A Comparative Study of Outranking Methods for Multi-Criteria Optimization of Electromechanical Modules

Abstract

The paper presents a comparative assessment of the procedures for applying two outranking methods in solving multi-criteria optimization tasks. The conducted study compares the fundamental PROMETHEE (Preference Ranking Organization METHod for Enrichment Evaluations) method, which is widely proposed to support selection of the best compromise alternative in multi-criteria tasks, with the newly developed RAZOR (Ranking of Alternatives by Z-score Operation Ratings) method. The paper describes the ranking methods and provides demonstrative numerical examples for existing electromechanical modules. The results of the numerical examples from the conducted multi-criteria optimization on a number of given criteria are presented. The study demonstrated that the calculation procedure in PROMETHEE method demands certain level of preliminary knowledge, but provides fine setting of preferences by the decision-maker. The RAZOR method, on the other hand, demands no preliminary knowledge and it is easier to visualize graphically.