Objective methods for determining criteria weight coefficients: A modification of the CRITIC method

  • Mališa Žižović University of Kragujevac, Faculty of Technical Sciences in Cacak, Cacak, Serbia
  • Boža Miljković University of Novi Sad, Faculty of Education Sombor, Novi Sad, Serbia
  • Dragan Marinković Technische Universität Berlin, Faculty of Mechanical and Transport Systems, Berlin, Germany
Keywords: CRITIC, criteria weights, multi-criteria decision making

Abstract

Determining criteria weight coefficients is a crucial step in multi-criteria decision making models. Therefore, this problem is given great attention in literature. This paper presents a new approach in modifying the CRiteria Importance Through Intercreteria Correlation (CRITIC) method, which falls under objective methods for determining criteria weight coefficients. Modifying the CRITIC method (CRITIC-M) entails changing the element normalization process of the initial decision matrix and changing data aggregation from the normalized decision matrix. By introducing a new normalization process, we achieve smaller deviations between normalized elements, which in turn causes lower values of standard deviation. Thus, the relationships between data in the initial decision matrix are presented in a more objective way. By introducing a new process of aggregation of weight coefficient values in the CRITIC-M method, a more comprehensive understanding of data in the initial decision matrix is made possible, leading to more objective values of weight coefficients. The presented CRITIC-M method has been tested in two examples, followed by a discussion of results via comparison to the classic CRITIC method.

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Published
2020-10-10
How to Cite
Žižović, M., Miljković, B., & Marinković, D. (2020). Objective methods for determining criteria weight coefficients: A modification of the CRITIC method. Decision Making: Applications in Management and Engineering, 3(2), 149-161. Retrieved from https://dmame.rabek.org/index.php/dmame/article/view/128