A Modified CRITIC Method to Estimate the Objective Weights of Decision Criteria
In this study, we developed a modified version of the CRiteria Importance Through Intercriteria Correlation (CRITIC) method, namely the Distance Correlation-based CRITIC (D-CRITIC) method. The usage of the method was illustrated by evaluating the weights of five smartphone criteria. The same evaluat...
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| Format: | Article |
| Language: | English English |
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Multidisciplinary Digital Publishing Institute (MDPI)
2021
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| Online Access: | https://eprints.ums.edu.my/id/eprint/33587/2/A%20Modified%20CRITIC%20Method%20to%20Estimate%20the%20Objective%20Weights%20of%20Decision%20Criteria.pdf https://eprints.ums.edu.my/id/eprint/33587/3/A%20Modified%20CRITIC%20Method%20to%20Estimate%20the%20Objective%20Weights%20of%20Decision%20Criteria%20_ABSTRACT.pdf |
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| author | Anath Rau Krishnan Maznah Mat Kasim Mohamad Rizal Abdul Hamid Mohd Fahmi Ghazali |
| author_facet | Anath Rau Krishnan Maznah Mat Kasim Mohamad Rizal Abdul Hamid Mohd Fahmi Ghazali |
| author_sort | Anath Rau Krishnan |
| collection | UMS |
| description | In this study, we developed a modified version of the CRiteria Importance Through Intercriteria Correlation (CRITIC) method, namely the Distance Correlation-based CRITIC (D-CRITIC) method. The usage of the method was illustrated by evaluating the weights of five smartphone criteria. The same evaluation was repeated using four other objective weighting methods, including the original CRITIC method. The results from all the methods were further analyzed based on three different tests (i.e., the distance correlation test, the Spearman rank-order correlation test, and the symmetric mean absolute percentage error test) to validate D-CRITIC. The tests revealed that D-CRITIC could produce more valid criteria weights and ranks than the original CRITIC method since D-CRITIC yielded a higher average distance correlation, a higher average Spearman rank-order correlation, and a lower symmetric mean absolute percentage error. Besides, additional sensitivity analysis indicated that D-CRITIC has the tendency to deliver more stable criteria weights and ranks with a larger decision matrix. The research has contributed an alternative objective weighting method to the area of multi-criteria decision-making through a unique extension of distance correlation. This study is also the first to propose the idea of a distance correlation test to compare the performance of different criteria weighting methods. |
| first_indexed | 2024-03-06T03:18:40Z |
| format | Article |
| id | ums.eprints-33587 |
| institution | Universiti Malaysia Sabah |
| language | English English |
| last_indexed | 2024-03-06T03:18:40Z |
| publishDate | 2021 |
| publisher | Multidisciplinary Digital Publishing Institute (MDPI) |
| record_format | dspace |
| spelling | ums.eprints-335872022-08-02T00:25:25Z https://eprints.ums.edu.my/id/eprint/33587/ A Modified CRITIC Method to Estimate the Objective Weights of Decision Criteria Anath Rau Krishnan Maznah Mat Kasim Mohamad Rizal Abdul Hamid Mohd Fahmi Ghazali HD28-70 Management. Industrial management In this study, we developed a modified version of the CRiteria Importance Through Intercriteria Correlation (CRITIC) method, namely the Distance Correlation-based CRITIC (D-CRITIC) method. The usage of the method was illustrated by evaluating the weights of five smartphone criteria. The same evaluation was repeated using four other objective weighting methods, including the original CRITIC method. The results from all the methods were further analyzed based on three different tests (i.e., the distance correlation test, the Spearman rank-order correlation test, and the symmetric mean absolute percentage error test) to validate D-CRITIC. The tests revealed that D-CRITIC could produce more valid criteria weights and ranks than the original CRITIC method since D-CRITIC yielded a higher average distance correlation, a higher average Spearman rank-order correlation, and a lower symmetric mean absolute percentage error. Besides, additional sensitivity analysis indicated that D-CRITIC has the tendency to deliver more stable criteria weights and ranks with a larger decision matrix. The research has contributed an alternative objective weighting method to the area of multi-criteria decision-making through a unique extension of distance correlation. This study is also the first to propose the idea of a distance correlation test to compare the performance of different criteria weighting methods. Multidisciplinary Digital Publishing Institute (MDPI) 2021 Article PeerReviewed text en https://eprints.ums.edu.my/id/eprint/33587/2/A%20Modified%20CRITIC%20Method%20to%20Estimate%20the%20Objective%20Weights%20of%20Decision%20Criteria.pdf text en https://eprints.ums.edu.my/id/eprint/33587/3/A%20Modified%20CRITIC%20Method%20to%20Estimate%20the%20Objective%20Weights%20of%20Decision%20Criteria%20_ABSTRACT.pdf Anath Rau Krishnan and Maznah Mat Kasim and Mohamad Rizal Abdul Hamid and Mohd Fahmi Ghazali (2021) A Modified CRITIC Method to Estimate the Objective Weights of Decision Criteria. Symmetry, 16 (973). pp. 1-20. ISSN 2073-8994 https://www.mdpi.com/2073-8994/13/6/973/htm https://doi.org/10.3390/sym13060973 https://doi.org/10.3390/sym13060973 |
| spellingShingle | HD28-70 Management. Industrial management Anath Rau Krishnan Maznah Mat Kasim Mohamad Rizal Abdul Hamid Mohd Fahmi Ghazali A Modified CRITIC Method to Estimate the Objective Weights of Decision Criteria |
| title | A Modified CRITIC Method to Estimate the Objective Weights of Decision Criteria |
| title_full | A Modified CRITIC Method to Estimate the Objective Weights of Decision Criteria |
| title_fullStr | A Modified CRITIC Method to Estimate the Objective Weights of Decision Criteria |
| title_full_unstemmed | A Modified CRITIC Method to Estimate the Objective Weights of Decision Criteria |
| title_short | A Modified CRITIC Method to Estimate the Objective Weights of Decision Criteria |
| title_sort | modified critic method to estimate the objective weights of decision criteria |
| topic | HD28-70 Management. Industrial management |
| url | https://eprints.ums.edu.my/id/eprint/33587/2/A%20Modified%20CRITIC%20Method%20to%20Estimate%20the%20Objective%20Weights%20of%20Decision%20Criteria.pdf https://eprints.ums.edu.my/id/eprint/33587/3/A%20Modified%20CRITIC%20Method%20to%20Estimate%20the%20Objective%20Weights%20of%20Decision%20Criteria%20_ABSTRACT.pdf |
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