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Analysis of the Advantages and Disadvantages of Four Comprehensive Evaluation Methods

Mingyang Liu, Wenge Qin, Shuang Yang

2023Frontiers in Business Economics and Management15 citationsDOIOpen Access PDF

Abstract

This paper introduces the AHP, entropy value method, TOPSIS method and fuzzy comprehensive evaluation method in the comprehensive evaluation method, and analyzes the advantages and disadvantages of the four from the perspectives of subjectivity and objectivity, acceptance of decision makers, and difficulty of evaluation. The value method depends on the amount of initial data, the AHP research results are too subjective, the TOPSIS research conclusions do not fit the reality, and the results of the fuzzy comprehensive evaluation may have poor resolution. Finally, suggestions are put forward for the application scope of the four methods of single use and combined use. It is believed that the four evaluation methods can be combined in pairs or three, such as: entropy weight-TOPSIS, AHP-TOPSIS or entropy weight-AHP -Methods such as fuzzy comprehensive evaluation method avoid being affected by the limitations of a single evaluation method.

Topics & Concepts

TOPSISAnalytic hierarchy processComputer scienceEntropy (arrow of time)Fuzzy logicObjectivity (philosophy)Evaluation methodsData miningOperations researchArtificial intelligenceReliability engineeringMathematicsEngineeringEpistemologyPhysicsQuantum mechanicsPhilosophyEvaluation Methods in Various FieldsEnvironmental Quality and PollutionEvaluation and Optimization Models
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