Assoc. Prof., Department of International Business and Trade, Faculty of Economocis and Administrative Sciences Karamanoğlu Mehmetbey University, Karaman, Turkiye, osmanpala@kmu.edu.tr
Entropy is an important criteria weighting measure used in decision making. There are different forms of entropy that are used to measure the inter criterion contrast intensity. In this study, we defined various entropy and diversity measures as criteria weighting approach in MCDM. We compared the approaches in terms of the rank reversal phenomenon by conducting a simulation study according to the framework we established. In addition, we compared these weighting approaches in terms of their dispersion characterization in an illustrative case. The Gini-Simpson index is the foremost index among these approaches, which is more persistent to rank reversal, less sensitive to distribution of domain and outputs more acceptable weightings.
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