Use and choice of preference functions for evaluation of characteristics of socio-economical processes

Abstract

The most sophisticated multi-criteria evaluation methods with deep intrinsic logic and wide flexibility are transforming values of criteria via so-called preference functions. The PROMETHEE is one of such methods. All given alternatives are mutually compared pairwise for each criterion. Choice of preference functions and their parameters is important, since it has influence on results of ranking, in which ranks of alternatives may considerably differ. Various preference functions are analysed, their features described and applications are shown for various socio-economical characteristics.