Assignment of Weights. Other methods, besides arbitrary, for weight assignment exist There are both direct and indirect weight elicitation techniques Source: The Engineering Design of Systems Models and Methods By Dennis M. Buede (Chapter 13). Alternative Weighting Methods.
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Source: The Engineering Design of Systems
Models and Methods
By Dennis M. Buede
Direct Weight Elicitation Techniques
3. Rank Reciprocal:
Indirect Weight Elicitation Techniques
Analytical Hierarchy Process:
Balance Beam Approach (This method was used to determine the weights)
This example will be carried out through the rest of the semester. It will be used to illustrate the use of Decision Making under Uncertainty.
The above are the relative weights calculated using the different direct weighing techniques.
Note that, in each column, the total weights add up to 1. The relative importance of each Evaluation Measure is denoted by what percentage of the whole each EM occupies. The higher the value, the more important the EM.
Please note: All of the above methods are implemented in an Excel macro. If you are unsure of which method to use, it is easy to perform a few different weight calculations and then choose the results that best match your preferences.