A simple approach for multi-criteria decision-making on basis of probability theory

A simple approach for multi-criteria decision-making on basis of probability theory

Blog Article

In the present paper, a new concept of favorable probability is proposed first, and a simplified approach for multi-criteria decision-making is developed on basis of probability theory.It assumes that all the performance indexes of all FIX MAX GEL alternatives can be divided into beneficial and unbeneficial types in the multi-criteria decision-making, and each performance index of all alternative makes its contribution to a partial favorable probability in positively or negatively correlative manners linearly upon its type of beneficial or unbeneficial; the partial favorable probability of each performance index with the same physical meaning is normalized in the alternative group; the product of all partial favorable probability of FENUGREEK an alternative makes the total favorable probability of the alternative.As a consequence, all the alternatives can be ranked according to their total favorable probability comparatively in the multi-criteria decision-making.As application examples of the new method, the quantitative assessment of multi-criteria selection for effective dwelling house walls, project managers and contractor for construction works are given in detail, satisfied results are obtained.

First published online 10 January 2023.