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A least deviation method for priority derivation in group decision making with incomplete reciprocal preference relations
Affiliation:1. State Key Laboratory of Hydrology-Water Resources and Hydraulic Engineering, Hohai University, Nanjing, 210098, PR China;2. Research Institute of Management Science, Business School, Hohai University, Nanjing, 211100, PR China
Abstract:
In this paper, based on the transfer relationship between reciprocal preference relation and multiplicative preference relation, we proposed a least deviation method (LDM) to obtain a priority vector for group decision making (GDM) problems where decision-makers' (DMs') assessments on alternatives are furnished as incomplete reciprocal preference relations with missing values. Relevant theorems are investigated and a convergent iterative algorithm about LDM is developed. Using three numerical examples, the LDM is compared with the other prioritization methods based on two performance evaluation criteria: maximum deviation and maximum absolute deviation. Statistical comparative study, complexity of computation of different algorithms, and comparative analyses are provided to show its advantages over existing approaches.
Keywords:Group decision making  Least deviation method  Incomplete reciprocal preference relation  Priority
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