An Innovative Approach in Decision-Making Environments: Assessing Performance by Applying Multi-Attribute Value Theory (MAVT)

Asian Journal of Multidisciplinary Studies, Volume 3, Issue 2, February 2015

11 Pages Posted: 6 May 2015

See all articles by Abbas Jaffar

Abbas Jaffar

Donghua University

Xu Ming

Donghua University

Muhammad Raja

University of Shanghai for Science and Technology

Akyene Tetteh

Donghua University

Adil Hussain

University of Shanghai for Science and Technology

Muhammad Anwer

Huazhong University of Science & Techlonogy

Najabat Ali

JIANGSU UNIVERSITY

Date Written: 2014

Abstract

This paper describes the main components of Multi-Attribute Value Theory (MAVT), a recommendation for assessing and evaluating the objects which can be accredited as an evaluation procedure to a decision maker when calculating the stakeholders’ interests. Some certain rules are recommended for the application of MAVT for decision-making to be in use for forthcoming actions. The MAVT determines to state the decision maker’s general evaluation of an option in terms of the value of its performance on each distinctive criteria. This study reveals the application of Swing Technique, Midpoints Analysis and Simple Additive Weighting Model (SAW) which is widely accepted approach in decision-making process of multiple criteria decision analysis (MCDA). How stakeholders’ preference and interests are changed after consideration and application of MAVT method and in which capacity results are consensus-oriented for decision-making procedure. This study defines the probable reasons to achieve the recommendations for further application of MAVT method in decision-making environments.

Keywords: Swing Methods, Midpoints Analysis, Simple Additive Weighting, Stakeholders Involvement, Evaluation Scheme, Multi-Attribute Value Theory (MAVT)

Suggested Citation

Jaffar, Abbas and Ming, Xu and Raja, Muhammad and Tetteh, Akyene and Hussain, Adil and Anwer, Muhammad and Ali, Najabat, An Innovative Approach in Decision-Making Environments: Assessing Performance by Applying Multi-Attribute Value Theory (MAVT) (2014). Asian Journal of Multidisciplinary Studies, Volume 3, Issue 2, February 2015, Available at SSRN: https://ssrn.com/abstract=2602959

Abbas Jaffar

Donghua University ( email )

Shanghai 200051
China

Xu Ming

Donghua University ( email )

Shanghai 200051
China

Muhammad Raja

University of Shanghai for Science and Technology ( email )

Shanghai 200072
China

Akyene Tetteh

Donghua University ( email )

Shanghai 200051
China

Adil Hussain

University of Shanghai for Science and Technology ( email )

Shanghai 200072
China

Muhammad Anwer

Huazhong University of Science & Techlonogy ( email )

No.1037 Luoyu Road, Wuhan, P.B.430074, P.R. CHINA
HUST
Wuhan, Hubie 0086
China
13125138875 (Phone)

HOME PAGE: http://ssrn.com/author=2391580

Najabat Ali (Contact Author)

JIANGSU UNIVERSITY ( email )

Jiangsu University
Zhenjiang, CA
China
212013 (Fax)

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