weighting methods

Model Perspective

Oct 11, 2022 · Fundamentals

Choosing Between Subjective and Objective Weighting Methods for Multi‑Criteria Evaluation

This article reviews common techniques for determining indicator weights in multi‑criteria assessments, comparing subjective approaches such as the Delphi and Analytic Hierarchy Process with objective methods like coefficient of variation, entropy, correlation‑based and CRITIC, illustrating each with procedural steps, formulas, empirical data from listed companies, and comparative analysis of results.