Table 1 Summary of relevant studies on MCDM methods
From: Using ELECTRE-TRI and FlowSort methods in a stock portfolio selection context
References | Applied methods | Basis of analysis |
|---|---|---|
Parkan and Wu (2000) | OCRA, AHP, and DEA | Size of the problem, computational ease, flexibility, and adaptability |
Thor et al. (2013) | AHP, ELECTRE, SAW, and TOPSIS | Consistency, problem structure, concept, core process, and the accuracy of final results |
Hodgett (2016) | AHP, MARE, and ELECTRE | Final results |
Mulliner et al. (2016) | WPM, WSM, revised AHP, AHP, TOPSIS, and COPRAS | Final results |
Asgharizadeh et al. (2019) | SAW, ELECTRE, TOPSIS, ORESTE, PROMETHEE I, EVAMIX, MAUT, REGIME, MAPPAC, TACTIC, VIKOR, ARGUS, COPRAS, SMART, PACMAN, MOORA, and ARAS | Simplicity in learning and developing, speed, complexity of calculations, the number of inputs, the quality of the underlying logic, the quality of ranking, and the rate of growth in large problems |
Ameri et al. (2018) | SAW, TOPSIS, VIKOR, and compound factor (CF) | Percentages of change |
Vakilipour et al. (2021) | SAW, TOPSIS, VIKOR, and ELECTRE | Correlation and stability |