Multicriteria Methodology For Decision Aiding

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Multicriteria Methodology for Decision Aiding

Author : B. Roy
Publisher : Springer Science & Business Media
ISBN 13 : 1475725000
Total Pages : 303 pages
Book Rating : 4.4/5 (757 download)

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Book Synopsis Multicriteria Methodology for Decision Aiding by : B. Roy

Download or read book Multicriteria Methodology for Decision Aiding written by B. Roy and published by Springer Science & Business Media. This book was released on 2013-11-11 with total page 303 pages. Available in PDF, EPUB and Kindle. Book excerpt: axiomatic results should be at the heart of such a science. Through them, we should be able to enlighten and scientifically assist decision-making processes especially by: - making that wh ich is objective stand out more c1early from that which is less objective; - separating robust from fragile conc1usions; - dissipating certain forms of misunderstanding in communication; - avoiding the pitfall of illusory reasoning; - emphasizing, once they are understood, incontrovertible results. The difficulties I encountered at the begining of my career as an operations researcher, and later as a consultant, made me realize that there were some limitations on objectivity in decision-aiding. In my opinion, five major aspects must be taken into consideration: 1) The borderline (or frontier) between what is and what is not feasible is often fuzzy. Moreover, this borderline is frequently modified in light of what is found from the study itself. 2) In many real-world problems, the "decision maker D" does not really exist as a person truly able to make adecision. Usually, several people (actors or stakeholders) take part in the decision process, and it is important not to confuse the one who ratifies adecision with the so-called decision maker in the decision ai ding process. This decision maker is in fact the person or the set of persons for whom or in the name of whom decision aiding effort is provided.

Multiple Criteria Decision Aid

Author : Jason Papathanasiou
Publisher : Springer
ISBN 13 : 3319916483
Total Pages : 182 pages
Book Rating : 4.3/5 (199 download)

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Book Synopsis Multiple Criteria Decision Aid by : Jason Papathanasiou

Download or read book Multiple Criteria Decision Aid written by Jason Papathanasiou and published by Springer. This book was released on 2018-09-19 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: Multiple criteria decision aid (MCDA) methods are illustrated in this book through theoretical and computational techniques utilizing Python. Existing methods are presented in detail with a step by step learning approach. Theoretical background is given for TOPSIS, VIKOR, PROMETHEE, SIR, AHP, goal programming, and their variations. Comprehensive numerical examples are also discussed for each method in conjunction with easy to follow Python code. Extensions to multiple criteria decision making algorithms such as fuzzy number theory and group decision making are introduced and implemented through Python as well. Readers will learn how to implement and use each method based on the problem, the available data, the stakeholders involved, and the various requirements needed. Focusing on the practical aspects of the multiple criteria decision making methodologies, this book is designed for researchers, practitioners and advanced graduate students in the applied mathematics, information systems, operations research and business administration disciplines, as well as other engineers and scientists oriented in interdisciplinary research. Readers will greatly benefit from this book by learning and applying various MCDM/A methods. (Adiel Teixeira de Almeida, CDSID-Center for Decision System and Information Development, Universidade Federal de Pernambuco, Recife, Brazil) Promoting the development and application of multicriteria decision aid is essential to ensure more ethical and sustainable decisions. This book is a great contribution to this objective. It is a perfect blend of theory and practice, providing potential users and researchers with the theoretical bases of some of the best-known methods as well as with the computing tools needed to practice, to compare and to put these methods to use. (Jean-Pierre Brans, Vrije Universiteit Brussel, Brussels, Belgium) This book is intended for researchers, practitioners and students alike in decision support who wish to familiarize themselves quickly and efficiently with multicriteria decision aiding algorithms. The proposed approach is original, as it presents a selection of methods from the theory to the practical implementation in Python, including a detailed example. This will certainly facilitate the learning of these techniques, and contribute to their effective dissemination in applications. (Patrick Meyer, IMT Atlantique, Lab-STICC, Univ. Bretagne Loire, Brest, France)

Multi-criteria Decision Making Methods

Author : Evangelos Triantaphyllou
Publisher : Springer Science & Business Media
ISBN 13 : 1475731574
Total Pages : 307 pages
Book Rating : 4.4/5 (757 download)

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Book Synopsis Multi-criteria Decision Making Methods by : Evangelos Triantaphyllou

Download or read book Multi-criteria Decision Making Methods written by Evangelos Triantaphyllou and published by Springer Science & Business Media. This book was released on 2013-03-09 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: Multi-Criteria Decision Making (MCDM) has been one of the fastest growing problem areas in many disciplines. The central problem is how to evaluate a set of alternatives in terms of a number of criteria. Although this problem is very relevant in practice, there are few methods available and their quality is hard to determine. Thus, the question `Which is the best method for a given problem?' has become one of the most important and challenging ones. This is exactly what this book has as its focus and why it is important. The author extensively compares, both theoretically and empirically, real-life MCDM issues and makes the reader aware of quite a number of surprising `abnormalities' with some of these methods. What makes this book so valuable and different is that even though the analyses are rigorous, the results can be understood even by the non-specialist. Audience: Researchers, practitioners, and students; it can be used as a textbook for senior undergraduate or graduate courses in business and engineering.

Multi-criteria Decision Analysis

Author : Alessio Ishizaka
Publisher : John Wiley & Sons
ISBN 13 : 1118644913
Total Pages : 260 pages
Book Rating : 4.1/5 (186 download)

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Book Synopsis Multi-criteria Decision Analysis by : Alessio Ishizaka

Download or read book Multi-criteria Decision Analysis written by Alessio Ishizaka and published by John Wiley & Sons. This book was released on 2013-06-10 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents an introduction to MCDA followed by more detailed chapters about each of the leading methods used in this field. Comparison of methods and software is also featured to enable readers to choose the most appropriate method needed in their research. Worked examples as well as the software featured in the book are available on an accompanying website.

Fuzzy Multicriteria Decision-Making

Author : Witold Pedrycz
Publisher : John Wiley & Sons
ISBN 13 : 1119957389
Total Pages : 328 pages
Book Rating : 4.1/5 (199 download)

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Book Synopsis Fuzzy Multicriteria Decision-Making by : Witold Pedrycz

Download or read book Fuzzy Multicriteria Decision-Making written by Witold Pedrycz and published by John Wiley & Sons. This book was released on 2011-06-15 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fuzzy Multicriteria Decision-Making: Models, Algorithms and Applications addresses theoretical and practical gaps in considering uncertainty and multicriteria factors encountered in the design, planning, and control of complex systems. Including all prerequisite knowledge and augmenting some parts with a step-by-step explanation of more advanced concepts, the authors provide a systematic and comprehensive presentation of the concepts, design methodology, and detailed algorithms. These are supported by many numeric illustrations and a number of application scenarios to motivate the reader and make some abstract concepts more tangible. Fuzzy Multicriteria Decision-Making: Models, Algorithms and Applications will appeal to a wide audience of researchers and practitioners in disciplines where decision-making is paramount, including various branches of engineering, operations research, economics and management; it will also be of interest to graduate students and senior undergraduate students in courses such as decision making, management, risk management, operations research, numerical methods, and knowledge-based systems.

Multiple Criteria Decision Analysis

Author : Valerie Belton
Publisher : Springer Science & Business Media
ISBN 13 : 1461514959
Total Pages : 381 pages
Book Rating : 4.4/5 (615 download)

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Book Synopsis Multiple Criteria Decision Analysis by : Valerie Belton

Download or read book Multiple Criteria Decision Analysis written by Valerie Belton and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 381 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 Kksalan
Publisher : World Scientific
ISBN 13 : 9814335584
Total Pages : 210 pages
Book Rating : 4.8/5 (143 download)

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Book Synopsis Multiple Criteria Decision Making by : M. Murat Kksalan

Download or read book Multiple Criteria Decision Making written by M. Murat Kksalan and published by World Scientific. This book was released on 2011 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: Multiple Criteria Decision Making (MCDM) is all about making choices in the presence of multiple conflicting criteria. MCDM has become one of the most important and fastest growing subfields of Operations Research/Management Science. As modern MCDM started to emerge about 50 years ago, it is now a good time to take stock of developments. This book aims to present an informal, nontechnical history of MCDM, supplemented with many pictures. It covers the major developments in MCDM, from early history until now. It also covers fascinating discoveries by Nobel Laureates and other prominent scholars.The book begins with the early history of MCDM, which covers the roots of MCDM through the 1960s. It proceeds to give a decade-by-decade account of major developments in the field starting from the 1970s until now. Written in a simple and accessible manner, this book will be of interest to students, academics, and professionals in the field of decision sciences.

Multicriteria Decision Aid Methods for the Prediction of Business Failure

Author : Constantin Zopounidis
Publisher : Springer Science & Business Media
ISBN 13 : 0792349008
Total Pages : 202 pages
Book Rating : 4.7/5 (923 download)

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Book Synopsis Multicriteria Decision Aid Methods for the Prediction of Business Failure by : Constantin Zopounidis

Download or read book Multicriteria Decision Aid Methods for the Prediction of Business Failure written by Constantin Zopounidis and published by Springer Science & Business Media. This book was released on 1998-01-31 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a new point of view on the subject of business failure prediction, through the application of multicriteria analysis methods. The aim of the book is to provide a review of the research in the area and to explore the adequacy of these methods to one of the most complex problems in the area of financial management. In addition, the book explores the applications of the methods so that it can become a very useful tool for researchers and practitioners. The analysis of the modeling and the results in these applications provides the background for further employment of the methods.

Fuzzy Multi-Criteria Decision Making

Author : Cengiz Kahraman
Publisher : Springer Science & Business Media
ISBN 13 : 0387768130
Total Pages : 591 pages
Book Rating : 4.3/5 (877 download)

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Book Synopsis Fuzzy Multi-Criteria Decision Making by : Cengiz Kahraman

Download or read book Fuzzy Multi-Criteria Decision Making written by Cengiz Kahraman and published by Springer Science & Business Media. This book was released on 2008-08-09 with total page 591 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Multiple Criteria Decision Making

Author : Constantin Zopounidis
Publisher : Springer
ISBN 13 : 3319392921
Total Pages : 218 pages
Book Rating : 4.3/5 (193 download)

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Book Synopsis Multiple Criteria Decision Making by : Constantin Zopounidis

Download or read book Multiple Criteria Decision Making written by Constantin Zopounidis and published by Springer. This book was released on 2016-09-08 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a broad range of innovative applications and case studies in all areas of management and engineering, including public administration, finance, marketing, engineering, transportation, and energy systems. It addresses issues related to problem structuring, preference modeling, and model construction, presenting a framework that provides clear decision-making support in practice. In addition, it includes hybrid and integrated techniques combining multiple criteria decision making (MCDM) with other analytical methods. The book reflects the growing impact of MCDM in the field of management science and operations research. Building on recent and established theoretical advances and presenting their applications in specific domains, it offers a comprehensive resource for researchers, graduate students and professionals alike.

Multi-Criteria Decision Making for the Management of Complex Systems

Author : Voronin, Albert
Publisher : IGI Global
ISBN 13 : 1522525106
Total Pages : 213 pages
Book Rating : 4.5/5 (225 download)

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Book Synopsis Multi-Criteria Decision Making for the Management of Complex Systems by : Voronin, Albert

Download or read book Multi-Criteria Decision Making for the Management of Complex Systems written by Voronin, Albert and published by IGI Global. This book was released on 2017-03-20 with total page 213 pages. Available in PDF, EPUB and Kindle. Book excerpt: While there are many different models for performing system analysis, the multi-criteria decision making method has proven to be one of the most efficient. By analyzing the key concepts of this theory, the technique can be enhanced and will benefit future organizations and companies in novel ways. Multi-Criteria Decision Making for the Management of Complex Systems provides a comprehensive examination of the latest strategies and methods involved in decision theory. Featuring extensive coverage on relevant topics such as nested scalar convolutions, Pareto optimality, nonlinear schemes, and operator performance, this publication is ideally designed for engineers, students, professionals, academics, and researchers seeking innovative perspectives on the supervision of advanced decision making theories in system analysis.

Multicriteria Decision Making

Author : Tomas Gal
Publisher : Springer Science & Business Media
ISBN 13 : 1461550254
Total Pages : 549 pages
Book Rating : 4.4/5 (615 download)

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Book Synopsis Multicriteria Decision Making by : Tomas Gal

Download or read book Multicriteria Decision Making written by Tomas Gal and published by Springer Science & Business Media. This book was released on 2013-03-09 with total page 549 pages. Available in PDF, EPUB and Kindle. Book excerpt: At a practical level, mathematical programming under multiple objectives has emerged as a powerful tool to assist in the process of searching for decisions which best satisfy a multitude of conflicting objectives, and there are a number of distinct methodologies for multicriteria decision-making problems that exist. These methodologies can be categorized in a variety of ways, such as form of model (e.g. linear, non-linear, stochastic), characteristics of the decision space (e.g. finite or infinite), or solution process (e.g. prior specification of preferences or interactive). Scientists from a variety of disciplines (mathematics, economics and psychology) have contributed to the development of the field of Multicriteria Decision Making (MCDM) (or Multicriteria Decision Analysis (MCDA), Multiattribute Decision Making (MADM), Multiobjective Decision Making (MODM), etc.) over the past 30 years, helping to establish MCDM as an important part of management science. MCDM has become a central component of studies in management science, economics and industrial engineering in many universities worldwide. Multicriteria Decision Making: Advances in MCDM Models, Algorithms, Theory and Applications aims to bring together `state-of-the-art' reviews and the most recent advances by leading experts on the fundamental theories, methodologies and applications of MCDM. This is aimed at graduate students and researchers in mathematics, economics, management and engineering, as well as at practicing management scientists who wish to better understand the principles of this new and fast developing field.

Group Decision Making under Multiple Criteria

Author : Ching-Lai Hwang
Publisher : Springer Science & Business Media
ISBN 13 : 3642615805
Total Pages : 416 pages
Book Rating : 4.6/5 (426 download)

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Book Synopsis Group Decision Making under Multiple Criteria by : Ching-Lai Hwang

Download or read book Group Decision Making under Multiple Criteria written by Ching-Lai Hwang and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: This monograph is intended for an advanced undergraduate or graduate course of engineering and management science. as well as for persons in business. industry. military or in any field. who want an introductory and a capsule look into the methods of group decision making under multiple criteria. This is a sequel to our previous works entitled "Multiple Objective Decision Making--Methods and Applications (No. 164 of the Lecture Notes). and "Multiple Attribute Decision Making--Methods and Applications (No. 186 of the Lecture Notes). Moving from a single decision maker (the consideration of Lecture Notes 164 and 186) to a multiple decision maker setting introduces a great deal of complexity into the analysis. The problem is no longer the selection of the most preferred alternative among the nondominated solutions according to one individual's (single decision maker's) preference structure. The analysis is extended to account for the conflicts among different interest groups who have different objectives. goals. and so forth. Group decision making under multiple criteria includes such diverse and interconnected fields as preference analysis. utility theory. social choice theory. committee decision theory. theory of voting. game theory. expert evaluation analysis. aggregation of qualitative factors. economic equilibrium theory. etc; these are simplified and systematically classified for beginners. This work is to provide readers with a capsule look into the existing methods. their characteristics. and applicability in the complexity of group decision making.

Handbook of Group Decision and Negotiation

Author : D. Marc Kilgour
Publisher : Springer Science & Business Media
ISBN 13 : 9048190975
Total Pages : 473 pages
Book Rating : 4.0/5 (481 download)

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Book Synopsis Handbook of Group Decision and Negotiation by : D. Marc Kilgour

Download or read book Handbook of Group Decision and Negotiation written by D. Marc Kilgour and published by Springer Science & Business Media. This book was released on 2010-08-02 with total page 473 pages. Available in PDF, EPUB and Kindle. Book excerpt: Publication of the Handbook of Group Decision and Negotiation marks a milestone in the evolution of the group decision and negotiation (GDN) eld. On this occasion, editors Colin Eden and Marc Kilgour asked me to write a brief history of the eld to provide background and context for the volume. They said that I am in a good position to do so: Actively involved in creating the GDN Section and serving as its chair; founding and leading the GDN journal, Group Decision and Negotiation as editor-in-chief, and the book series, “Advances in Group Decision and Negotiation” as editor; and serving as general chair of the GDN annual meetings. I accepted their invitation to write a brief history. In 1989 what is now the Institute for Operations Research and the Management Sciences (INFORMS) established its Section on Group Decision and Negotiation. The journal Group Decision and Negotiation was founded in 1992, published by Springer in cooperation with INFORMS and the GDN Section. In 2003, as an ext- sion of the journal, the Springer book series, “Advances in Group Decision and Negotiation” was inaugurated.

A Strategy for Using Multicriteria Analysis in Decision-Making

Author : Nolberto Munier
Publisher : Springer
ISBN 13 : 9789401784429
Total Pages : 0 pages
Book Rating : 4.7/5 (844 download)

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Book Synopsis A Strategy for Using Multicriteria Analysis in Decision-Making by : Nolberto Munier

Download or read book A Strategy for Using Multicriteria Analysis in Decision-Making written by Nolberto Munier and published by Springer. This book was released on 2014-11-25 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book develops a whole strategy for decision-making, with the full participation of the decision-maker and utilizing continuous feedback. It introduces the use of the very well-known and proven methodology, linear programming, but specially adapted for this purpose. For this, it incorporates a method to include subjective concepts, as well as the possibility of working with many different and even contradictory objectives. The book is liberally populated with diverse case studies to illustrate the concepts. This practical guide will be of interest to anyone undertaking analysis and decision-making, on both simple and complex projects, and who is looking for a strategy to organize, classify, and evaluate the large amount of information required to make an informed decision. The strategy includes methods to analyze the results and extract conclusions from them.

A Handbook on Multi-Attribute Decision-Making Methods

Author : Omid Bozorg-Haddad
Publisher : John Wiley & Sons
ISBN 13 : 1119563496
Total Pages : 192 pages
Book Rating : 4.1/5 (195 download)

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Book Synopsis A Handbook on Multi-Attribute Decision-Making Methods by : Omid Bozorg-Haddad

Download or read book A Handbook on Multi-Attribute Decision-Making Methods written by Omid Bozorg-Haddad and published by John Wiley & Sons. This book was released on 2021-04-06 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: Clear and effective instruction on MADM methods for students, researchers, and practitioners. A Handbook on Multi-Attribute Decision-Making Methods describes multi-attribute decision-making (MADM) methods and provides step-by-step guidelines for applying them. The authors describe the most important MADM methods and provide an assessment of their performance in solving problems across disciplines. After offering an overview of decision-making and its fundamental concepts, this book covers 20 leading MADM methods and contains an appendix on weight assignment methods. Chapters are arranged with optimal learning in mind, so you can easily engage with the content found in each chapter. Dedicated readers may go through the entire book to gain a deep understanding of MADM methods and their theoretical foundation, and others may choose to review only specific chapters. Each standalone chapter contains a brief description of prerequisite materials, methods, and mathematical concepts needed to cover its content, so you will not face any difficulty understanding single chapters. Each chapter: Describes, step-by-step, a specific MADM method, or in some cases a family of methods Contains a thorough literature review for each MADM method, supported with numerous examples of the method's implementation in various fields Provides a detailed yet concise description of each method's theoretical foundation Maps each method's philosophical basis to its corresponding mathematical framework Demonstrates how to implement each MADM method to real-world problems in a variety of disciplines In MADM methods, stakeholders' objectives are expressible through a set of often conflicting criteria, making this family of decision-making approaches relevant to a wide range of situations. A Handbook on Multi-Attribute Decision-Making Methods compiles and explains the most important methodologies in a clear and systematic manner, perfect for students and professionals whose work involves operations research and decision making.

Multiple Criteria Decision Making

Author : Anand J. Kulkarni
Publisher : Springer
ISBN 13 : 9789811674167
Total Pages : 0 pages
Book Rating : 4.6/5 (741 download)

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Book Synopsis Multiple Criteria Decision Making by : Anand J. Kulkarni

Download or read book Multiple Criteria Decision Making written by Anand J. Kulkarni and published by Springer. This book was released on 2023-02-16 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.