Title :
The iterative method for determining the prior weight of experts based on entropy weight
Author :
Min-nal Jia ; Guang-xing Song
Author_Institution :
Sch. of Bus. Adm., Yunnan Univ. of Finance & Econ., Kunming
Abstract :
The weight of the decision-maker plays an important role in group decision-making, it directly affect the result of group decision-making. In this paper, an iterative method for determining the prior weight of experts based on entropy weight is put forward, and a theorem describing the existence of the solution and its proof are given. In the end, a flow chart of the algorithm of iterative process and Matlab procedure are provided. An example illustrating the feasibility of the algorithm is given.
Keywords :
decision making; decision support systems; iterative methods; mathematics computing; Matlab procedure; entropy weight; flow chart; group decision-making; iterative method; Decision making; Entropy; Finance; Flowcharts; Forward contracts; Iterative algorithms; Iterative methods; entropy weight; group decision-making; iterative method; prior weight;
Conference_Titel :
Control and Decision Conference, 2008. CCDC 2008. Chinese
Conference_Location :
Yantai, Shandong
Print_ISBN :
978-1-4244-1733-9
Electronic_ISBN :
978-1-4244-1734-6
DOI :
10.1109/CCDC.2008.4597740
