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Bootstrap Evaluation of Expert Panel Opinion in Case Studies Solved by REPOMP
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Author(s): Natalia D. Nikolova (Nikola Vaptsarov Naval Academy, Bulgaria, & Australian Maritime College, University of Tasmania, Australia), Snejana Ivanova (Nikola Vaptsarov Naval Academy, Bulgaria), Gergana Georgieva (Nikola Vaptsarov Naval Academy, Bulgaria), Ivan Armenski (Technical University – Gabrovo, Bulgaria)and Kiril I. Tenekedjiev (Nikola Vaptsarov Naval Academy, Bulgaria)
Copyright: 2015
Pages: 29
Source title:
Progressive Engineering Practices in Marine Resource Management
Source Author(s)/Editor(s): Ivelina Zlateva (Independent Researcher, Bulgaria), Violin Raykov (Institute of Oceanology, Bulgaria)and Nikola Nikolov (Technical University of Varna, Bulgaria)
DOI: 10.4018/978-1-4666-8333-4.ch002
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Abstract
This chapter discusses several applications of the REPOMP procedure (Randomized Expert Panel Opinion Marginalizing Procedure). It analyzes the subjective opinion of an expert panel in a multi-criteria decision making situation. It starts with an expert panel constructing a hierarchical structure of criteria to evaluate the alternatives. At a next stage, the same expert panel evaluates the relative weight of each criterion and the degree of compliance of each alternative with those criteria. Then a randomized procedure is applied to calculate the marginal indicator of each alternative and make the final ordering based on it. Additional simulation procedure is applied to analyze the distribution of that marginal indicator. The alternatives are also being allocated to indifference classes using hypothesis testing procedures. The analyzed examples refer to issues in environmental management, energy efficiency and spatial data infrastructures.
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