Closed-form solutions of consistency ratio in best worst method minmax optimization model: max of edge error matrix and minmax edge error determinant methods
摘要
The Best Worst Method (BWM), a reduced version of the AHP, is a recent multi-criteria decision-making tool based on pairwise comparisons with reference to the best and worst criteria. Consistency Ratio (CR) measurement for the rating quality and prioritizations is still a controversial topic. Firstly, the computation for the current CR of BWM must rely on a software optimization solver to find the optimal values, and the solver may not always guarantee the exact optimal solutions, especially if the computational cost settings are not large enough for higher number of criteria. Secondly, much effort to evaluate optimization algorithms is needed to find the best solutions with the least computational resources due to diverse solvers possibly leading to different results with different performances. Thirdly, optimization programming code is not trivial to be implemented for general BWM users. To address these issues, this paper presents the closed-form solutions, Max of Edge Error Matrix (MEEM) (Eq. (