Optimization of Weighted Aggregated Sum Product Assessment

By Edmundas Kazimieras Zavadskas, Zenonas Turskis, Jurgita Antucheviciene, Algimantas Zakarevicius. 2012

1,144 citations recorded by the source corpus.

One of important parts of every computer-aided multiple criteria decision support system is selection of a proper MCDM (Multiple Criteria Decision Making) method. WSM (Weighted Sum Model) and WPM (Weighted Product Model) are analyzed in the current research. The aim of the research is to measure the accuracy of the latter methods and to propose a method to increase the ranking accuracy of alternatives. It is proposed to apply joint WASPAS (Weighted Aggregates Sum Product Assessment) method. Methodology for evaluation of accuracy, based on initial criteria values, is developed. Optimization of weighted aggregated function is suggested, that enables to reach the highest accuracy of measurement. An example of application of the proposed methodology is presented. Ill. 3, bibl. 15, tabl. 4 (in English; abstracts in English and Lithuanian). DOI: http://dx.doi.org/10.5755/j01.eee.122.6.1810

Subfields: Management Science and Operations Research

View Paper: https://www.semanticscholar.org/paper/b296576a8a607d713e3fd6689c79f1a01b9dfbd9

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In Management Science and Operations Research

Citations in the corpus

A systematic review and meta-Analysis of SWARA and WASPAS methods: Theory and applications with recent fuzzy developments (2017, methodology): “WASPAS method extended by Zavadskas, Turskis, Antucheviciene and Zakarevicius [133] and can help to attain the high accuracy of estimation using proposed methodology for optimization of weighted aggregation set.”
An Overview of Multi-Criteria Decision-Making Methods in Dealing with Sustainable Energy Development Issues (2018, methodology): “After content analysis, all the selected papers were categorized into 10 fields by the used method: Analytic Hierarchy Process (AHP) [4], Analytic Network Process (ANP) [5]; Fuzzy Set Theory (Fuzzy Sets) [6]; Technique for Order Preference by Similarity to Ideal Solutions (TOPSIS) [7]; Weighted Aggr”
Sustainable Decision-Making in Civil Engineering, Construction and Building Technology (2017, neutral): “, 2012 [125] 2 ELECTRE, Roy 1968 [126] 1 ANP, Saaty 1996 [127] 1 SWARA, Kersuliene et al.”
Applications of WASPAS Method in Manufacturing Decision Making (2014, methodology): “…process, in WASPAS method, a more generalized equation for determining the total relative importance of ith alternative is developed as below (Šaparauskas et al., 2011; Zavadskas et al., 2012): Qi = λQ (1) i + (1 − λ)Q (2) i = λ n ∑ j=1 x̄ijwj + (1 − λ) n ∏ j=1 (x̄ij ) wj (λ = 0,0.1, . . . ,1).”
Multi-Criteria Decision-Making (MCDM) for the Assessment of Renewable Energy Technologies in a Household: A Review (2020, neutral): “• Technology comparison • Evaluation of hybrid energy systems • Energy management problems • Criteria importance through intercriteria correlation (CRITIC) [22] • Technique for order of preference by similarity to the ideal solution (TOPSIS) [23] • Analytical hierarchy process (AHP) [24] • Evaluatio”