A Novel MCDM Method: The Integrative Reference Point Approach

This study proposes a novel method called the “Integrative Reference Point Approach (IRPA)” as an alternative method to existing MCDM methods. The basis of the newly proposed method is the satisfaction function and the reference set approach. Three different applications are performed to verify the validity of the proposed method from the perspective of optimal alternative rankings and sensitivity to changes in criteria weights. All results of comparative and sensitivity analyses show that the novel method is moderately sensitive to changes in criteria weights and compatible with other methods.