Multi-Criteria Decision Analysis Methods Comparison

Abstract

Multi-criteria decision analysis (MCDA) is widely used to solve various decision problems through alternative evaluation. MCDA methods can be used in every field that can define a problem, alternatives and criteria. However, finding the appropriate method can influence the results, in this research five MCDA methods have been tested on the renewable energy sector in Latvia to find the best alternative. The main results showed that TOPSIS, VIKOR and PROMETHEE-GAIA have similar priority selection and the highest ranking was selected for hydropower plant, but MULTIMOORA and COPRAS results were beneficial to Solar PV.