Title: Shannon entropy weighting technique as a practical weighting decision-making tool in project management
Authors: Alireza Moarefi; Rateb J. Sweis; Seyyed-Mahmoud Hoseini-Amiri; Wassim A. AlBalkhy
Addresses: Planning and Control Dep., A.G.A Co., Arvand Free Zone, Iran ' Department of Business Administration, The University of Jordan, 11942, Amman, Jordan ' Department of Management, Economics and Accounting, University of Payam e Nour, P.O. Box 19395-3697, Tehran, Iran ' The University of Jordan, 11942, Amman, Jordan
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.
Keywords: Shannon entropy weighting technique; S.E.W.T; multi attribute decision making; project management.
International Journal of Management Concepts and Philosophy, 2018 Vol.11 No.4, pp.377 - 392
Available online: 05 Nov 2018 *Full-text access for editors Access for subscribers Purchase this article Comment on this article