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Multi-criteria Decision

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Model Perspective
Model Perspective
Feb 9, 2024 · Fundamentals

How a Comprehensive Evaluation Model Explains Family Pressure During Chinese New Year

The article explains how a comprehensive evaluation model—combining qualitative and quantitative criteria—can represent the differing standards families use to judge success during Chinese New Year, illustrating the impact of varied weightings on overall scores and personal comfort.

Chinese New YearMulti-criteria Decisionevaluation model
0 likes · 6 min read
How a Comprehensive Evaluation Model Explains Family Pressure During Chinese New Year
Model Perspective
Model Perspective
Mar 15, 2023 · Operations

How to Rank Multi‑Criteria Options with the Rank‑Sum Ratio Method (Python Demo)

The article explains the rank‑sum ratio method for multi‑criteria decision making, walks through its step‑by‑step procedure, demonstrates a product evaluation case, and provides a full Python implementation to compute standardized scores and final rankings.

Evaluation MethodMulti-criteria DecisionPython
0 likes · 6 min read
How to Rank Multi‑Criteria Options with the Rank‑Sum Ratio Method (Python Demo)
Model Perspective
Model Perspective
Mar 12, 2023 · Fundamentals

Mastering the Entropy Weight Method: Theory, Steps, and Python Example

This article introduces the entropy weight method for multi‑criteria evaluation, explains its theoretical basis, outlines the calculation steps, presents a supplier‑selection case study, and provides a complete Python implementation to compute indicator weights and overall scores.

Multi-criteria DecisionPython implementationdata analysis
0 likes · 7 min read
Mastering the Entropy Weight Method: Theory, Steps, and Python Example
Model Perspective
Model Perspective
Oct 11, 2022 · Fundamentals

Choosing Between Subjective and Objective Weighting Methods for Multi‑Criteria Evaluation

This article reviews common techniques for determining indicator weights in multi‑criteria assessments, comparing subjective approaches such as the Delphi and Analytic Hierarchy Process with objective methods like coefficient of variation, entropy, correlation‑based and CRITIC, illustrating each with procedural steps, formulas, empirical data from listed companies, and comparative analysis of results.

AHPDelphiMulti-criteria Decision
0 likes · 20 min read
Choosing Between Subjective and Objective Weighting Methods for Multi‑Criteria Evaluation
Model Perspective
Model Perspective
May 30, 2022 · Fundamentals

Unlocking Rank Sum Ratio: A Step-by-Step Guide to Comprehensive Evaluation

This article explains the Rank Sum Ratio (RSR) method, detailing how to rank and normalize multi‑criteria data, compute weighted and unweighted RSR values, and use the resulting scores to objectively rank evaluation objects.

Multi-criteria DecisionRSRRank Sum Ratio
0 likes · 3 min read
Unlocking Rank Sum Ratio: A Step-by-Step Guide to Comprehensive Evaluation