Expert choice ahp software software#
The software packages listed in the survey range from free to commercial or enterprise-level packages. In the process of helping decision-makers to rank, prioritize or choose from among alternatives, DM software products often include a variety of features and tools common examples include:Ĭomparison of decision-making software ĭM software includes the following notable examples.Įvidential Reasoning Approach, Bayesian Inference, Dempster–Shafer theory, UtilityĪlthough a few years out of date, a good summary of the capabilities of various software packages is available, the Decision Analysis Software Survey from Institute for Operations Research and the Management Sciences (INFORMS).
The extent to which uncertainty is modeled and analyzed. The extent to which incomplete rankings (relative to complete rankings) of alternatives are produced. The extent to which numerical scores are used to value and/or rank alternatives. The number of alternatives evaluated, ranging from a few (finite) to infinite. The use of interval scale or ratio scale measurements of decision-makers' preferences. Whether or not pairwise comparisons of alternatives and/or criteria are used to elicit decision-makers' preferences. The extent to which the decision problem is broken into a hierarchy of sub-problems. There are significant differences between these methods and, accordingly, the DM software implementing them. Evidential reasoning approach for MCDM under hybrid uncertainty. Preference Ranking Organization Method for Enrichment Evaluation (PROMETHEE). Potentially All Pairwise RanKings of all possible Alternatives (PAPRIKA). Multi-attribute global inference of quality (MAGIQ). Measuring Attractiveness by a Categorical Based Evaluation Technique (MACBETH). Elimination and Choice Expressing Reality (ELECTRE). Analytic network process (ANP, an extension of AHP). Aggregated Indices Randomization Method (AIRM). Many decision analysts argue for multi-attribute decision analysis as the gold standard to which other methods should be compared, based on its rigorous axiomatic basis. There is currently a great deal of interest in quantitative methods for decision making. MCDM involves evaluating and combining alternatives' characteristics on two or more criteria or attributes in order to rank, prioritize or choose from among the alternatives. "Before using a software, it is necessary to have a sound knowledge of the adopted methodology and of the decision problem at hand." Methods and features Decision-making methods Īs mentioned earlier, most DM software is based on multi-criteria decision making (MCDM). Nonetheless, DM software should not be employed blindly. DM software "should be used to support the process, not as the driving or dominating force." ĭM software frees users "from the technical implementation details, allowing them to focus on the fundamental value judgements". The purpose of DM software is to support the analysis involved at these various stages of the decision-making process, not to replace it. 2.3 Comparison of decision-making softwareĭM software can assist decision-makers "at various stages of the decision-making process, including problem exploration and formulation, identification of decision alternatives and solution constraints, structuring of preferences, and tradeoff judgements.". Some decision support systems include a DM software component. Thus most DM software is based on decision analysis, usually multi-criteria decision-making, and so is often referred to as "decision analysis" or "multi-criteria decision-making" software – commonly shortened to "decision-making software". Most DM software focuses on ranking, prioritizing or choosing from among alternatives characterized on multiple criteria or attributes. Nowadays, many DM software products (mostly web-based) are available – e.g. Before the advent of the World Wide Web, most DM software was spreadsheet-based, with the first web-based DM software appearing in the mid-1990s. Decision-making software ( DM software) is software for computer applications that help individuals and organisations make choices and take decisions, typically by ranking, prioritizing or choosing from a number of options.Īn early example of DM software was described in 1973.
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