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Software Support for Multiple Criteria Decision Making Problems

Keywords: Multiple criteria decision making , data envelopment analysis , optimization , MS Excel

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Abstract:

Data envelopment analysis (DEA) and multiple criteria decision making (MCDM) models are one of the most often used modelling techniques in managerial practice. Both techniques evaluate the given set of alternatives by several decision making criteria. Availability of appropriate simple software tools for mentioned models is a necessary condition for their wider real application. The paper presents two freeware software systems that are available for downloading on the author's web pages. The first system is the DEA Excel solver and the second one is Sanna - application of multi-criteria evaluation of alternatives. DEA Excel solver covers all basic DEA models and uses internal MS Excel optimization solver. The application includes standard envelopment models with constant and variable returns to scale including superefficiency models. As the second software system the paper presents a simple MS Excel based application Sanna for multiple criteria evaluation of alternatives using several main MCDM methods (WSA, ELECTRE I and III, PROMETHHEE, ORESTE, TOPSIS and MAPPAC).

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