Comparative Analysis of the Simple WISP and Some Prominent MCDM Methods: A Python Approach

Citation:

Stanujkić, D., Karabašević, D., Popović, G., Zavadskas, E. K., Saračević, M., Stanimirović, P. S., Katsikis, V. N., et al. (2021). Comparative Analysis of the Simple WISP and Some Prominent MCDM Methods: A Python Approach. Axioms, 10. Copy at http://www.tinyurl.com/y3kcbdp6

Abstract:

This article presents a comparison of the results obtained using the newly proposed Simple Weighted Sum Product method and some prominent multiple criteria decision-making methods. For comparison, several analyses were performed using the Python programming language and its NumPy library. The comparison was also made on a real decision-making problem taken from the literature. The obtained results confirm the high correlation of the results obtained using the Simple Weighted Sum Product method and selected multiple criteria decision-making methods such as TOPSIS, SAW, ARAS, WASPAS, and CoCoSo, which confirms the usability of the Simple Weighted Sum Product method for solving multiple criteria decision-making problems.

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