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How to Rank Entities with Multi-Criteria Decision Making Methods(MCDM)

Introduction

Multi-Criteria Decision Making Methods

Ranking with MCDM

You can’t rest on your #1 ranking-because the guy at #2 isn’t resting. He’s still improving his site — Ryan Jones

ABSTRACT

Multi-Criteria Decision Making Methods - Steps

   Key Steps

INTRODUCTION

I. Weighted Sum Method

Multi-Criteria Decision Making Methods - WSM

WSM formula

 

II. Weighted Product Method

Multi-Criteria Decision Making Methods

WSM Formula

Multi-Criteria Decision Making Methods

WSM Formula Modified

III. Analytic hierarchy process (AHP — Method)

Multi-Criteria Decision Making Methods

   AHP Method

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AHP Formula

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Example of Alternate Matrix

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Normalized Alternate Matrix

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LET’S SOLVE A PROBLEM WITH WHATEVER WE HAVE LEARNED SO FAR

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Alternate Matrix

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Linear Normalization

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Normalized Matrix

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WSM Ranking

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WPM Ranking

About the Author

Shaurya Uppal

Shaurya Uppal is a Data Science enthusiast, who has worked on multiple data science problems in NLP, Ranking Algorithms, and Recommendation Engine. He has also published research papers in different IEEE conferences. He has a good sense of production, data problems, and can ameliorate business metrics.

LinkedIn: https://www.linkedin.com/in/shaurya-uppal/
Github: https://github.com/shauryauppal
StackOverFlow: https://stackoverflow.com/users/6897603/shaurya-uppal
Research Paper: https://scholar.google.co.in/citations?user=zNkN29oAAAAJ&hl=en

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