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Comparative analysis of MCDM methods for the assessment of sustainable housing affordability

Mulliner, Emma; Malys, Naglis; Maliene, Vida

Authors

Emma Mulliner

Vida Maliene



Abstract

While affordability is traditionally assessed in economic terms, this paper tests a new assessment method that draws closer links with sustainability by considering economic, social and environmental criteria that impact on a household’s quality of life. The paper presents an empirical application and comparison of six different multiple criteria decision making (MCDM) approaches for the purpose of assessing sustainable housing affordability.

The comparative performance of the weighted product model (WPM), the weighted sum model (WSM), the revised AHP, TOPSIS and COPRAS, is investigated. The purpose of the comparative analysis is to determine how different MCDM methods compare when used for a sustainable housing affordability assessment model. 20 Evaluative criteria and 10 alternative are as in Liverpool, England, were considered. The applicability of different MCDM methods for the focused decision problem was investigated. The paper discusses the similarities in MCDM methods, evaluates their robustness and contrasts the resulting rankings.

Citation

Mulliner, E., Malys, N., & Maliene, V. (2016). Comparative analysis of MCDM methods for the assessment of sustainable housing affordability. Omega, 59(Part B), https://doi.org/10.1016/j.omega.2015.05.013

Journal Article Type Article
Acceptance Date May 29, 2015
Online Publication Date Jun 16, 2015
Publication Date Mar 1, 2016
Deposit Date Jul 6, 2016
Publicly Available Date Jul 6, 2016
Journal Omega
Print ISSN 0305-0483
Electronic ISSN 0305-0483
Publisher Elsevier
Peer Reviewed Peer Reviewed
Volume 59
Issue Part B
DOI https://doi.org/10.1016/j.omega.2015.05.013
Keywords WPM, WSM, AHP, TOPSIS, COPRAS, Decision making, Housing affordability, Multiple
criteria, MCDM, Sensitivity analysis, Sustainability
Public URL http://eprints.nottingham.ac.uk/id/eprint/34655
Publisher URL http://www.sciencedirect.com/science/article/pii/S0305048315001243
Copyright Statement Copyright information regarding this work can be found at the following address: http://creativecommons.org/licenses/by-nc-nd/4.0

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Copyright Statement
Copyright information regarding this work can be found at the following address: http://creativecommons.org/licenses/by-nc-nd/4.0





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