Strategic Approach In Multi Criteria Decision Making

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Strategic Approach in Multi-Criteria Decision Making

Author : Nolberto Munier,Eloy Hontoria,Fernando Jiménez-Sáez
Publisher : Springer
Page : 276 pages
File Size : 43,5 Mb
Release : 2019-01-29
Category : Business & Economics
ISBN : 9783030027261

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Strategic Approach in Multi-Criteria Decision Making by Nolberto Munier,Eloy Hontoria,Fernando Jiménez-Sáez Pdf

This book examines multiple criteria decision making (MCDM) and presents the Sequential Interactive Modelling for Urban Systems (SIMUS) as a method to be used for strategic decision making. It emphasizes the necessity to take into account aspects related to real world scenarios and incorporating possible real life aspects for modelling. The book also highlights the use of sensitivity analysis and presents a method for using criteria marginal values instead of weights, which permits the drawing of curves that depicts the variations of the objective function due to variations of these marginal values. In this way it also gives quantitative values of the objective function allowing stakeholders to perform a comprehensive risk analysis for a solution when it is affected by exogenous variables. Strategic Approach in Multi-Criteria Decision Making: A Practical Guide for Complex Scenarios is divided into three parts. Part 1 is devoted to exploring the history and development of the discipline and the way it is currently used. It highlights drawbacks and problems that scholars have identified in different MCDM methods and techniques. Part 2 addresses best practices to assure quality MCDM process. Part 3 introduces the concept of Linear Programming and the proposed SIMUS method as techniques to deal with MCDM. It also includes case studies in order to help document and illustrate difficult concepts, especially related to demands from a scenario and also in their modelling. The decision making process can be a complex task, especially with multi-criteria problems. With large amounts of information, it can be an extremely difficult to make a rational decision, due to the number of intervening variables, their interrelationships, potential solutions that might exist, diverse objectives envisioned for a project, etc. The SIMUS method has been designed to offer a strategy to help organize, classify, and evaluate this information effectively.

Multiple Criteria Decision Analysis

Author : Valerie Belton,Theodor Stewart
Publisher : Springer Science & Business Media
Page : 381 pages
File Size : 51,5 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9781461514954

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Multiple Criteria Decision Analysis by Valerie Belton,Theodor Stewart Pdf

The field of multiple criteria decision analysis (MCDA), also termed multiple criteria decision aid, or multiple criteria decision making (MCDM), has developed rapidly over the past quarter century and in the process a number of divergent schools of thought have emerged. This can make it difficult for a new entrant into the field to develop a comprehensive appreciation of the range of tools and approaches which are available to assist decision makers in dealing with the ever-present difficulties of seeking compromise or consensus between conflicting inter ests and goals, i.e. the "multiple criteria". The diversity of philosophies and models makes it equally difficult for potential users of MCDA, i.e. management scientists and/or decision makers facing problems involving conflicting goals, to gain a clear understanding of which methodologies are appropriate to their particular context. Our intention in writing this book has been to provide a compre hensive yet widely accessible overview of the main streams of thought within MCDA. We aim to provide readers with sufficient awareness of the underlying philosophies and theories, understanding of the practi cal details of the methods, and insight into practice to enable them to implement any of the approaches in an informed manner. As the title of the book indicates, our emphasis is on developing an integrated view of MCDA, which we perceive to incorporate both integration of differ ent schools of thought within MCDA, and integration of MCDA with broader management theory, science and practice.

Multiple Criteria Decision Making

Author : M. Murat Köksalan,Jyrki Wallenius,Stanley Zionts
Publisher : World Scientific
Page : 210 pages
File Size : 43,9 Mb
Release : 2011
Category : Business & Economics
ISBN : 9789814335591

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Multiple Criteria Decision Making by M. Murat Köksalan,Jyrki Wallenius,Stanley Zionts Pdf

Ch. 1. The early history of MCDM -- ch. 2. MCDM developments in the 1970s -- ch. 3. MCDM developments in the 1980s -- ch. 4. MCDM developments in the 1990s and beyond -- ch. 5. MCDM conferences -- ch. 6. MCDM society traditions -- ch. 7. Awards and presidents -- ch. 8. Biographies of leading MCDM scholars -- ch. 9. Conclusion

Advanced Studies in Multi-Criteria Decision Making

Author : Sarah Ben Amor,Adiel Teixeira de Almeida,Joao Luis de Miranda,Emel Aktas
Publisher : CRC Press
Page : 256 pages
File Size : 46,9 Mb
Release : 2019-12-11
Category : Business & Economics
ISBN : 9781351722117

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Advanced Studies in Multi-Criteria Decision Making by Sarah Ben Amor,Adiel Teixeira de Almeida,Joao Luis de Miranda,Emel Aktas Pdf

With contributions from some of the top academics and scientists in the field, Advanced Studies in Multi-Criteria Decision Making presents an updated view of the landscape of Decision Sciences, current research topics, the interaction with other sciences and fields, as well as the prospects and challenges at an international level. Given that Decision Sciences are recognized today as indispensable for confronting the major societal challenges in science and technology, this book would be of interest to decision-makers, managers, and researchers from academia, and industrial/services companies that would like a fresh insight into MCDM. Features Integrates a wide range of scientific fields with a general reader approach, including applied researchers from the social, business, enterprise sciences Suitable for academics and professionals Presents a broad coverage of MCDM tools either in industry or in services companies and systems Provides a fresh overview on MCDM studies promoted by prestigious R&D institutions

Multiple Criteria Decision Making

Author : Milan Zeleny
Publisher : McGraw-Hill Companies
Page : 600 pages
File Size : 42,9 Mb
Release : 1982
Category : Decision-making
ISBN : UCAL:B4353601

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Multiple Criteria Decision Making by Milan Zeleny Pdf

Multiple Criteria Decision Analysis

Author : Valerie Belton,Theodor Stewart
Publisher : Springer Science & Business Media
Page : 396 pages
File Size : 42,5 Mb
Release : 2002
Category : Business & Economics
ISBN : 9780792375050

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Multiple Criteria Decision Analysis by Valerie Belton,Theodor Stewart Pdf

The field of multiple criteria decision analysis (MCDA) - also sometimes termed multiple criteria decision aid, or multiple criteria decision making (MCDM) - has developed rapidly over the past quarter century and in the process a number of divergent schools of thought have emerged. Multiple Criteria Decision Analysis: An Integrated Approach provides a comprehensive yet widely accessible overview of the main streams of thought within MCDA. Two principal aims are: To provide sufficient awareness of the underlying philosophies and theories, understanding of the practical detail of the methods, and insight into practice to enable researchers, students and industry practitioners to implement MCDA methods in an informed manner; To develop an integrated view of MCDA, incorporating both integration of different schools of thought within MCDA and integration of MCDA with broader management theory, science and practice, thereby informing the development of theory and practice across these areas. It is felt that this two-fold emphasis gives a book which will be of value to the following three groups: Practicing decision analysts or graduate students in MCDA for whom this book should serve as a state-of-the-art review, especially as regards techniques outside of their own specialization; Operational researchers or graduate students in OR/MS who wish to extend their knowledge into the tools of MCDA; Managers or management students who need to understand what MCDA can offer them.

Multiple Criteria Decision Making

Author : Anand J. Kulkarni
Publisher : Springer Nature
Page : 264 pages
File Size : 49,7 Mb
Release : 2022-02-14
Category : Technology & Engineering
ISBN : 9789811674143

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Multiple Criteria Decision Making by Anand J. Kulkarni Pdf

The book discusses state-of-the-art applications and methodologies of the Multiple Criteria Decision Making (MCDM) techniques and approaches. The book focuses on critical literature, underlying principles of methods and models, solution approaches, testing and validation, real-world applications, case studies, etc. The book helps evaluate strategic decision-making through advanced MCDM and integrated approaches of AI, big data, and IoT to provide realistic and robust solutions to the current problems. The book will be a guideline to the potential MCDM researchers about the choice of approaches for dealing with the complexities and modalities. The contributions of the book help readers to explore new avenues leading towards multidisciplinary research discussions. This book will be interesting for engineers, scientists, and students studying/working in the related areas.

Intelligent Strategies for Meta Multiple Criteria Decision Making

Author : Thomas Hanne
Publisher : Springer Science & Business Media
Page : 206 pages
File Size : 50,6 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9781461515951

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Intelligent Strategies for Meta Multiple Criteria Decision Making by Thomas Hanne Pdf

Multiple criteria decision-making research has developed rapidly and has become a main area of research for dealing with complex decision problems which require the consideration of multiple objectives or criteria. Over the past twenty years, numerous multiple criterion decision methods have been developed which are able to solve such problems. However, the selection of an appropriate method to solve a particular decision problem is today's problem for a decision support researcher and decision-maker. Intelligent Strategies for Meta Multiple Criteria Decision-Making deals centrally with the problem of the numerous MCDM methods that can be applied to a decision problem. The book refers to this as a `meta decision problem', and it is this problem that the book analyzes. The author provides two strategies to help the decision-makers select and design an appropriate approach to a complex decision problem. Either of these strategies can be designed into a decision support system itself. One strategy is to use machine learning to design an MCDM method. This is accomplished by applying intelligent techniques, namely neural networks as a structure for approximating functions and evolutionary algorithms as universal learning methods. The other strategy is based on solving the meta decision problem interactively by selecting or designing a method suitable to the specific problem, for example, the constructing of a method from building blocks. This strategy leads to a concept of MCDM networks. Examples of this approach for a decision support system explain the possibilities of applying the elaborated techniques and their mutual interplay. The techniques outlined in the book can be used by researchers, students, and industry practitioners to better model and select appropriate methods for solving complex, multi-objective decision problems.

Multi-Criteria Decision Modelling

Author : Rahul Sindhwani,Punj Lata Singh,Bhawna Kumar,Varinder Kumar Mittal,J. Paulo Davim
Publisher : CRC Press
Page : 222 pages
File Size : 44,8 Mb
Release : 2021-08-02
Category : Technology & Engineering
ISBN : 9781000420951

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Multi-Criteria Decision Modelling by Rahul Sindhwani,Punj Lata Singh,Bhawna Kumar,Varinder Kumar Mittal,J. Paulo Davim Pdf

This book examines Multi-Criteria Decision Modelling (MCDM) methodologies and facilitates diverse ways for strategic decision-making in a variety of practical applications. This book also provides a pragmatic foundation for solving real-life problems in different scenarios of emerging global markets. Multi-Criteria Decision Modelling: Applicational Techniques and Case Studies depicts the use of sensitivity analysis and modelling and includes case studies to understand and illustrate challenging concepts. It also offers step-by-step comprehensive methodologies for the utilization of MCDM to a variety of situations. The book deliberates ways for companies to use these methods to their advantage in order to achieve sustainability. Furthermore, it also presents an overview of the major streams of thought and provides a holistic view of the latest research and development trends in modelling and optimization. FEATURES Offers a stepwise comprehensive methodology for the application of MCDM to a variety of situations Presents an overview of the major streams of thought present in the MCDM technique Provides a holistic view of the latest research and development trends in the emerging markets in terms of modelling and optimization using MCDM for different industrial sectors Illuminates a practical foundation in order to provide a guide to address the problems of emerging markets Enlightens the ways for companies to use these methods to their advantage to be able to achieve sustainability This book is a guide for those performing decision analysis for academic purposes as well as for researchers aspiring to expand their knowledge on MCDM problem solving.

Multi-Criteria Decision Making

Author : Jitesh J. Thakkar
Publisher : Unknown
Page : 0 pages
File Size : 55,8 Mb
Release : 2021
Category : Electronic
ISBN : 9813347465

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Multi-Criteria Decision Making by Jitesh J. Thakkar Pdf

The book covers the domain of multi-criteria decision making, a topic which has gained significant attention of researchers and practitioners spanning a variety of disciplines for enhancing their decision making in real life situation. The topics in this volume help readers understand the techniques in the model building and analysis stage. The chapters cover a variety of techniques and their applications for interesting problems. This book will be of interest to readers in diverse disciplines such as engineering, business, management, humanities, psychology and law. .

Multiple Criteria Decision Making in the New Millennium

Author : Murat Köksalan,Stanley Zionts
Publisher : Springer Science & Business Media
Page : 478 pages
File Size : 49,6 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642566806

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Multiple Criteria Decision Making in the New Millennium by Murat Köksalan,Stanley Zionts Pdf

This volume contains a collection of papers presented at the 15th International Conference on Multiple Criteria Decision Making held in Ankara, Turkey July 10 14, 2000. This was one of the regular conferences of the International Society on Multiple Criteria Decision Making, which are held at approximately two-year intervals. The Ankara conference had 195 participants from 38 countries. A total of 185 papers were presented at the conference. The title of our volume is MCDM in the New Millennium. The papers presented at the conference reflect the theme. We had several papers on information technology (IT) and many application papers. Of the 81 application papers presented, 14 appear in the volume. We expect more IT applications of MCDM to appear in the future, in particular in the areas of e-commerce and the internet. The conference surroundings and accomodations were excellent, and conducive to both an outstanding academic exchange, and enjoyment and a cultural broadening of participants. We had a pleasant and enjoyable outing and visit to the Anatolian Civilizations Museum. We also had an outstanding banquet at which awards were presented. The MCDM Gold Medal was presented to Professor Thomas Saaty, of the University of Pittsburgh. The MCDM Presidential Service Award was presented to ProfessorPekka Korhonen of the Helsinki School of Economics for his years of presidential service to the society. The society presented the MCDM Edgeworth-Pareto Award to Professor Alexander V. Lotov of the Russian Academy of Sciences.

Multi-Criteria Decision-Making Methods in Manufacturing Environments

Author : Shankar Chakraborty,Prasenjit Chatterjee,Partha Protim Das
Publisher : CRC Press
Page : 450 pages
File Size : 55,6 Mb
Release : 2023-10-13
Category : Technology & Engineering
ISBN : 9781000851366

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Multi-Criteria Decision-Making Methods in Manufacturing Environments by Shankar Chakraborty,Prasenjit Chatterjee,Partha Protim Das Pdf

This book introduces the step-by-step processes involved in using MCDM methods, starting from problem formulation, model development, and criteria weighting to the final ranking of the alternatives. The authors explain the different MCDM methods that can be used in specific manufacturing environments. The book explains the conceptual frameworks of how these methods are applied with special focus on their applicability and usefulness. The authors begin with an introduction to multi-criteria decision-making, followed by explanations of 29 MCDM methods and their applications. The final sections of the book describe helpful normalization techniques and criteria weight measurement techniques. The collection of diverse range of manufacturing applications and case studies presented here will aid readers in applying cutting-edge MCDM methods to their own manufacturing projects. As both a research and teaching tool, this book encourages critical and logical thinking when applying MCDM methods for solving complex manufacturing decision-making problems.

Multi-Criteria Decision Making Methods

Author : Evangelos Triantaphyllou
Publisher : Unknown
Page : 320 pages
File Size : 49,6 Mb
Release : 2014-01-15
Category : Electronic
ISBN : 1475731582

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Multi-Criteria Decision Making Methods by Evangelos Triantaphyllou Pdf

Fuzzy Multi-Criteria Decision Making

Author : Cengiz Kahraman
Publisher : Springer Science & Business Media
Page : 591 pages
File Size : 51,7 Mb
Release : 2008-08-09
Category : Computers
ISBN : 9780387768137

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Fuzzy Multi-Criteria Decision Making by Cengiz Kahraman Pdf

This work examines all the fuzzy multicriteria methods recently developed, such as fuzzy AHP, fuzzy TOPSIS, interactive fuzzy multiobjective stochastic linear programming, fuzzy multiobjective dynamic programming, grey fuzzy multiobjective optimization, fuzzy multiobjective geometric programming, and more. Each of the 22 chapters includes practical applications along with new developments/results. This book may be used as a textbook in graduate operations research, industrial engineering, and economics courses. It will also be an excellent resource, providing new suggestions and directions for further research, for computer programmers, mathematicians, and scientists in a variety of disciplines where multicriteria decision making is needed.