Taxonomical analysis of regional development by outranking relations on multiple principal components

This paper proposes a method of ranking the elements of a set of objects by multi-criteria analysis on multiple principal components derived from a multiple variable dataset pertaining to the objects. Concordance-discordance method of outranking and derivation of preference relations has been suggested as a technique of multi-criteria decision-making. The method has been illustrated by conducting the taxonomical analysis of regions according to their level of development.