Comparative analysis of some prominent MCDM methods: A case of ranking Serbian banks

  • Dragisa Stanujkic Faculty of Management Zajecar
  • Bojan Djordjevic
  • Mira Djordjevic
Keywords: multiple criteria decision making, Multiple Criteria, decision-making, comparative analysis, comparations,

Abstract


In the literature, many multiple criteria decision making methods have been proposed. There are also a number of papers, which are devoted to comparison of their characteristics and performances. However, a definitive answer to questions: which method is most suitable and which method is most effective is still actual. Therefore, in this paper, the use of some prominent multiple criteria decision making methods is considered on the example of ranking Serbian banks. The objective of this paper is not to determine which method is most appropriate for ranking banks. The objective of this paper is to emphasize that the use of various multiple criteria decision making methods sometimes can produce different ranking orders of alternatives, highlighted some reasons which lead to different results, and indicate that different results obtained by different MCDM methods are not just a random event, but rather reality

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Published
2013/11/10
Section
Original Scientific Paper