what is the better way to calculate unique value based on weighted variables?
I have to create a priority queue for elements which have multiples variables with an associated weight, what is the better way calculate a unique value in order to get the order of each element in the queue? using a weighted average or using some mathematical modeling? please advice.
Are you sure you want to turn the weighted variables into a unique value? Mathematically speaking this gets quite tricky (imagine 2 elements with exactly the same parameters - which one gets a higher value?).
If the value need not be unique, you can use stuff like weighted average, weighted sum, or utility functions. If you want to determine the appropriate weights for the different variables you can look into stuff like the Analytical Network Process (ANP) link
Asked in February 2016Viewed 3,056 timesVoted 6Answered 1 times