A Survey on Development and Applications of the Multi-criteria Decision Making Method MULTIMOORA

The paper discussed the extensions of MULTIMOORA into the fuzzy environment and group decision making and identified the two major areas of application of MOORA and MULTI-ORA, namely engineering decision support for technological development and economic researches.

Abstract

This paper focuses on the MULTIMOORA method. Specifically, it discusses its development as well as extensions alongside with an overview of their applications. Indeed, the MULTIMOORA is a relatively new multi-criteria decision making method consisting of the three parts. Therefore, it is specific with peculiarities of both complete and partial aggregation techniques. The MULTIMOORA method consists of the three parts, namely the Ratio System, the Reference Point, and the Full Multiplicative Form. The paper discussed the extensions of MULTIMOORA into the fuzzy environment and group decision making. The carried out survey identified the two major areas of application of MOORA and MULTIMOORA, namely engineering decision support for technological development and economic researches. The economic researches can further be classified into those related to micro-level or macro-level analyses. Copyright © 2013 John Wiley & Sons, Ltd.