Author: Wachowicz Tomasz Błaszczyk Tomasz Błaszczyk Pawel
Publisher: Inderscience Publishers
ISSN: 1755-8913
Source: International Journal of Applied Management Science, Vol.5, Iss.4, 2013-10, pp. : 340-354
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Abstract
In this paper, we present the mechanism of scoring alternatives based on the even-swap method. The mechanism we propose derives from the notion of additive scoring systems that are commonly used in multiple criteria decision-making. In contrast to the classic approach, we use the notion of aggregated equivalent amounts defined in the even-swap procedure. This allows to determine the global scores of alternatives that can be easily interpreted and compared by a decision-maker, since they are natural and intuitive, e.g., price. We modify the original even-swap algorithm, which enables us to construct a scoring system and to find the ranking of all alternatives by means of single non-artificial criterion. In this paper, we apply the algorithm of the modified approach to the problem of selecting the heating source for an individual house building project.