Details

A comparative analysis of MDCM methods based on pairwise comparison : AHP, BWM and FUCOM
ID Grošelj, Petra (Author), ID Dolinar, Gregor (Author)

.pdfPDF - Presentation file, Download (795,43 KB)
MD5: 920F4AF4E2B5B82684AAC1202EBCA3A5

Abstract
MCDM methods based on pairwise comparisons are widely used to determine the weights of alternatives and criteria in complex problems. In this paper, we compare three of these methods: Analytic Hierarchy Process (AHP), Best-Worst method (BWM) and Full Consistency Method (FUCOM). We compared the number of pairwise comparisons required and the amount of information provided by the experts as well as the consistency of the judgments. The data came from a study on the ranking of driving parameters of business and production management in small and medium-sized enterprises. The results show that AHP with the higher requirement of pairwise comparisons also leads to very reliable weights, while a lower number of pairwise comparisons in BWM and FUCOM, as appealing as it is to the experts, could significantly reduce the input data and decisively influence the ranking of items. Our study also disproves the statement repeatedly found in the literature that BWM is more consistent than AHP due to the lower number of pairwise comparisons required. Rather, we have pointed out the problem of measuring inconsistency in BWM. For FUCOM, we have provided explicit formulas for calculating the weights.

Language:English
Keywords:multi-criteria decision making, pairwise comparisons, analytic hierarchy process, best-worst method, full consistency method
Typology:1.08 - Published Scientific Conference Contribution
Organization:BF - Biotechnical Faculty
Publication status:Published
Publication version:Version of Record
Year:2025
Number of pages:Str. 256-266
PID:20.500.12556/RUL-171945 This link opens in a new window
UDC:519.8(0.034.2)(082.22)
DOI:10.5937/IMCSM25256G This link opens in a new window
COBISS.SI-ID:247652611 This link opens in a new window
Copyright:
Podatki o licenci niso navedeni v članku, ampak samo v kolofonu zbornika (https://doi.org/10.5937/IMCSM25).
Publication date in RUL:04.09.2025
Views:870
Downloads:253
Metadata:XML DC-XML DC-RDF
:
Copy citation
Share:Bookmark and Share

Record is a part of a monograph

Title:Strategic management : touch the new wave
Editors:Đorđe Nikolić
Place of publishing:Bor
Publisher:University of Belgrade, Technical Faculty, Management Department
Year:2025
ISBN:978-86-6305-160-7
COBISS.SI-ID:169576201 This link opens in a new window
Collection title:IMCSM Proceedings
Collection numbering:vol. 21, issue 1 (2025)
Collection ISSN:2620-0597

Licences

License:CC BY-NC-ND 4.0, Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International
Link:http://creativecommons.org/licenses/by-nc-nd/4.0/
Description:The most restrictive Creative Commons license. This only allows people to download and share the work for no commercial gain and for no other purposes.

Secondary language

Language:Slovenian
Keywords:večkriterijsko odločanje, parne primerjave, analitični hierarhični proces, metoda najboljše-najslabše, metoda FUCOM

Projects

Funder:ARIS - Slovenian Research and Innovation Agency
Project number:P4-0059
Name:Gozd, gozdarstvo in obnovljivi gozdni viri

Similar documents

Similar works from RUL:
Similar works from other Slovenian collections:

Back