Introduction to MCDM technique - COCOSO (Combined Compromise Solution)

[Neeraj Kaushik]

Dear Friends

Continuing our discussion on MCDM techniques, let's discuss another MCDM technique COCOSO. 

COCOSO (Combined Compromise Solution) is a valuable addition to the multi-criteria decision-making toolkit. It offers a robust approach for solving complex decision problems by combining the weighted sum model and the weighted product model, leveraging the strengths of both. This integration allows for a more comprehensive evaluation of alternatives against various criteria, leading to more reliable and balanced decisions. The technique systematically handles both quantitative and qualitative criteria, making it highly versatile across different domains such as engineering, business, and environmental management.

I've created a video demonstrating the step-by-step application of the COCOSO method, using clear examples to explain its methodology. The video also shows how to effectively rank alternatives by calculating the compromise solution, ensuring that all relevant factors are considered in the decision-making process. 

Combined Compromise Solution (COCOSO) using Excel and R: https://youtu.be/oZ6I2i44_Pc

Happy learning

Neeraj