Modified Weighted Sum Method for Decisions with Altered Sources of Information

Multi Attribute Decision Making (MADM) is an asset to provide solutions for our todays' complex issues and problems. The fact of the matter is that the main source of information in many MADMs is a panel of experts. However, in some cases, there is a possibility of lack of knowledge by the pane...

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Main Authors:	Sorooshian, Shahryar, Parsia, Yasaman
Format:	Article
Language:	English
Published:	Horizon Research Publishing 2019
Subjects:	HA Statistics HB Economic Theory
Online Access:	http://umpir.ump.edu.my/id/eprint/25915/ http://umpir.ump.edu.my/id/eprint/25915/ http://umpir.ump.edu.my/id/eprint/25915/ http://umpir.ump.edu.my/id/eprint/25915/1/Modified%20Weighted%20Sum%20Method%20for%20Decisions%20with%20Altered%20Sources%20of%20Information.pdf

id	ump-25915
recordtype	eprints
spelling	ump-259152019-10-03T01:42:25Z http://umpir.ump.edu.my/id/eprint/25915/ Modified Weighted Sum Method for Decisions with Altered Sources of Information Sorooshian, Shahryar Parsia, Yasaman HA Statistics HB Economic Theory Multi Attribute Decision Making (MADM) is an asset to provide solutions for our todays' complex issues and problems. The fact of the matter is that the main source of information in many MADMs is a panel of experts. However, in some cases, there is a possibility of lack of knowledge by the panel to rank or weight one or a few particular criterion/criteria for the decision making. Therefore, the decision maker needs an altered source of information to complete the decision making process. Hence, WSM (Weighted Sum Method) by means of the most popular MADM techniques is selected; and as a prior aim of this article, a modified version of the WSM is proposed as a solution for multiple criteria decision makers by way of a solution for the cases when there is a need for another source of information to rank or weight the particular criterion/criteria. The modified WSM is presented in five stages. The validity, through feasibility, of the modified WSM is tested and verified in a numerical example. Additionally, following this article, future researches could use the same approach for modification of other MADMs to deal with two or more sources of information. Horizon Research Publishing 2019 Article PeerReviewed pdf en cc_by_4 http://umpir.ump.edu.my/id/eprint/25915/1/Modified%20Weighted%20Sum%20Method%20for%20Decisions%20with%20Altered%20Sources%20of%20Information.pdf Sorooshian, Shahryar and Parsia, Yasaman (2019) Modified Weighted Sum Method for Decisions with Altered Sources of Information. Mathematics and Statistics, 7 (3). pp. 57-60. ISSN 2332-2144 http://www.hrpub.org/journals/article_info.php?aid=8096 DOI: 10.13189/ms.2019.070301
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Malaysia Pahang
building	UMP Institutional Repository
collection	Online Access
language	English
topic	HA Statistics HB Economic Theory
spellingShingle	HA Statistics HB Economic Theory Sorooshian, Shahryar Parsia, Yasaman Modified Weighted Sum Method for Decisions with Altered Sources of Information
description	Multi Attribute Decision Making (MADM) is an asset to provide solutions for our todays' complex issues and problems. The fact of the matter is that the main source of information in many MADMs is a panel of experts. However, in some cases, there is a possibility of lack of knowledge by the panel to rank or weight one or a few particular criterion/criteria for the decision making. Therefore, the decision maker needs an altered source of information to complete the decision making process. Hence, WSM (Weighted Sum Method) by means of the most popular MADM techniques is selected; and as a prior aim of this article, a modified version of the WSM is proposed as a solution for multiple criteria decision makers by way of a solution for the cases when there is a need for another source of information to rank or weight the particular criterion/criteria. The modified WSM is presented in five stages. The validity, through feasibility, of the modified WSM is tested and verified in a numerical example. Additionally, following this article, future researches could use the same approach for modification of other MADMs to deal with two or more sources of information.
format	Article
author	Sorooshian, Shahryar Parsia, Yasaman
author_facet	Sorooshian, Shahryar Parsia, Yasaman
author_sort	Sorooshian, Shahryar
title	Modified Weighted Sum Method for Decisions with Altered Sources of Information
title_short	Modified Weighted Sum Method for Decisions with Altered Sources of Information
title_full	Modified Weighted Sum Method for Decisions with Altered Sources of Information
title_fullStr	Modified Weighted Sum Method for Decisions with Altered Sources of Information
title_full_unstemmed	Modified Weighted Sum Method for Decisions with Altered Sources of Information
title_sort	modified weighted sum method for decisions with altered sources of information
publisher	Horizon Research Publishing
publishDate	2019
url	http://umpir.ump.edu.my/id/eprint/25915/ http://umpir.ump.edu.my/id/eprint/25915/ http://umpir.ump.edu.my/id/eprint/25915/ http://umpir.ump.edu.my/id/eprint/25915/1/Modified%20Weighted%20Sum%20Method%20for%20Decisions%20with%20Altered%20Sources%20of%20Information.pdf
first_indexed	2023-09-18T22:40:02Z
last_indexed	2023-09-18T22:40:02Z
_version_	1777416853605318656

Modified Weighted Sum Method for Decisions with Altered Sources of Information

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