A New Grey Approach for Using SWARA and PIPRECIA Methods in a Group Decision-Making Environment

Download or read book A New Grey Approach for Using SWARA and PIPRECIA Methods in a Group Decision-Making Environment written by Dragisa Stanujkic and published by Infinite Study. This book was released on 2021-07-01 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: The environment in which the decision-making process takes place is often characterized by uncertainty and vagueness and, because of that, sometimes it is very hard to express the criteria weights with crisp numbers. Therefore, the application of the Grey System Theory, i.e., grey numbers, in this case, is very convenient when it comes to determination of the criteria weights with partially known information. Besides, the criteria weights have a significant role in the multiple criteria decision-making process. Many ordinary multiple criteria decision-making methods are adapted for using grey numbers, and this is the case in this article as well. A new grey extension of the certain multiple criteria decision-making methods for the determination of the criteria weights is proposed. Therefore, the article aims to propose a new extension of the Step-wiseWeight Assessment Ratio Analysis (SWARA) and PIvot Pairwise Relative Criteria Importance Assessment (PIPRECIA) methods adapted for group decision-making.