
The paper analyses the problem of ranking accuracy in multiple criteria decision-making (MCDM) methods. The methodology for measuring the accuracy of determining the relative significance of alternatives as a function of the criteria values is developed. An algorithm of the Technique for the Order Preference by Similarity to Ideal Solution (TOPSIS) that applies criteria values' transformation through a normalization of vectors and the linear transformation is considered. A computational experiment is presented, to compare the results of a multiple criteria analysis and the ranking accuracy in a particular situation.
Vector normalization, Linear normalization, Ranking accuracy, Confidence interval, Standard deviation, Construction manage-break ment, Multi-criteria optimisation, TOPSIS, Decision-making
Vector normalization, Linear normalization, Ranking accuracy, Confidence interval, Standard deviation, Construction manage-break ment, Multi-criteria optimisation, TOPSIS, Decision-making
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