Multi-Criteria-Entscheidungen

Zimmermann, Hans-Jürgen; Gutsche, Lothar

doi:10.1007/978-3-642-58198-4_3

Cited by 10 publications

(17 citation statements)

References 4 publications

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“…The solutions of outranking, however, do not necessarily have to be exact and unambiguous, but only acceptable for the decision-maker. In the case of equivalent alternatives this can result in a decision supported by subjective perceptions or secondary criteria (Zimmermann and Gutsche, 1991, p. 202f).…”

Section: Expected Suitability Of Outranking Methods To Support Real Estate-related Selection Decisionmentioning

confidence: 99%

“…Multi-criteria models (Multi-Criteria Decision-Making) serve the evaluation and support of decision situations subject to parallel objectives and/or numerous parameters (Hwang and Yoon, 1981, p. 1). This leads to typical framework conditions of multi-criteria decision problems (Zimmermann and Gutsche, 1991, p. 21f): Several decision criteria and diverse alternatives for solving problems exist. Every alternative must be evaluated based on the relevant criteria.…”

Section: Multi-criteria Decision Models As Extension Of the Mathematical Perspectivementioning

confidence: 99%

“…An multi-objective decision-making model is thus used to calculate an alternative for several objectives. An multi-attribute decision-making model (MADM), on the other hand, is used to select alternatives from a given number of alternatives according to a given objective (Zimmermann and Gutsche, 1991, p. 25).…”

Section: Multi-criteria Decision Models As Extension Of the Mathematical Perspectivementioning

confidence: 99%

“…ten optionally selectable locations) are considered a starting point. The alternatives are thus determinable and countable (discrete solution spaces) (Zimmermann and Gutsche, 1991, p. 25).…”

Section: Multi-criteria Decision Models As Extension Of the Mathematical Perspectivementioning

confidence: 99%

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Transferring outranking models to real estate management

Metzner

2018

JPIF

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Purpose For the purpose of decision-making in real estate portfolio management, alternatives are to be collected, assessed and prioritized. Due to the complexity of real estate markets, investment products and management processes, the respective decision situations are subject to several parameters. Multi-criteria models must be used to exactly evaluate and prioritize alternatives. Such models can be found in other economic and social areas but must be transferred or re-developed for the purposes of real estate management. The paper aims to discuss these issues. Design/methodology/approach The paper includes the transfer of the basic outranking methodology, the PROMETHEE (Preference Ranking Organization METHod für Enrichment Evaluations) method in particular, to real estate issues. Methods used outside the real estate industry are analyzed, selected and adapted by using real estate parameters (transfer approach). Findings Structured multi-criteria processes such as PROMETHEE are suitable for the solution of complex real estate selection decisions. The methodology with regard to the respective issues is much more consistent and efficient. PROMETHEE avoids the restriction of criteria in mathematical calculations and the restriction of quality in simple scorings. Research limitations/implications The target system and decision criteria of investors were used exemplarily. The individual parameters and criteria can lead to new model solutions. Practical implications Multi-criteria models such as PROMETHEE stringently and transparently solve complex decision problems and alternative evaluations in real estate portfolio management. They can be developed for strategic, tactical and operative decision situations. The decision quality and verification for compliance requirements improve. Social implications Multi-criteria models such as PROMETHEE can also be developed for social, societal and political decision situations. Originality/value First adaption of the outranking procedure PROMETHEE to a real estate decision situation in market analysis and portfolio management.

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Section: Expected Suitability Of Outranking Methods To Support Real Estate-related Selection Decisionmentioning

confidence: 99%

Section: Multi-criteria Decision Models As Extension Of the Mathematical Perspectivementioning

confidence: 99%

Section: Multi-criteria Decision Models As Extension Of the Mathematical Perspectivementioning

confidence: 99%

Section: Multi-criteria Decision Models As Extension Of the Mathematical Perspectivementioning

confidence: 99%

See 2 more Smart Citations

Transferring outranking models to real estate management

Metzner

2018

JPIF

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“…Among MCDA procedures, procedures for multiple-objective decision-making (MODM) and multi-attribute decision-making (MADM) are distinguished (Hwang and Yoon, 1981). In MODM, one out of an uncountable set of options is obtained, while MADM compares countable and known options that can be clearly distinguished (Zimmermann and Gutsche, 1991).…”

Section: Methodsmentioning

confidence: 99%

Evaluation and selection of decision-making methods to assess landfill mining projects

et al. 2015

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For the first time in Austria, fundamental technological and economic studies on recovering secondary raw materials from large landfills have been carried out, based on the 'LAMIS - Landfill Mining Austria' pilot project. A main focus of the research - and the subject of this article - was to develop an assessment or decision-making procedure that allows landfill owners to thoroughly examine the feasibility of a landfill mining project in advance. Currently there are no standard procedures that would sufficiently cover all the multiple-criteria requirements. The basic structure of the multiple attribute decision making process was used to narrow down on selection, conceptual design and assessment of suitable procedures. Along with a breakdown into preliminary and main assessment, the entire foundation required was created, such as definitions of requirements to an assessment method, selection and accurate description of the various assessment criteria and classification of the target system for the present 'landfill mining' vs. 'retaining the landfill in after-care' decision-making problem. Based on these studies, cost-utility analysis and the analytical-hierarchy process were selected from the range of multiple attribute decision-making procedures and examined in detail. Overall, both methods have their pros and cons with regard to their use for assessing landfill mining projects. Merging these methods or connecting them with single-criteria decision-making methods (like the net present value method) may turn out to be reasonable and constitute an appropriate assessment method.

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Ziele und Lösungsansätze der Einlastungsplanung

Bossert¹

1999

Einlastungsplanung Flexibler Fertigungssysteme

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Multi-Criteria-Entscheidungen

Cited by 10 publications

References 4 publications

Transferring outranking models to real estate management

Transferring outranking models to real estate management

Evaluation and selection of decision-making methods to assess landfill mining projects

Ziele und Lösungsansätze der Einlastungsplanung

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