Work

An Evaluating Method with Combined Assigning-Weight Based on Maximizing Variance

Year: 2015

Type: article

Abstract: This paper proposes a combined assigning-weight approach to determine attribute weights in the multiattribute decision problems. The approach combines subjective weights and objective weights of attributes based on maximizing variance. Objective weights are determined by rough set method and subjective weights by Analytic Hierarchy Process. This new combination method may integrate the merits of both subjective and objective weighting methods. Empirical study shows that the new method can lead to more reasonable weighting results and decision.

Source: Scientific Programming

DOI: 10.1155/2015/290379

Authors: Liu Hongjiu, Hu Yanrong

Institution: Suzhou University of Technology

Language: English

Topic: Multi-Criteria Decision Making

Subfield: Management Science and Operations Research

Field: Decision Sciences

Domain: Social Sciences

Open Access status: hybrid

Estimated APC paid: $2,000

Funders: Ministry of Education of the People's Republic of China, Changshu Institute of Technology