Risk and Decision-making

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Match the MCDM-methods

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Weighted Sum Model (WSM)

Weighted Product Model (WPM)

TOPSIS

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Sum the row after the weight has been multiplied

Take two alternatives, compare them by dividing each place lifted in their weight and sum, if it's greater than 1 the alternative in the top is better

5 steps: Normalize matrix, times the weight, find ideal solution, find distance to the ideal solution, rank the orders


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