Friday , May 20 2022

Analysis of the Simple WISP Method Results Using Different Normalization Procedures

Edmundas Kazimieras ZAVADSKAS1*, Dragisa STANUJKIC2,
Darjan KARABASEVIC3, Zenonas TURSKIS1

1 Institute of Sustainable Construction, Vilnius Gediminas Technical University
Sauletekio al. 11, LT-10223 Vilnius, Lithuania
edmundas.zavadskas@vilniustech.lt (*Corresponding author), zenonas.turskis@vilniustech.lt
2 University of Belgrade, Technical Faculty in Bor, Serbia Vojske Jugoslavije 12, Bor 19210, Serbia
dstanujkic@tfbor.bg.ac.rs
3 Faculty of Applied Management, Economics and Finance, University Business Academy in
Novi Sad Jevrejska 24/1, Belgrade 11000, Serbia
darjan.karabasevic@mef.edu.rs

Abstract: The standard WISP method uses the max normalization procedure. In order to check its robustness, the use of the WISP method with square root and sum normalization procedures is discussed in this article. In order to check the similarity of the obtained results, several analyzes were performed using the Python programming language, where the similarity of the obtained results was checked using the cosine similarity measure. The similarity was also checked concerning the results obtained using prominent MCDM methods. The achieved results confirm the significant similarity of the results obtained using the WISP method with the results obtained using the selected MCDM methods, even in the case of using square rot or sum normalization procedures.

Keywords: Simple WISP, MCDM, Normalization procedure.

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CITE THIS PAPER AS:
Edmundas Kazimieras ZAVADSKAS, Dragisa STANUJKIC, Darjan KARABASEVIC, Zenonas TURSKIS, Analysis of the Simple WISP Method Results Using Different Normalization Procedures, Studies in Informatics and Control, ISSN 1220-1766, vol. 31(1), pp. 5-12, 2022. https://doi.org/10.24846/v31i1y202201