Integrated Determination of Objective Criteria Weights in MCDM

Edmundas Kazimieras Zavadskas and Valentinas Podvezko ()
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Edmundas Kazimieras Zavadskas: Research Institute of Smart Building Technologies, Vilnius Gediminas Technical University, Sauletekio al. 11, LT-10223 Vilnius, Lithuania
Valentinas Podvezko: #x2020;Department of Mathematical Statistics, Vilnius Gedminas Technical University, Sauletekio al. 11, LT-10223 Vilnius, Lithuania

International Journal of Information Technology & Decision Making (IJITDM), 2016, vol. 15, issue 02, 267-283

Abstract: In multiple criteria evaluation, criteria weights are of great importance. In practice, subjective criteria weights determined by specialists/experts are commonly used. The types of elements of a decision matrix also play an important role in the evaluation of alternatives. The objective weights help to estimate the structure of data. The entropy method is widely used for determining the weights (significances) of criteria. A new method of the criterion impact loss, CILOS, is used for determining a relative impact loss experienced by the criterion of an alternative, when another criterion is chosen to be the best. The authors of the paper have combined the best features of the entropy method and the CILOS approach to obtain a new method – Integrated Determination of Objective CRIteria Weights, or (IDOCRIW).

Keywords: MCDM; criteria; objective weight; entropy method; CILOS method; determination; IDOCRIW method (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (42)

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DOI: 10.1142/S0219622016500036

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