Authors: Reza Khorramshahgol, Mehrdad Tamiz
Addresses: Department of Quantitative Methods and Information Systems, College of Business Administration, Kuwait University, P.O. Box 5486, Safat 13055, Kuwait. ' Department of Quantitative Methods and Information Systems, College of Business Administration, Kuwait University, P.O. Box 5486, Safat 13055, Kuwait
Abstract: The aim of this research is to use Taguchi|s loss function to assess the loss associated with a solution provided by a particular Multi-Criteria Decision Making (MCDM) method. Although the idea proposed in this paper, derived from Taguchi|s philosophy and his idea of social loss, can be invariably applied to any MCDM method, the paper utilises Goal Programming (GP) to illustrate the applicability of the proposed method.
Keywords: multicriteria decision making; MCDM; Taguchi methods; quality loss function; QLF; goal programming.
World Review of Entrepreneurship, Management and Sustainable Development, 2007 Vol.3 No.3/4, pp.334 - 342
Published online: 13 Jun 2007 *Full-text access for editors Access for subscribers Purchase this article Comment on this article