A CONTRIBUTION TO THE SELECTION OF ADEQUATE MCDM TECHNIQUE: STATISTICAL COMPARISON OF THE SELECTION RESULTS OF MATERIAL HANDLING EQUIPMENT

Abstract

Selecting an appropriate MCDM technique determines the quality of the recommended decision and can save computation time without sacrificing quality in the final rank of alternatives. In addition, according to the standard MCDM methods, the most common issues are in topics of standardizing criteria and obtaining criteria weights, the possibility to work with massive data (a large number of criteria and alternatives) as well as the ranking and selecting the most desirable alternative. The purpose of this paper was to give a systematic review of the literature on MCDM techniques and make adequate support for decision-making in the selection procedure in the domain of logistics systems. Kendall’s tau-b and Spearman’s rho test has been selected to evaluate the similarity of the final ranks produced by different decision-ranking techniques. The results can guide in the formation of a comprehensive tool for solving a wide range of real and practical engineering problems.