How to Estimate Weights in MCDM Methods?Comparative Analysis of Objectives Weighting methods.
This video presents comparative analysis of bjectictive criteria weighting methods.
#shannonentropy, CRITIC methods, mean weight method, standard deviation and variance method are discussed. Shannon entropy method underestimates non beneficial criteria by giving higher weights to beneficial criteria in our example.
All other methods have weights which are not very diffrent.
However, preference selection index PSI provides criteria weights that seems to be realist. As result this method PSI can be used in weights calculation in MCDM methods.
#allocationofweightsinmcdm
#DrAntoineNiyungeko
#meanweights
#decisionmaking
What is the best method in criteria weights calculation?
How to calculate criteria weights?
How to use entropy methods
How to use CRITIC method?
How to use variance in criteria weights calculation?
