Diego Portales, Avenida Ejercito 441, Santiago, ChileA 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.https://journals.vgtu.lt/index.php/TEDE/article/view/4326robustness analysisflexibilitymultiple criteria decision aidingranking problemminimax-regret criterion |
| spellingShingle | Javier Pereira Luiz Flavio Autran Monteiro Gomes Fernando Paredes Robustness analysis in a TODIM-based multicriteria evaluation model of rental properties Technological and Economic Development of Economy robustness analysis flexibility multiple criteria decision aiding ranking problem minimax-regret criterion |
| title | Robustness analysis in a TODIM-based multicriteria evaluation model of rental properties |
| title_full | Robustness analysis in a TODIM-based multicriteria evaluation model of rental properties |
| title_fullStr | Robustness analysis in a TODIM-based multicriteria evaluation model of rental properties |
| title_full_unstemmed | Robustness analysis in a TODIM-based multicriteria evaluation model of rental properties |
| title_short | Robustness analysis in a TODIM-based multicriteria evaluation model of rental properties |
| title_sort | robustness analysis in a todim based multicriteria evaluation model of rental properties |
| topic | robustness analysis flexibility multiple criteria decision aiding ranking problem minimax-regret criterion |
| url | https://journals.vgtu.lt/index.php/TEDE/article/view/4326 |
| work_keys_str_mv | AT javierpereira robustnessanalysisinatodimbasedmulticriteriaevaluationmodelofrentalproperties AT luizflavioautranmonteirogomes robustnessanalysisinatodimbasedmulticriteriaevaluationmodelofrentalproperties AT fernandoparedes robustnessanalysisinatodimbasedmulticriteriaevaluationmodelofrentalproperties |