Another interesting article by the N.EA team has been published in the journal Operations Research and Decisions. In this article, we conduct a very detailed analysis of the impact of various behavioral characteristics of decision-makers on their use of different multiple criteria decision-aiding (MCDA) methods and their final opinion regarding recommendations and future use of these methods. The conducted empirical study utilized a proprietary online decision support and survey system, and the data from the system was analyzed using a complex structural model that accounts for both direct and indirect influences of exogenous variables on the final assessment of MCDA methods’ functionality.
The article is available directly via the following link: https://ord.pwr.edu.pl/Issues/2024/vol34/p3_15
Miltiple criteria decision-aiding methods and behavioral profile of decision-makres
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Below is the abstract of the article:
The study aims to identify relationships among selected behavioral characteristics of decision-makers (DMs), i.e., experience in making complex decisions, decision-making style, and ability to use various multiple criteria decision-aiding (MCDA) methods coherently, and their impact on the evaluation of the latter functionality and recommendations for future use. The relationships were verified using experimental data through a structural equation model (SEM) and cluster analysis for three MCDA methods, i.e., AHP, SMART, and TOPSIS. One of the strongest effects identified by SEM was observed between coherence in methods’ use and the DM’s opinion on their functionality. DM’s satisfaction and future willingness to use MCDA tools are related to the positive experience gained from using these tools in advance. Decision-making styles shape method selection, with TOPSIS favored by highly experienced DMs, SMART by highly rational, and AHP by those with low experience and a rational approach.