On solving stochastic MADM problems

On solving stochastic MADM problems

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Article ID: iaor200970204
Country: Serbia
Volume: 19
Issue: 1
Start Page Number: 75
End Page Number: 83
Publication Date: Jan 2009
Journal: Yugoslav Journal of Operations Research
Authors: ,
Abstract:

The paper examines a MADM problem with stochastic attributes. The transformation of a stochastic MADM problem into a cardinal problem is done by the standardization of the probability distribution of each attribute and calculating the information of each attribute as Shannon's entropy or Onicescu's informational energy. Some well known (performant) methods to solve a cardinal MADM problem are presented and a method for combining results of several methods to give a final MADM solution is discussed.

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