| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 983158 | Procedia Economics and Finance | 2014 | 8 Pages |
Decision making in real practice is usually connected with multiple criteria. Multiple criteria decision making (MCDM) and data envelopment analysis models, even they solve different problem classes, belong to the most often used modeling techniques in this field. Their wider using is often limited by availability of appropriate software tools. The paper presents two freeware software systems that are available for downloading on the author's web pages. The first system is DEA Excel Solver and the second one is Sanna – application for multi-criteria evaluation of alternatives. DEA Excel Solver covers basic DEA models and uses internal MS Excel optimization solver. The application includes standard envelopment models with constant and variable returns to scale including super-efficiency models. Sanna is a simple MS Excel based application for multi-criteria evaluation of alternatives using several important MCDM methods (WSA, ELECTRE I and III, ORESTE, PROMETHEE, TOPSIS, and MAPPAC).
