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A method using weight restrictions in data envelopment analysis for ranking and validity issues in decision making
Authors:Edward Bernroider  Volker Stix
Affiliation:Vienna University of Economics and Business Administration, Department of Information Business, Augasse 2-6, A 1090 Vienna, Austria
Abstract:
In this article we introduce a comprehensive yet efficient approach based on data envelopment analysis (DEA) with restricted multipliers for accountable and understandable multiple attribute decision making (MADM). Information system (IS) appraisals are motivated and used for illustrating the proposed methodology. Results show that the given DEA based approach can easily and significantly increase the information frame of the decision maker by identifying disparate rankings and by affirming the stability and validity of ranking outcomes. The given validity concept is contrary to the directions given in the main body of research and can also be used to question ranking outcomes of classic MADM methods.
Keywords:Decision support   Decision analysis   Multi-attribute decision making   Validity   Ranking   Data envelopment analysis
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