Posts

Showing posts with the label MCDM

How ELECTRE II works Part 1 of 9 Part Tutorial Series

Image
Subscribe  to my YouTube Channel or become a paid member of  Baipatra VSC Newsletters  to receive the remaining tutorials. ELECTRE II: Step by Step : Watch the Video Lecture First, a decision matrix is defined, criteria are classified (benefit/cost), and weights are assigned to reflect their relative importance.​ Then, for each pair of alternatives, concordance indices (measuring the strength of support) and discordance indices (measuring the strength of opposition) are computed and compared with thresholds to determine strong and weak outranking relations.​ Finally, ELECTRE II uses these strong and weak outranking graphs in a two‑phase distillation process (descending and ascending) to derive a complete or partial ranking of the alternatives.​ Typical applications Widely used in engineering, transportation, water and environmental management, logistics, and policy planning where decisions involve multiple criteria and stakeholders.​ Particularly useful when decision make...

A Simple Tutorial on Analytical Hierarchy Process

Image
An introduction to the most used multi-criteria decision-making method including example. The tutorial uses a graphical mode to explain the concept.  The Analytic Hierarchy Process (AHP) is a method for organizing and analyzing complex decisions, using math and psychology. It was developed by Thomas L. Saaty in the 1970s and has been refined since then.( Passage Technology ). See the entire video as given above. If you are interested to know more about the technique then click here Music Courtesy: https://pixabay.com/ If you want more such tutorial visit: http://www.baipatra.ws If you have a paper to publish then consider the journals here: http://energyinstyle.website/