CYDec 13, 2018
A multiple criteria methodology for priority based portfolio selectionMaria Barbati, Josè Rui Figueira, Salvatore Greco et al.
This paper presents a new methodology that combines a multiple criteria sorting or ranking method with a project portfolio selection procedure. The multicriteria method permits to compare projects in terms of their priority assessed on the basis of a set of both qualitative and quantitative criteria. Then, a feasible set of projects, i.e. a portfolio, is selected according to the priority defined by the multiple criteria method. In addition, the portfolio must satisfy a set of resources constraints, e.g. budget available, as well as some logical constraints, e.g. related to projects to be selected together or projects mutually exclusive. The proposed portfolio selection methodology can be applied in different contexts. We present an application in the urban planning domain where our approach allows to select a set of urban projects on the basis of their priority, budgetary constraints and urban policy requirements. Given the increasing interest of historical cities to reuse their cultural heritage, we applied and tested our methodology in this context. In particular, we show how the methodology can support the prioritization of the interventions on buildings with some historical value in the historic city center of Naples (Italy), taking into account several points of view.
AIApr 24, 2017
Using a new parsimonious AHP methodology combined with the Choquet integral: An application for evaluating social housing initiativesFrancesca Abastante, Salvatore Corrente, Salvatore Greco et al.
We propose a development of the Analytic Hierarchy Process (AHP) permitting to use the methodology also in cases of decision problems with a very large number of alternatives evaluated with respect to several criteria. While the application of the original AHP method involves many pairwise comparisons between alternatives and criteria, our proposal is composed of three steps: (i) direct evaluation of the alternatives at hand on the considered criteria, (ii) selection of some reference evaluations; (iii) application of the original AHP method to reference evaluations; (iv) revision of the direct evaluation on the basis of the prioritization supplied by AHP on reference evaluations. The new proposal has been tested and validated in an experiment conducted on a sample of university students. The new methodology has been therefore applied to a real world problem involving the evaluation of 21 Social Housing initiatives sited in the Piedmont region (Italy). To take into account interaction between criteria, the Choquet integral preference model has been considered within a Non Additive Robust Ordinal Regression approach.