Shannon entropy weighting technique as a practical weighting decision-making tool in project management Online publication date: Fri, 09-Nov-2018
by Alireza Moarefi; Rateb J. Sweis; Seyyed-Mahmoud Hoseini-Amiri; Wassim A. AlBalkhy
International Journal of Management Concepts and Philosophy (IJMCP), Vol. 11, No. 4, 2018
Abstract: The decision-making process in projects needs various qualitative and quantitative techniques to make reliable decisions. This study proposes a technique based on multi attributes decision making (MADM) and Shannon entropy weighting technique (S.E.W.T) to prioritise the elements of the iron triangle; cost, time, and quality, in three different sectors: construction, steel, and transportation. Even though the presence of S.E.W.T was insignificant in project management during the last decade, this study tries to refresh this technique as a critical decision tool in projects. This technique could benefit task managers and others making everyday decisions during project execution and design. This is not a comparative study between S.E.W.T and other MADMs, but a study in which the use of S.E.W.T as a weighting decision-making tool for project analysts is expanded, as it need fast and reliable decision-making tools.
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