multi-criteria decision making

Model Perspective

Jun 4, 2024 · Fundamentals

How Analytic Network Process (ANP) Beats AHP for Complex Decisions

This article introduces the Analytic Network Process (ANP), an extension of the Analytic Hierarchy Process that handles interdependent criteria through network modeling, outlines its mathematical framework and step-by-step procedure—including structuring, matrix construction, weight calculation, supermatrix formation, and final decision—illustrated with a project‑management software selection example.

AHPANPNetwork Modeling

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How Analytic Network Process (ANP) Beats AHP for Complex Decisions

Model Perspective

Sep 18, 2023 · Fundamentals

Choosing the Perfect Option: A Practical Guide to the TOPSIS Method

This article introduces the TOPSIS (Technique for Order of Preference by Similarity to Ideal Solution) method, explains its mathematical modeling steps, and demonstrates its application through a smartphone selection example, highlighting how to rank alternatives by their closeness to an ideal solution.

TOPSISdecision analysismulti-criteria decision making

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Choosing the Perfect Option: A Practical Guide to the TOPSIS Method

Model Perspective

Mar 11, 2023 · Fundamentals

Mastering the Analytic Hierarchy Process (AHP) with Python: Step‑by‑Step Guide

This article introduces the Analytic Hierarchy Process (AHP), explains its hierarchical modeling, mathematical foundations, step‑by‑step implementation, and provides complete Python code for constructing comparison matrices, calculating weights, and performing consistency checks to ensure reliable results.

Analytic Hierarchy ProcessConsistency RatioPython

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Mastering the Analytic Hierarchy Process (AHP) with Python: Step‑by‑Step Guide

Model Perspective

Nov 6, 2022 · Operations

How to Master Multi‑Criteria Decision Making for Comprehensive Evaluations

This article explains the concept of comprehensive evaluation problems, outlines the five essential elements of an evaluation system, and reviews classic multi‑criteria decision‑making methods such as TOPSIS, entropy weight, and AHP, while offering practical guidance on indicator selection, data preprocessing, model suitability, and result validation.

MADMevaluation modelsmulti-criteria decision making

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How to Master Multi‑Criteria Decision Making for Comprehensive Evaluations

Model Perspective

Nov 6, 2022 · Operations

Mastering TOPSIS: A Step-by-Step Guide to Multi-Criteria Decision Making

This article explains the TOPSIS technique, detailing its origin, core principle of distance to ideal solutions, and a clear seven-step procedure for applying it to rank alternatives in multi‑criteria decision problems.

TOPSISdecision analysismulti-criteria decision making

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Mastering TOPSIS: A Step-by-Step Guide to Multi-Criteria Decision Making

Model Perspective

Sep 1, 2022 · Fundamentals

Mastering Evaluation Models: From TOPSIS to Entropy‑AHP for Decision Making

This article explains the fundamentals of evaluation models, outlines five key components of such problems, reviews common methods like TOPSIS, entropy weight, and AHP, and discusses innovative strategies such as composite indicators and combining evaluation models with each other or with predictive algorithms.

AHPTOPSIScomposite indicators

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Mastering Evaluation Models: From TOPSIS to Entropy‑AHP for Decision Making

Model Perspective

May 30, 2022 · Fundamentals

How to Define the “Best” Object in Multi‑Criteria Evaluation Models

This article explains how to set the “best” reference in comprehensive evaluation models by introducing several modeling approaches—including full‑score, ideal‑object, TOPSIS, and DEA—along with the necessary terminology, weighting, and distance calculations.

DEATOPSISevaluation models

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How to Define the “Best” Object in Multi‑Criteria Evaluation Models

Model Perspective

May 30, 2022 · Fundamentals

Mastering Grey Relational Analysis: Step-by-Step Guide for Multi-Criteria Evaluation

This article outlines the complete procedure of Grey Relational Analysis, from preprocessing evaluation indicators and constructing the evaluation matrix to calculating relational coefficients, grey relational degrees, and ranking objects based on their relational scores, providing a clear framework for multi‑criteria decision making.

Decision SupportEvaluation MethodGrey Relational Analysis

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Mastering Grey Relational Analysis: Step-by-Step Guide for Multi-Criteria Evaluation

Model Perspective

May 18, 2022 · Fundamentals

Mastering Evaluation Models: From TOPSIS to Entropy‑AHP for Decision‑Making

This article explains the concept of evaluation problems, outlines five essential elements, introduces common models such as TOPSIS, entropy weight, AHP, and fuzzy evaluation, and discusses how to combine and innovate evaluation models for more effective decision‑making.

AHPTOPSISentropy weight

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Model Perspective

May 15, 2022 · Fundamentals

Mastering TOPSIS: A Step‑by‑Step Guide to Multi‑Criteria Decision Making

TOPSIS (Technique for Order Preference by Similarity to an Ideal Solution) is a widely used multi‑criteria decision‑making method that ranks alternatives by their geometric distance to an ideal positive solution and farthest from a negative solution, with a straightforward seven‑step process from data normalization to final ranking.

TOPSISdecision analysismulti-criteria decision making

0 likes · 4 min read

Model Perspective

May 9, 2022 · Fundamentals

How to Master Multi‑Criteria Decision Making for Comprehensive Evaluations

This article explains the concept of comprehensive evaluation problems, outlines the five essential elements of an evaluation system, and reviews classic multi‑criteria decision‑making methods such as TOPSIS, entropy weighting, and AHP, while highlighting key practical considerations.

AHPTOPSISevaluation models

0 likes · 5 min read