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A three-stage hybrid approach for weight assignment in MADM
Institution:1. Department of Geotechnical Engineering, School of Civil Engineering, Central South University, 22 South Shaoshan Rd., Changsha, Hunan 410075, China;2. National Engineering Laboratory for High-speed Railway Construction, Ministry of Education Key Laboratory for Heavy-haul Railway Engineering Structures, 22 South Shaoshan Rd., Changsha, Hunan 410075, China
Abstract:How to determine weights for attributes is one of the key issues in multiple attribute decision making (MADM). This paper aims to investigate a new approach for determining attribute weights based on a data envelopment analysis (DEA) model without explicit inputs (DEA-WEI) and minimax reference point optimisation. This new approach first considers a set of preliminary weights and the most favourite set of weights for each alternative or decision making unit (DMU) and then aggregates these weight sets to find the best compromise weights for attributes with the interests of all DMUs taken into account fairly and simultaneously. This approach is intended to support the solution of such MADM problems as performance assessment and policy analysis where (a) the preferences of decision makers (DMs) are either unclear and partial or difficult to acquire and (b) there is a need to consider the best "will" of each DMU. Two case studies are conducted to show the property of this new proposed approach and how to use it to determine weights for attributes in practice. The first case is about the assessment of research strengths of EU-28 member countries under certain measures and the second is for analysing the performances of Chinese Project 985 universities, where the weights of the attributes need to be assigned in a fair and unbiased manner.
Keywords:Weights  Attribute  Multiple attribute decision making  Data envelopment analysis  Minimax reference point optimisation
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