Weighting methods for multi-criteria decision making technique
Determining criteria weights is a problem that arises frequently in many multi-criteria decision-making (MCDM) techniques. Taking into account the fact that the weights of criteria can significantly influence the outcome of the decision-making process, it is important to pay particular attention to the objectivity factors of criteria weights. This paper provides an overview of different weighting methods applicable to multi-criteria optimization techniques. There are a lot of concept been reported from the literature that are very useful in solving multicriteria problems. The present work emphasized on the use of these weighting methods in determining the criteria preference of each criterion to bring about desirable properties and in order to establish and satisfy a multiple measure of performance across all the criteria selected by identifying the best options possible. And from the results, it shows that subjective weighting methods are easy and straight forward in terms of their computations than the objective weighting methods which derived their information from each criterion by adopting a mathematical function to determine the weights without the decision-maker’s input,. This can be seen from the pairwise comparison which gives an internal storage and random access memory of a smart phone a weight value of 0.33 and 0.22 respectively as they have the highest criteria weights.
Keywords: Multi-criteria, Decision-making, Relative importance, Alternative, Criteria