Comparative analysis of MCDM methods for the assessment of sustainable housing affordability
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 a...
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| Format: | Article |
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Elsevier
2016
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| Online Access: | https://eprints.nottingham.ac.uk/34655/ |
| _version_ | 1848794903967956992 |
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| author | Mulliner, Emma Malys, Naglis Maliene, Vida |
| author_facet | Mulliner, Emma Malys, Naglis Maliene, Vida |
| author_sort | Mulliner, Emma |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | 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. |
| first_indexed | 2025-11-14T19:23:36Z |
| format | Article |
| id | nottingham-34655 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| last_indexed | 2025-11-14T19:23:36Z |
| publishDate | 2016 |
| publisher | Elsevier |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-346552020-05-04T20:03:39Z https://eprints.nottingham.ac.uk/34655/ Comparative analysis of MCDM methods for the assessment of sustainable housing affordability Mulliner, Emma Malys, Naglis Maliene, Vida 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. Elsevier 2016-03 Article PeerReviewed Mulliner, Emma, Malys, Naglis and Maliene, Vida (2016) Comparative analysis of MCDM methods for the assessment of sustainable housing affordability. Omega, 59 (Part B). pp. 146-156. ISSN 0305-0483 WPM WSM AHP TOPSIS COPRAS Decision making Housing affordability Multiple criteria MCDM Sensitivity analysis Sustainability http://www.sciencedirect.com/science/article/pii/S0305048315001243 doi:10.1016/j.omega.2015.05.013 doi:10.1016/j.omega.2015.05.013 |
| spellingShingle | WPM WSM AHP TOPSIS COPRAS Decision making Housing affordability Multiple criteria MCDM Sensitivity analysis Sustainability Mulliner, Emma Malys, Naglis Maliene, Vida Comparative analysis of MCDM methods for the assessment of sustainable housing affordability |
| title | Comparative analysis of MCDM methods for the assessment of sustainable housing affordability |
| title_full | Comparative analysis of MCDM methods for the assessment of sustainable housing affordability |
| title_fullStr | Comparative analysis of MCDM methods for the assessment of sustainable housing affordability |
| title_full_unstemmed | Comparative analysis of MCDM methods for the assessment of sustainable housing affordability |
| title_short | Comparative analysis of MCDM methods for the assessment of sustainable housing affordability |
| title_sort | comparative analysis of mcdm methods for the assessment of sustainable housing affordability |
| topic | WPM WSM AHP TOPSIS COPRAS Decision making Housing affordability Multiple criteria MCDM Sensitivity analysis Sustainability |
| url | https://eprints.nottingham.ac.uk/34655/ https://eprints.nottingham.ac.uk/34655/ https://eprints.nottingham.ac.uk/34655/ |