Synergies of Text Mining and Multiple Attribute Decision Making: A Criteria Selection and Weighting System in a Prospective MADM Outline

Abstract

In this study, a new way of criteria selection and a weighting system will be presented in a multi-disciplinary framework. Weighting criteria in Multi-Attribute Decision Making (MADM) has been developing as the most attractive section in the field. Although many ideas have been developed during the last decades, there is no such great diversity that can be mentioned in the literature. This study is looking from outside the box and is presenting something totally new by using big data and text mining in a Prospective MADM outline. PMADM is a hybrid interconnected concept between the Futures Studies and MADM fields. Text mining, which is known as a useful tool in Futures Studies, is applied to create a widespread pilot system for weighting and criteria selection in the PMADM outline. Latent Semantic Analysis (LSA), as an influential method inside the general concept of text mining, is applied to show how a data warehouse’s output, which in this case is Scopus, can reach the final criteria selection and weighting of the criteria.