Title :
A Mathematically Generated Criteria Weight Approach for Multi-Criterion Decision
Author_Institution :
Fac. of Automotive & Mech. Eng., Changsha Univ. of Sci. & Technol., Changsha, China
Abstract :
The weighting sum method has been widely used in multi-criteria evaluation, ranking, classification and selection problems. A key issue is to determine criteria weights. Many methods to address this issue involve subjectivity. This paper presents an approach to mathematically generate the criteria weights. The proposed approach only needs the importance order of criteria and is mathematically simple. The appropriateness is illustrated by a real-world example that deals with multi-criteria ABC classification.
Keywords :
decision making; inventory management; operations research; inventory management; mathematically generated criteria weight approach; multicriteria ABC classification; multicriteria evaluation; multicriterion decision; subjectivity; weighting sum method; Computational modeling; Computers; Europe; Linear regression; Mathematical model; Measurement; Region 3;
Conference_Titel :
Management and Service Science (MASS), 2010 International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-5325-2
Electronic_ISBN :
978-1-4244-5326-9
DOI :
10.1109/ICMSS.2010.5576586