Towards robust ELECTRE III with simulation: theory and software of SMAA-III

ELECTRE III is a well-established multiple criteria decision making method with a solid track of real-world applications. It requires precise values to be specified for the parameters and criteria measurements, which in some cases might not be available. In this paper we present a method, SMAA-III, that allows ELECTRE III to be applied with imprecise parameter values. By allowing imprecise values, the method also allows an easily applicable robustness analysis. In SMAA-III, simulation is used and descriptive measures are computed to characterize stability of the results. We present a software implementing the method and show the usage by re-analyzing an existing case study.

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