Possibilities of eliminating ineffective alternatives in the multi-criteria selection of counterparties for horizontal cooperation

Abstract

The report presents an approach to the filtration of alternatives when choosing a counterparty for horizontal cooperation based on multiple criteria. Filtration procedures precede the optimization procedures for multi-criteria decisions. The filtration is based on the theory of binary relations and preserves only alternatives-majorants in relation to a strict order according to a given criterion. Presented approach eliminates ineffective alternatives without significant quality degradation of the resulting choice. These procedures are implemented in a numerical example for the following generalized selection criteria: scalar; ideal point; geometric mean.