CV-VIKOR: A New Approach for Allocating Weights in Multi-Criteria Decision Making Problems

Multi-Criteria analysis, often called Multi-Criteria Decision-Making (MCDM) or Multi-Criteria Decision Aid methods (MCDA), is a branch of a general class of Operations Research (OR) models which deal with the process of making decisions in the presence of multiple objectives. These methods, which can handle both quantitative and qualitative criteria, share the common characteristics of conflict among criteria, incommensurable units, and difficulties in design/selection of alternatives. The technique used in this paper named Vlse Kriterijumska Optimizacija I KOmpromisno Resenje in Serbian (VIKOR) is combined to the Coefficient of Variation (CV) to constitute a new approach called CV-VIKOR. The Coefficient of Variation (CV) is employed to allocate weights when no preference existed among the criteria considered. Also, a given numerical example is solved to illustrate the proposed method. [Mohamed F. El-Santawy and A. N. Ahmed. CV-VIKOR: A New Approach for Allocating Weights in Multi-Criteria Decision Making Problems. Life Sci J 2012;9(4):5875-5877] (ISSN:1097-8135). http://www.lifesciencesite.com. 877