How to Estimate Weights in MCDM methods? Using CRITIC Method.
In most multi-criteria decision making (MCDM) models, assigning weights to criteria is an important step that needs to be reexamined. Though, determining the weights of criteria is one of the key problems that arise in multi-criteria decision making . There are various weighting methods that have been proposed in literature and applied for solving different MCDM problems such as goal programming, Analytic Hierarchy Process (AHP), weighted score
method, VIKOR, TOPSIS, WASPAS, CODAS, ERAS, PSI, GRA, etc. These weighting
methods are classified in different ways: Direct criteria weighting methods (scaling, ranking-weight, point allocation procedures and an indirect approach (weight derived from theories and mathematical model). In practice, it is difficult even for a single decision maker to supply numerical relative weights of different decision criteria. Naturally, obtaining criteria
weights from several decision makers is more difficult.
After the presentation of Entropy Shannon method, this video presents Criteria Importance Through Inter-criteria Correlation (CRITIC) as objective weighting method. All steps are presented in this video.
The video answersthe following questions:
How to use Criteria Importance Through Inter-criteria Correlation (CRITIC) in weights calculation?
How to calculate criteria weights with Criteria Importance Through Inter-criteria Correlation (CRITIC)?
How to find criteria weights with Criteria Importance Through Inter-criteria Correlation (CRITIC)?
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link for the article
https://mega.nz/file/ciw1QChT#bozG9ht...
