Page 37 - Decision Making Applications in Modern Power Systems

14 Decision Making Applications in Modern Power Systems

START

Step 1: Formulation of initial decision matrix

Step 2: Computation of normalized matrix

Step 3: Calculation of weighted matrix

Step 4a: Determination of concordance and discordance
set
Step 4 Step 4b: Calculation of concordance and discordance
index

Step 4c: Calculation of concordance and discordance
matrix

Step 5: Computation of concordance and discordance
dominance matrix

Step 6: Calculation of aggregate dominance matrix
(ADM)

Step 7: Preference ordering based on ADM

END

FIGURE 1.3 Flowchart for the implementation of ELECTRE method. ELECTRE, Elimination
and choice translating reality.

where p kj is the actual value of the kth alternative w.r.t. ith criteria, m is the
number of alternatives, n is the number of criteria, x ij is the normalized value
of the ith alternative in terms of jth criteria. The normalized decision matrix
is given by the following equation:
2 ? 3
x 11 x 1n
X 5 4 ^ & ^ 5 ð1:13Þ
?
x m1 x mn