An analytical framework for the best–worst method
Qun Wu,
Xinwang Liu,
Ligang Zhou,
Jindong Qin and
Jafar Rezaei
Omega, 2024, vol. 123, issue C
Abstract:
Since the development of the best–worst method (BWM) in 2015, it has become a popular research focus in multi-criteria decision-making. The original optimization problem of the BWM is a nonlinear min–max model that can lead to multiple optimal solutions, while the linear model of the BWM produces a unique solution. The two models need to be solved by optimization software packages. In addition, although the linear model of the BWM can obtain a unique solution, it produces different feasible regions than the nonlinear model of the BWM, and it changes the objective function. This study aims to solve the nonlinear model of the BWM mathematically to obtain the analytical forms of the optimal solutions. First, we transform the original nonlinear model of BWM into an equivalent optimization model driven by the optimally modified comparison vectors. The equivalent BWM provides a solid basis for computing the analytical solutions. Second, for not-fully consistent pairwise comparison systems, we strictly prove that there is only one unique optimal solution with three criteria, and there might be multiple optimal solutions with more than three criteria. We further develop the analytical forms of these unique and multiple optimal solutions and the optimal interval weights. Third, we develop a secondary objective function to select a unique solution for the BWM. The secondary objective function retains all the characteristics of the original nonlinear model of the BWM, and we find the unique solution analytically. Finally, some numerical examples are examined, and a comparative analysis is performed to demonstrate the effectiveness of our analytical solution approach.
Keywords: Multi-criteria decision-making; Best–worst method (BWM); Multiple optimal solutions; Analytical solutions (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:
Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S030504832300138X
Full text for ScienceDirect subscribers only
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:eee:jomega:v:123:y:2024:i:c:s030504832300138x
Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/supportfaq.cws_home/regional
https://shop.elsevie ... _01_ooc_1&version=01
DOI: 10.1016/j.omega.2023.102974
Access Statistics for this article
Omega is currently edited by B. Lev
More articles in Omega from Elsevier
Bibliographic data for series maintained by Catherine Liu ().