Abstract

LEYVA LOPEZ, Juan Carlos; GASTELUM CHAVIRA, Diego Alonso  and  URIAS RUIZ, Margarita. A comparative approach of economic sectors in Sinaloa, Mexico, based on multicriteria decision aiding. EconoQuantum [online]. 2016, vol.13, n.1, pp.97-124. ISSN 2007-9869.

In this paper, a multicriteria approach for ranking the performance of the economic sectors of the Sinaloa economy is proposed, and the most attractive sectors are identified. The approach uses the ELECTRE-III method to construct a valued outranking relation and then a multiobjective evolutionary algorithm to exploit the relation to obtain a recommendation. The retail and manufacturing sectors were ranked first in all the rankings; the utilities sector was ranked second in all the rankings; and the mining sector and the management of companies and enterprises sector were ranked the lowest. The results of this application can be useful for investors, business leaders, and policy-makers. The multicriteria approach utilized in this study is simple; furthermore, it can treat uncertainty well. This study also contributes to an important, yet relatively new, body of economic application-based literature that investigates multicriteria approaches to decision making that use fuzzy theory and evolutionary multi-objective optimization methods.

Keywords : Multicriteria decision analysis; Economic sectors; Multiobjective evolutionary algorithms.

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