This paper proposes a modified version of the Weighted Sum method that takes into account decision-maker preferences and provides a possibility of higher interactivity in the selection of the most suitable alternative. The proposed approach uses a specific normalization procedure, which takes into account decision-maker preferences and also introduces a compensation coefficient that enables the decision-maker to make choices between alternatives with higher overall performance ratings and alternatives that better match the decision-maker preferences.
MCDM, Multiple Criteria Decision Making, preferred performance ratings, Weighted Sum Method, normalization procedures, ideal point approach.
Dragisa STANUJKIC, Edmundas Kazimieras ZAVADSKAS, "A Modified Weighted Sum Method Based on the Decision-maker’s Preferred Levels of Performances", Studies in Informatics and Control, ISSN 1220-1766, vol. 24(4), pp. 461-469, 2015. https://doi.org/10.24846/v24i4y201510
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