An Overview of ELECTRE Methods and their Recent Extensions. Issue 1 (27th December 2012)

• Record Type: Journal Article
• Authors: Figueira, José Rui; Greco, Salvatore; Roy, Bernard; Słowiński, Roman
• Is Part Of: Journal of multi-criteria decision analysis. Volume 20:Issue 1/2(2013:Jan./Apr.)
• Page Start: 61
• Page End: 85
• Publication Date: 2012-12-27
• Subjects: Multiple criteria decision making -- Periodicals; 658.40354
• DOI: 10.1002/mcda.1482
• Languages: English
• ISSNs: 1057-9214

Abstract

<abstract abstract-type="main"> <title>ABSTRACT</title> <p>We present main characteristics of <sc>ELECTRE</sc> (ELimination Et Choix Traduisant la REalité ‐ ELimination and Choice Expressing the REality) family methods, designed for multiple criteria decision aiding. These methods use as a preference model an outranking relation on the set of actions—it is constructed in result of concordance and nondiscordance tests involving a specific input preference information. After a brief description of the constructivist conception in which the <sc>ELECTRE</sc> methods are inserted, we present the main features of these methods. We discuss such characteristic features as the possibility of taking into account positive and negative reasons in the modelling of preferences, without requiring commensurable performance scales; the use of discriminating thresholds for taking into account the imperfect knowledge of data; the absence of systematic compensation between 'gains' and 'losses'. The main weaknesses are also presented. Then, some aspects related to new developments are outlined. These are related to some new methodological developments, new procedures, axiomatic analysis, software tools and several other aspects. This paper is an updated version of a chapter published by the authors under the title '<sc>Electre</sc> Methods: Main Features and Recent Developments' in C. Zopounidis and P. Pardalos (Editors): <italic>Handbook of Multicriteria Analysis</italic>, Springer, Berlin 2010, pp. 51–89. Copyright © 2012 John Wiley & Sons, Ltd.</p> </abstract>