Risk and Decision-making

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Match the MCDM-methods

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Match the text

Weighted Sum Model (WSM)

Weighted Product Model (WPM)

TOPSIS

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

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


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