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UTADIS Multiple Criteria Sorting Methodology and its Application to the Turkish Energy Sector

Year 2009, Volume: 27 Issue: 2, 141 - 159, 31.12.2009

Abstract


 Multiple Criteria Decision Analysis
(MCDA) is an Operations Research discipline that supports decision makers to
model real life problems including many conflicting factors. Sorting problem is
one of the main problem area of Multiple Criteria Decision Analysis with
choice, ranking and description problems. UTADIS (
UTilities Additives DIScriminantes) technique is a Multiple
Criteria Decision Analysis sorting technique which is widely applied in many
problem areas. This technique is a non parametric technique aiming to sort
alternatives into predefined classes and obtain the threshold values for
classes with minimum classification error. The structure of energy decisions
which involve many objectives, criteria or attributes is an appropriate area
for application of Multiple Criteria Decision Analysis techniques. By taking
this fact into consideration, in this study, UTADIS technique is widely
reviewed and an application of the technique in Turkish electricity
distribution industry is performed in order to interpret the results.

  

 















 

References

  • Baourakis, G., M. Conisescu, G. Van Dijk, P.M. Pardalos, C. Zopounidis (2007) “A Multicriteria Approach for Rating the Credit Risk of Financial Institutions”, Computational Management Science, 6, 347–356.
  • Belacel, N. (2000) “Multicriteria Assignment Method PROAFTN: Methodology And Medical Application”. European Journal of Operational Research, 125(1), 175–183.
  • Devaud, J.M., G. Groussaud and E. Jacquet-Lagrèze (1980) “UTADIS: Une Méthode de Construction de Fonctions d’utilité Additives Rendant Compte de Jugements Globaux”, Bochum: European Working Group on Multicriteria Decision Aid.
  • Dünya Enerji Konseyi Türk Milli Komitesi (2007) “2005-2006 Türkiye Enerji Raporu”, Ankara: DEK-TMK, Yayın no: 0004/2007.
  • Diakoulaki, D., C. Zopounidis, G. Mavrotasa, M. Doumpos (1999) “The Use of a Preference Disaggregation Method in Energy Analysis and Policy Making”, Energy, 24, 157–166.
  • Doumpos, M., F. Pasiouras (2005) “Developing and Testing Models for Replicating Credit Ratings: A Multicriteria Approach”, Computational Economics, 25, 327–341.
  • Doumpos, M., C. Zopounidis (2002) “Multicriteria Decision Aid Classification Methods”, Dordrecht: Kluwer Academic Publishers.
  • Gaganis, C., F. Pasiouras, C. Zopounidis (2006) “External Auditors’ Decisions in EU Credit Institutions: A Multicriteria Approach”, International Journal of Auditing, 10, 163–182.
  • Greco, S., B. Matarazzo, R. Slowinski (2002) “Rough Sets Methodology for Sorting Problems in Presence of Multiple Attributes and Criteria”, European Journal of Operational Research, 138, 247– 259.
  • Jacquet-Lagrèze, E. and Y. Siskos (1982) “Assessing A Set of Additive Utility Functions for Multicriteria Decision Making, the UTA Method”, European Journal of Operational Research, 10, 151–164.
  • Jacquet-Lagrèze, E. (1995) “An Application of the UTA Discriminant Model for the Evaluation of R & D Projects”, in: P. M. Pardalos, Y. Siskos and C. Zopounidis (eds.), Advances in Multicriteria Analysis, Dordrecht: Kluwer Academic Publishers, 203–211.
  • Larichev, O.I., H.M. Moskovich (1994) “An Approach to Ordinal Classification Problems”, International Transactions in Operational Research, 1(3), 375–385.
  • Massaglia, R., A. Ostanello (1991) “N-Tomic: A Support System For Multicriteria Segmentation Problems”, in: P. Korhonen, A. Lewandowski, and J.Wallenius, Editors, Multiple Criteria Decision Support, 167–174, LNEMS 356, Berlin: Springer Verlag.
  • Pasiouras, F., S. Tanna, C. Zopounidis (2007) “The İdentification of Acquisition Targets in the EU Banking Industry: An Application of Multicriteria Approaches”, International Review of Financial Analysis, 16, 262–281.
  • Pendaraki, K., C. Zopounidis, M. Doumpos (2005) “On the Construction of Mutual Fund Portfolios: A Multicriteria Methodology and an Application to the Greek Market of Equity Mutual Funds”, European Journal of Operational Research, 163, 462–481.
  • Perny, P. (1998) “Multicriteria Filtering Methods Based on Concordance/Non-Discordance Principles”, Annals of Operations Research, 80: 137–167.
  • Roy, B. (1996) Multicriteria Methodology for Decision Aiding, Dordrecht: Kluwer Academic Publishers.
  • Siskos, Y., D. Yannacopoulos (1985) “UTASTAR: An Ordinal Regression Method For Building Additive Value Functions”, Investigação Operacional, 5(1), 39–53.
  • Spathis, M., M. Doumpos, C. Zopounidis (2003) “Using Client Performance Measures to Identify Pre-Engagement Factors Associated with Qualified Audit Reports in Greece”, The International Journal of Accounting, 38, 267–284.
  • Voulgaris, F., M. Doumpos, C. Zopounidis (2000) “On The Evaluation of Greek Industrial Smes’ Performance Via Multicriteria Analysis of Financial Ratios”, Small Business Economics, 15, 127–136.
  • Yu, W. (1992) “Aide Multicrit`Ere `A la D´Ecision Dans le Cadre de la Probl´Ematique du Tri: M´Ethodes et Applications, Paris: Unpublished Phd Thesis, LAMSADE, Universit´E Paris Dauphine.
  • Zopounidis C., M. Doumpos (1997) “A Multicriteria Decision Aid Methodology For The Assessment of Country Risk” European Research on Management and Business Economics, 3(3), 13–33.
  • Zopounidis, C., M. Doumpos (1998) “Developing A Multicriteria Decision Support System for Finan¬cial Classification Problems: The FINCLAS System”, Optimization Methods and Software, 8, 277-304.
  • Zopounidis C., M. Doumpos (1999a) “Business Failure Prediction Using The UTADIS Multicriteria Analysis Method”, Journal of the Operational Research Society, 50, 1138-1148.
  • Zopounidis, C., Doumpos, M. (1999b) “A Multicriteria Decision Aid Methodology For Sorting Decision Problems: The Case of Financial Distress”, Computational Economics, 14, 197–218.
  • Zopounidis, C., Doumpos, M. (2000) “PREFDIS: A Multicriteria Decision Support System For Sorting Decision Problems”, Computers And Operations Research, 27(7-8), 779-797.
  • Zhou, P., Ang, B.W., Poh, K.L. (2006). “Decision Analysis in Energy and Environmental Modeling: An Update”, Energy, 31, 2604–2622.

UTADIS ÇOK KRİTERLİ SINIFLANDIRMA METODOLOJİSİ VE TÜRKİYE ENERJİ SEKTÖRÜ UYGULAMASI

Year 2009, Volume: 27 Issue: 2, 141 - 159, 31.12.2009

Abstract

Çok Kriterli Karar Analizi (ÇKKA) karar
vericilere birbirleriyle çelişen birçok faktörü içeren gerçek hayat
problemlerini modellemede destek sağlayan bir Yöneylem Araştırması
disiplinidir. Sınıflandırma problemi, seçim, sıralama ve tanımlama ile beraber
Çok Kriterli Karar Analizinin problem alanlarından birisidir. UTADIS tekniği
sınıflandırmaya yönelik literatürde enerji problemleri de dahil olmak üzere
birçok alanda uygulanmış bir Çok Kriterli Karar Analizi tekniği olarak
karşımıza çıkmaktadır. Bu teknik, parametrik olmayan sıralı bir regresyon
temelli bir sistem üzerinde işleyen ve önceden belirlenmiş gruplardaki
alternatifleri sınıflamak ve grupları eşiklerini hatayı minimize edecek şekilde
belirlemeyi amaçlayan bir yöntemdir. Enerji kararlarının birden fazla amacın,
kriterin veya niteliğin bir araya geldiği bir yapısı, Çok Kriterli Karar
Analizi tekniklerinin bu alanda uygulanmasını mümkün kılmaktadır. Bu amaca
yönelik olarak, çalışmada, UTADIS tekniği detaylı olarak ele alınmakta ve
Türkiye elektrik dağıtım sektöründe uygulaması yapılarak sonuçlar
yorumlanmaktadır.



  

References

  • Baourakis, G., M. Conisescu, G. Van Dijk, P.M. Pardalos, C. Zopounidis (2007) “A Multicriteria Approach for Rating the Credit Risk of Financial Institutions”, Computational Management Science, 6, 347–356.
  • Belacel, N. (2000) “Multicriteria Assignment Method PROAFTN: Methodology And Medical Application”. European Journal of Operational Research, 125(1), 175–183.
  • Devaud, J.M., G. Groussaud and E. Jacquet-Lagrèze (1980) “UTADIS: Une Méthode de Construction de Fonctions d’utilité Additives Rendant Compte de Jugements Globaux”, Bochum: European Working Group on Multicriteria Decision Aid.
  • Dünya Enerji Konseyi Türk Milli Komitesi (2007) “2005-2006 Türkiye Enerji Raporu”, Ankara: DEK-TMK, Yayın no: 0004/2007.
  • Diakoulaki, D., C. Zopounidis, G. Mavrotasa, M. Doumpos (1999) “The Use of a Preference Disaggregation Method in Energy Analysis and Policy Making”, Energy, 24, 157–166.
  • Doumpos, M., F. Pasiouras (2005) “Developing and Testing Models for Replicating Credit Ratings: A Multicriteria Approach”, Computational Economics, 25, 327–341.
  • Doumpos, M., C. Zopounidis (2002) “Multicriteria Decision Aid Classification Methods”, Dordrecht: Kluwer Academic Publishers.
  • Gaganis, C., F. Pasiouras, C. Zopounidis (2006) “External Auditors’ Decisions in EU Credit Institutions: A Multicriteria Approach”, International Journal of Auditing, 10, 163–182.
  • Greco, S., B. Matarazzo, R. Slowinski (2002) “Rough Sets Methodology for Sorting Problems in Presence of Multiple Attributes and Criteria”, European Journal of Operational Research, 138, 247– 259.
  • Jacquet-Lagrèze, E. and Y. Siskos (1982) “Assessing A Set of Additive Utility Functions for Multicriteria Decision Making, the UTA Method”, European Journal of Operational Research, 10, 151–164.
  • Jacquet-Lagrèze, E. (1995) “An Application of the UTA Discriminant Model for the Evaluation of R & D Projects”, in: P. M. Pardalos, Y. Siskos and C. Zopounidis (eds.), Advances in Multicriteria Analysis, Dordrecht: Kluwer Academic Publishers, 203–211.
  • Larichev, O.I., H.M. Moskovich (1994) “An Approach to Ordinal Classification Problems”, International Transactions in Operational Research, 1(3), 375–385.
  • Massaglia, R., A. Ostanello (1991) “N-Tomic: A Support System For Multicriteria Segmentation Problems”, in: P. Korhonen, A. Lewandowski, and J.Wallenius, Editors, Multiple Criteria Decision Support, 167–174, LNEMS 356, Berlin: Springer Verlag.
  • Pasiouras, F., S. Tanna, C. Zopounidis (2007) “The İdentification of Acquisition Targets in the EU Banking Industry: An Application of Multicriteria Approaches”, International Review of Financial Analysis, 16, 262–281.
  • Pendaraki, K., C. Zopounidis, M. Doumpos (2005) “On the Construction of Mutual Fund Portfolios: A Multicriteria Methodology and an Application to the Greek Market of Equity Mutual Funds”, European Journal of Operational Research, 163, 462–481.
  • Perny, P. (1998) “Multicriteria Filtering Methods Based on Concordance/Non-Discordance Principles”, Annals of Operations Research, 80: 137–167.
  • Roy, B. (1996) Multicriteria Methodology for Decision Aiding, Dordrecht: Kluwer Academic Publishers.
  • Siskos, Y., D. Yannacopoulos (1985) “UTASTAR: An Ordinal Regression Method For Building Additive Value Functions”, Investigação Operacional, 5(1), 39–53.
  • Spathis, M., M. Doumpos, C. Zopounidis (2003) “Using Client Performance Measures to Identify Pre-Engagement Factors Associated with Qualified Audit Reports in Greece”, The International Journal of Accounting, 38, 267–284.
  • Voulgaris, F., M. Doumpos, C. Zopounidis (2000) “On The Evaluation of Greek Industrial Smes’ Performance Via Multicriteria Analysis of Financial Ratios”, Small Business Economics, 15, 127–136.
  • Yu, W. (1992) “Aide Multicrit`Ere `A la D´Ecision Dans le Cadre de la Probl´Ematique du Tri: M´Ethodes et Applications, Paris: Unpublished Phd Thesis, LAMSADE, Universit´E Paris Dauphine.
  • Zopounidis C., M. Doumpos (1997) “A Multicriteria Decision Aid Methodology For The Assessment of Country Risk” European Research on Management and Business Economics, 3(3), 13–33.
  • Zopounidis, C., M. Doumpos (1998) “Developing A Multicriteria Decision Support System for Finan¬cial Classification Problems: The FINCLAS System”, Optimization Methods and Software, 8, 277-304.
  • Zopounidis C., M. Doumpos (1999a) “Business Failure Prediction Using The UTADIS Multicriteria Analysis Method”, Journal of the Operational Research Society, 50, 1138-1148.
  • Zopounidis, C., Doumpos, M. (1999b) “A Multicriteria Decision Aid Methodology For Sorting Decision Problems: The Case of Financial Distress”, Computational Economics, 14, 197–218.
  • Zopounidis, C., Doumpos, M. (2000) “PREFDIS: A Multicriteria Decision Support System For Sorting Decision Problems”, Computers And Operations Research, 27(7-8), 779-797.
  • Zhou, P., Ang, B.W., Poh, K.L. (2006). “Decision Analysis in Energy and Environmental Modeling: An Update”, Energy, 31, 2604–2622.
There are 27 citations in total.

Details

Journal Section Articles
Authors

Aydın Ulucan

Kazım Barış Atıcı

Publication Date December 31, 2009
Submission Date May 16, 2017
Published in Issue Year 2009 Volume: 27 Issue: 2

Cite

APA Ulucan, A., & Atıcı, K. B. (2009). UTADIS ÇOK KRİTERLİ SINIFLANDIRMA METODOLOJİSİ VE TÜRKİYE ENERJİ SEKTÖRÜ UYGULAMASI. Hacettepe Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi, 27(2), 141-159.
AMA Ulucan A, Atıcı KB. UTADIS ÇOK KRİTERLİ SINIFLANDIRMA METODOLOJİSİ VE TÜRKİYE ENERJİ SEKTÖRÜ UYGULAMASI. Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi. December 2009;27(2):141-159.
Chicago Ulucan, Aydın, and Kazım Barış Atıcı. “UTADIS ÇOK KRİTERLİ SINIFLANDIRMA METODOLOJİSİ VE TÜRKİYE ENERJİ SEKTÖRÜ UYGULAMASI”. Hacettepe Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi 27, no. 2 (December 2009): 141-59.
EndNote Ulucan A, Atıcı KB (December 1, 2009) UTADIS ÇOK KRİTERLİ SINIFLANDIRMA METODOLOJİSİ VE TÜRKİYE ENERJİ SEKTÖRÜ UYGULAMASI. Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 27 2 141–159.
IEEE A. Ulucan and K. B. Atıcı, “UTADIS ÇOK KRİTERLİ SINIFLANDIRMA METODOLOJİSİ VE TÜRKİYE ENERJİ SEKTÖRÜ UYGULAMASI”, Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, vol. 27, no. 2, pp. 141–159, 2009.
ISNAD Ulucan, Aydın - Atıcı, Kazım Barış. “UTADIS ÇOK KRİTERLİ SINIFLANDIRMA METODOLOJİSİ VE TÜRKİYE ENERJİ SEKTÖRÜ UYGULAMASI”. Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 27/2 (December 2009), 141-159.
JAMA Ulucan A, Atıcı KB. UTADIS ÇOK KRİTERLİ SINIFLANDIRMA METODOLOJİSİ VE TÜRKİYE ENERJİ SEKTÖRÜ UYGULAMASI. Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi. 2009;27:141–159.
MLA Ulucan, Aydın and Kazım Barış Atıcı. “UTADIS ÇOK KRİTERLİ SINIFLANDIRMA METODOLOJİSİ VE TÜRKİYE ENERJİ SEKTÖRÜ UYGULAMASI”. Hacettepe Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi, vol. 27, no. 2, 2009, pp. 141-59.
Vancouver Ulucan A, Atıcı KB. UTADIS ÇOK KRİTERLİ SINIFLANDIRMA METODOLOJİSİ VE TÜRKİYE ENERJİ SEKTÖRÜ UYGULAMASI. Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi. 2009;27(2):141-59.

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