UHK-FIM Ismail AbdelHafez SPM1- Autumn2013 Comparison of decision-making software Decision-making software (DMS) is a type of decision support system to help individuals and organizations with their decision-making processes, typically resulting in ranking, sorting or choosing from among alternatives. Decision Making Methods Most decision-making processes supported by DMS are based on decision analysis, most commonly multi-criteria decision making (MCDM). MCDM involves evaluating and combining alternatives' characteristics on two or more criteria or attributes in order to rank, sort or choose from among the alternatives. DMS employs a variety of MCDM methods: Aggregated Indices Randomization Method (AIRM) Analytic Hierarchy Process (AHP) Analytic network process (ANP, an extension of AHP) Elimination and Choice Expressing Reality (ELECTRE) Multi-attribute global inference of quality (MAGIQ) Multi-attribute utility theory (MAUT) Potentially all pairwise rankings of all possible alternatives (PAPRIKA) Preference Ranking Organization Method for Enrichment Evaluation (PROMETHEE) Simple multi-attribute rating technique (SMART) 1 Naturally, there are significant differences between these methods and, accordingly, the DMS implementing them. Such differences include: 1. The extent to which the decision problem is broken into a hierarchy of subproblems; 2. Whether or not pairwise comparisons of alternatives and/or criteria are used to elicit decision-makers' preferences; 3. The use of interval scale or ratio scale measurements of decision-makers' preferences; 4. The number of criteria included; 5. The number of alternatives evaluated, ranging from a few (finite) to infinite; 6. The extent to which numerical scores are used to value and/or rank alternatives; 7. The extent to which incomplete rankings (relative to complete rankings) of alternatives are produced. In addition to helping decision-makers to rank, sort or choose from among alternatives, DMS products often include a variety of additional features and tools; examples include: Time analysis and time optimization Sensitivity analysis and fuzzy logic calculations Risk aversion measurement Group evaluation (teamwork) Graphic or visual presentation tools 2 Summary Of Criteria Comparison Software Supported MCDA Methods Pairwise Comparison Sensitivity Analysis Group Evaluation Webbased 1000Minds PAPRIKA Yes Yes Yes Yes Altova MetaTeam WSM No No Yes Yes No Yes No Yes Analytica Criterium DecisionPlus AHP, SMART Yes Yes No No DecideIT MAUT Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Expert Choice AHP Yes Yes Yes Yes Hiview3 No Yes Yes No Yes Yes Yes No Decision Lens AHP, ANP D-Sight Logical Decisions PROMETHEE, UTILITY AHP, MAUT 3 Comparison by Implementation Implementing Vroom–Yetton Decision Model 1-Decision Supporter 4 5 2- Criterium Decision Plus 6 7 Conclusion By implementation, it realized that CDP is far better than decision supporter in problems that require pairwise comparisons and sensitivity analysis. References: http://www.wikipedia.org/ 8
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