The Selection of Multiattribute Decision Making Methods for Scholarship Student Selection

Selecting scholarship students from a number of competing candidates is a complex decision making process, in which multiple selection criteria have to be considered simultaneously. Multiattribute decision making (MADM) has proven to be an effective approach for ranking or selecting one or more alternatives from a finite number of alternatives with respect to multiple, usually conflicting criteria. This paper formulates the scholarship student selection process as an MADM problem, and presents suitable compensatory methods for solving the problem. A new empirical validity procedure is developed to deal with the inconsistent ranking problem caused by different MADM methods. The procedure aims at selecting a ranking outcome which has a minimum expected value loss, when true attribute weights are not known. An empirical study of a scholarship student selection problem in an Australian university is conducted to illustrate how the selection procedure works.