How do you compare and combine different types of criteria in multi-criteria decision making?
Multi-criteria decision making (MCDM) is a process of evaluating and ranking alternatives based on multiple criteria that may have different units, scales, and preferences. MCDM can help you make better and more transparent decisions in complex and uncertain situations, such as choosing a project, a supplier, a location, or a policy. However, comparing and combining different types of criteria in MCDM can be challenging and require some steps and methods. In this article, we will explain how you can do that effectively and efficiently.