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Insurance Providers (Options) Premium Cost ($) Claim Settlement Ratio (%) Coverage Amount ($) Customer Service Rating (1-10) Exclusions and Limits (No. of Exclusions) Policy Flexibility (1-10) Renewal Process (1-10) Provider A 500 85 200,000 8 5 7 9 Provider B 600 90...

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TOPSIS (Technique for Order of Preference by Similarity to Ideal Solution) is a multi-criteria decision analysis method that helps in ranking alternatives based on their distance to the ideal solution. Below are the steps of the TOPSIS method, along with the required...

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The **Analytic Hierarchy Process (AHP)** is a structured decision-making approach that involves comparing options in a hierarchical manner to arrive at a decision. The steps of AHP are as follows: ### Step 1: Define the Problem and the Goal Start by defining the...

AHP

The **Analytic Hierarchy Process (AHP)** is a structured decision-making approach that involves comparing options in a hierarchical manner to arrive at a decision. The steps of AHP are as follows: ### Step 1: Define the Problem and the Goal Start by defining the...