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Multi-Criteria Decision Making (MCDM) for technical evaluation of tenderers: A review of methods employed

Multi-criteria decision making (MCDM) is an area that is often discussed in operations research (OR).It is able to handle problems involving multiple criteria, and produce meaningful and quality decision making, especially in selecting the best alternative.This paper is aimed at reviewing the applic...

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Main Authors: Mohamed, Nor Hafizah, Lamsali, Hendrik, Sathyamoorthy, Dinesh
Format: Article
Language:English
Published: Science & Technology Research Institute for Defence (STRIDE) 2015
Subjects:
QA Mathematics
Online Access:http://repo.uum.edu.my/18599/1/DSTTB%208%201%202015%2090-102.pdf
http://repo.uum.edu.my/18599/
http://www.stride.gov.my/v1/techbulletin/2015_vol_8_num_1.pdf
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spelling my.uum.repo.185992016-08-21T07:58:07Z http://repo.uum.edu.my/18599/ Multi-Criteria Decision Making (MCDM) for technical evaluation of tenderers: A review of methods employed Mohamed, Nor Hafizah Lamsali, Hendrik Sathyamoorthy, Dinesh QA Mathematics Multi-criteria decision making (MCDM) is an area that is often discussed in operations research (OR).It is able to handle problems involving multiple criteria, and produce meaningful and quality decision making, especially in selecting the best alternative.This paper is aimed at reviewing the applications of MCDM for technical evaluation of tenderers.It identifies the problems that often occur in technical evaluation of tenderers.The MCDM techniques that have been employed to address these problems are then discussed, along with their benefits and limitations.Based on the review conducted, it can be suggested that analytical hierarchy process (AHP) is the most practical MCDM method for technical evaluation of tenderers, as it provides a fair and open process of assessment by taking into consideration the evaluators involved to avoid the issue of bias, and can be carried out with simplicity and transparency.Nonetheless, studies on other MCDM methods should be further explored due to the limitations of AHP. Science & Technology Research Institute for Defence (STRIDE) 2015 Article PeerReviewed application/pdf en http://repo.uum.edu.my/18599/1/DSTTB%208%201%202015%2090-102.pdf Mohamed, Nor Hafizah and Lamsali, Hendrik and Sathyamoorthy, Dinesh (2015) Multi-Criteria Decision Making (MCDM) for technical evaluation of tenderers: A review of methods employed. Defence S&T Technical Bulletin, 8 (1). pp. 90-102. ISSN 1985-6571 http://www.stride.gov.my/v1/techbulletin/2015_vol_8_num_1.pdf
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutionali Repository
url_provider http://repo.uum.edu.my/
language English
topic QA Mathematics
spellingShingle QA Mathematics
Mohamed, Nor Hafizah
Lamsali, Hendrik
Sathyamoorthy, Dinesh
Multi-Criteria Decision Making (MCDM) for technical evaluation of tenderers: A review of methods employed
description Multi-criteria decision making (MCDM) is an area that is often discussed in operations research (OR).It is able to handle problems involving multiple criteria, and produce meaningful and quality decision making, especially in selecting the best alternative.This paper is aimed at reviewing the applications of MCDM for technical evaluation of tenderers.It identifies the problems that often occur in technical evaluation of tenderers.The MCDM techniques that have been employed to address these problems are then discussed, along with their benefits and limitations.Based on the review conducted, it can be suggested that analytical hierarchy process (AHP) is the most practical MCDM method for technical evaluation of tenderers, as it provides a fair and open process of assessment by taking into consideration the evaluators involved to avoid the issue of bias, and can be carried out with simplicity and transparency.Nonetheless, studies on other MCDM methods should be further explored due to the limitations of AHP.
format Article
author Mohamed, Nor Hafizah
Lamsali, Hendrik
Sathyamoorthy, Dinesh
author_facet Mohamed, Nor Hafizah
Lamsali, Hendrik
Sathyamoorthy, Dinesh
author_sort Mohamed, Nor Hafizah
title Multi-Criteria Decision Making (MCDM) for technical evaluation of tenderers: A review of methods employed
title_short Multi-Criteria Decision Making (MCDM) for technical evaluation of tenderers: A review of methods employed
title_full Multi-Criteria Decision Making (MCDM) for technical evaluation of tenderers: A review of methods employed
title_fullStr Multi-Criteria Decision Making (MCDM) for technical evaluation of tenderers: A review of methods employed
title_full_unstemmed Multi-Criteria Decision Making (MCDM) for technical evaluation of tenderers: A review of methods employed
title_sort multi-criteria decision making (mcdm) for technical evaluation of tenderers: a review of methods employed
publisher Science & Technology Research Institute for Defence (STRIDE)
publishDate 2015
url http://repo.uum.edu.my/18599/1/DSTTB%208%201%202015%2090-102.pdf
http://repo.uum.edu.my/18599/
http://www.stride.gov.my/v1/techbulletin/2015_vol_8_num_1.pdf
_version_ 1644282490973585408
score 13.211869

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