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Comparative Analysis of the Simple WISP and Some Prominent MCDM Methods: A Python Approach

Authors :
Stanujkic, Dragisa Karabasevic, Darjan Popovic, Gabrijela and Zavadskas, Edmundas Kazimieras Saracevic, Muzafer Stanimirovic, Predrag S. Ulutas, Alptekin Katsikis, Vasilios N. and Meidute-Kavaliauskiene, Ieva
Publication Year :
2021

Abstract

This article presents a comparison of the results obtained using the newly proposed Simple Weighted Sum Product method and some prominent multiple criteria decision-making methods. For comparison, several analyses were performed using the Python programming language and its NumPy library. The comparison was also made on a real decision-making problem taken from the literature. The obtained results confirm the high correlation of the results obtained using the Simple Weighted Sum Product method and selected multiple criteria decision-making methods such as TOPSIS, SAW, ARAS, WASPAS, and CoCoSo, which confirms the usability of the Simple Weighted Sum Product method for solving multiple criteria decision-making problems.

Details

Language :
English
Database :
OpenAIRE
Accession number :
edsair.od......2127..bd63e1c1f35af994885cf639a9b92221