How to Rank Entities with Multi-Criteria Decision Making Methods(MCDM)

Multi-Criteria Decision Making Methods

Ranking with MCDM

You can’t rest on your #1 ranking-because the guy at #2 isn’t resting. He’s still improving his site — Ryan Jones

ABSTRACT

Multi-Criteria Decision Making Methods - Steps

   Key Steps

INTRODUCTION

I. Weighted Sum Method

Multi-Criteria Decision Making Methods - WSM

WSM formula

II. Weighted Product Method

Multi-Criteria Decision Making Methods

WSM Formula

Multi-Criteria Decision Making Methods

WSM Formula Modified

III. Analytic hierarchy process (AHP — Method)

Multi-Criteria Decision Making Methods

   AHP Method

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AHP Formula

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Example of Alternate Matrix

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Normalized Alternate Matrix

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