Comparative Analysis of the Simple WISP and Some Prominent MCDM Methods: A Python Approach

Stanujkic D., Karabasevic D., Popovic G., Zavadskas E. K., Saracevic M., Stanimirovic P. S., ...More

AXIOMS, vol.10, no.4, 2021 (SCI-Expanded) identifier

  • Publication Type: Article / Article
  • Volume: 10 Issue: 4
  • Publication Date: 2021
  • Doi Number: 10.3390/axioms10040347
  • Journal Name: AXIOMS
  • Journal Indexes: Science Citation Index Expanded (SCI-EXPANDED), Scopus
  • Keywords: WISP, MCDM, WASPAS, ARAS, SAW, TOPSIS, CoCoSo, COSINE SIMILARITY MEASURES, SETS
  • Inonu University Affiliated: No

Abstract

This article presents a comparison of the results obtained using the newly proposed Simple Weighted Sum Product method and some prominent multiple criteria decision-making methods. For comparison, several analyses were performed using the Python programming language and its NumPy library. The comparison was also made on a real decision-making problem taken from the literature. The obtained results confirm the high correlation of the results obtained using the Simple Weighted Sum Product method and selected multiple criteria decision-making methods such as TOPSIS, SAW, ARAS, WASPAS, and CoCoSo, which confirms the usability of the Simple Weighted Sum Product method for solving multiple criteria decision-making problems.