How to perform Sensitivity Analysis for MCDM methods

What is Sensitivity analysis ?

• Sensitivity analysis to examine the robustness and stability of the ranking with respect to weights of the criterion is performed
•  The analysis deals with improving the outcome of any specific model, qualitatively and quantitatively, provides the sensitivity involves in decision making due to uncertain input values
• Multi-criteria decision making is a tool for reducing the subjectivity in decision-making by creating a series of filter selection and helping to make choices among the complex alternatives.
• So different MCDM  methods have different mathematical procedures, which makes the same problem yield different solutions. 
• The selection of alternatives depends on the MCDM method the researchers apply.
• However the quality of the decision method called Sensitivity analysis, there is no proper consensus.

 Video for understanding the Sensitivity analysis with a case study

Download the Excel file demonstrated in the Video