Multicriteria Decision-Making Under Conditions of Uncertainty

Multicriteria Decision-Making Under Conditions of Uncertainty PDF Author: Petr Ekel
Publisher: John Wiley & Sons
ISBN: 1119534925
Category : Technology & Engineering
Languages : en
Pages : 368

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Book Description
A guide to the various models and methods to multicriteria decision-making in conditions of uncertainty presented in a systematic approach Multicriteria Decision-Making under Conditions of Uncertainty presents approaches that help to answer the fundamental questions at the center of all decision-making problems: "What to do?" and "How to do it?" The book explores methods of representing and handling diverse manifestations of the uncertainty factor and a multicriteria nature of problems that can arise in system design, planning, operation, and control. The authors—noted experts on the topic—and their book covers essential questions, including notions and fundamental concepts of fuzzy sets, models and methods of multiobjective as well as multiattribute decision-making, the classical approach to dealing with uncertainty of information and its generalization for analyzing multicriteria problems in condition of uncertainty, and more. This comprehensive book contains information on "harmonious solutions" in multiobjective problem-solving (analyzing “i>X, F> models), construction and analysis of “i>X, R/i” models, results aimed at generating robust solutions in analyzing multicriteria problems under uncertainty, and more. In addition, the book includes illustrative examples of various applications, including real-world case studies related to the authors’ various industrial projects. This important resource: Explains the design and processing aspect of fuzzy sets, including construction of membership functions, fuzzy numbers, fuzzy relations, aggregation operations, and fuzzy sets transformations Describes models of multiobjective decision-making (“i>X. M/i” models), their analysis on the basis of using the Bellman-Zadeh approach to decision-making in a fuzzy environment, and their diverse applications, including multicriteria allocation of resources Investigates models of multiattribute decision-making (“i>X, R/i” models) and their analysis on the basis of the construction and processing of fuzzy preference relations as well as demonstrating their applications to solve diverse classes of multiattribute problems Explores notions of payoff matrices and fuzzy-set-based generalization and modification of the classic approach to decision-making under conditions of uncertainty to generate robust solutions in analyzing multicriteria problems Written for students, researchers and practitioners in disciplines in which decision-making is of paramount relevance, Multicriteria Decision-Making under Conditions of Uncertainty presents a systematic and current approach that encompasses a range of models and methods as well as new applications.

Multicriteria Decision-Making Under Conditions of Uncertainty

Multicriteria Decision-Making Under Conditions of Uncertainty PDF Author: Petr Ekel
Publisher: John Wiley & Sons
ISBN: 1119534925
Category : Technology & Engineering
Languages : en
Pages : 368

Get Book Here

Book Description
A guide to the various models and methods to multicriteria decision-making in conditions of uncertainty presented in a systematic approach Multicriteria Decision-Making under Conditions of Uncertainty presents approaches that help to answer the fundamental questions at the center of all decision-making problems: "What to do?" and "How to do it?" The book explores methods of representing and handling diverse manifestations of the uncertainty factor and a multicriteria nature of problems that can arise in system design, planning, operation, and control. The authors—noted experts on the topic—and their book covers essential questions, including notions and fundamental concepts of fuzzy sets, models and methods of multiobjective as well as multiattribute decision-making, the classical approach to dealing with uncertainty of information and its generalization for analyzing multicriteria problems in condition of uncertainty, and more. This comprehensive book contains information on "harmonious solutions" in multiobjective problem-solving (analyzing “i>X, F> models), construction and analysis of “i>X, R/i” models, results aimed at generating robust solutions in analyzing multicriteria problems under uncertainty, and more. In addition, the book includes illustrative examples of various applications, including real-world case studies related to the authors’ various industrial projects. This important resource: Explains the design and processing aspect of fuzzy sets, including construction of membership functions, fuzzy numbers, fuzzy relations, aggregation operations, and fuzzy sets transformations Describes models of multiobjective decision-making (“i>X. M/i” models), their analysis on the basis of using the Bellman-Zadeh approach to decision-making in a fuzzy environment, and their diverse applications, including multicriteria allocation of resources Investigates models of multiattribute decision-making (“i>X, R/i” models) and their analysis on the basis of the construction and processing of fuzzy preference relations as well as demonstrating their applications to solve diverse classes of multiattribute problems Explores notions of payoff matrices and fuzzy-set-based generalization and modification of the classic approach to decision-making under conditions of uncertainty to generate robust solutions in analyzing multicriteria problems Written for students, researchers and practitioners in disciplines in which decision-making is of paramount relevance, Multicriteria Decision-Making under Conditions of Uncertainty presents a systematic and current approach that encompasses a range of models and methods as well as new applications.

Uncertainty and Multicriteria Evaluation

Uncertainty and Multicriteria Evaluation PDF Author: H. Voogd
Publisher:
ISBN:
Category :
Languages : en
Pages : 11

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Book Description


Multicriteria Evaluation in a Fuzzy Environment

Multicriteria Evaluation in a Fuzzy Environment PDF Author: Giuseppe Munda
Publisher: Springer Science & Business Media
ISBN: 364249997X
Category : Business & Economics
Languages : en
Pages : 263

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Book Description
This book is the result of some years of research carried out at the Vrije Universiteit of Amsterdam and at the Joint Research Centre of the European Commission. The awareness of actual and potential conflicts between economic progress in production, consumption, and technology and the environment has led to the concept of "sustainable development", implying that economic and ecological values are well balanced in evaluation and decision making. The linkages between ecosystems and economic systems are the focus of ecological economics. In ecological economics, a multidimensional approach to economic and policy-making is emphasised. In this book, the introduction of multicriteria decision aid techniques in the framework of ecological economics is widely discussed. Since such techniques are based on a "constructive" rationality and allow one to take into account conflictual, multidimensional, incommensurable and uncertain effects of decisions, they can be considered perfectly consistent with the methodological foundations of ecological economics. Since here the assumption is accepted that efficiency, equity and sustainability are the three conflictual values of economics, a mathematical procedure able to deal with these issues in an operational framework is developed, with a particular view on imprecise information in a practical environmental planning context. Given the problem of the differences in the measurement levels of the variables used for economic-ecological modelling, multicriteria methods able to deal with mixed information (both qualitative and quantitative measurements) can be considered particularly useful. Another problem related to the available information concerns the uncertainty (stochastic and/or fuzzy) contained in this information.

Uncertain Multi-Criteria Optimization Problems

Uncertain Multi-Criteria Optimization Problems PDF Author: Dragan Pamucar
Publisher: MDPI
ISBN: 3036515747
Category : Computers
Languages : en
Pages : 86

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Book Description
Most real-world search and optimization problems naturally involve multiple criteria as objectives. Generally, symmetry, asymmetry, and anti-symmetry are basic characteristics of binary relationships used when modeling optimization problems. Moreover, the notion of symmetry has appeared in many articles about uncertainty theories that are employed in multi-criteria problems. Different solutions may produce trade-offs (conflicting scenarios) among different objectives. A better solution with respect to one objective may compromise other objectives. There are various factors that need to be considered to address the problems in multidisciplinary research, which is critical for the overall sustainability of human development and activity. In this regard, in recent decades, decision-making theory has been the subject of intense research activities due to its wide applications in different areas. The decision-making theory approach has become an important means to provide real-time solutions to uncertainty problems. Theories such as probability theory, fuzzy set theory, type-2 fuzzy set theory, rough set, and uncertainty theory, available in the existing literature, deal with such uncertainties. Nevertheless, the uncertain multi-criteria characteristics in such problems have not yet been explored in depth, and there is much left to be achieved in this direction. Hence, different mathematical models of real-life multi-criteria optimization problems can be developed in various uncertain frameworks with special emphasis on optimization problems.

Uncertain Multi-Attribute Decision Making

Uncertain Multi-Attribute Decision Making PDF Author: Zeshui Xu
Publisher: Springer
ISBN: 3662456400
Category : Business & Economics
Languages : en
Pages : 375

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Book Description
This book introduces methods for uncertain multi-attribute decision making including uncertain multi-attribute group decision making and their applications to supply chain management, investment decision making, personnel assessment, redesigning products, maintenance services, military system efficiency evaluation. Multi-attribute decision making, also known as multi-objective decision making with finite alternatives, is an important component of modern decision science. The theory and methods of multi-attribute decision making have been extensively applied in engineering, economics, management and military contexts, such as venture capital project evaluation, facility location, bidding, development ranking of industrial sectors and so on. Over the last few decades, great attention has been paid to research on multi-attribute decision making in uncertain settings, due to the increasing complexity and uncertainty of supposedly objective aspects and the fuzziness of human thought. This book can be used as a reference guide for researchers and practitioners working in e.g. the fields of operations research, information science, management science and engineering. It can also be used as a textbook for postgraduate and senior undergraduate students.

Research and Practice in Multiple Criteria Decision Making

Research and Practice in Multiple Criteria Decision Making PDF Author: Yacov Y. Haimes
Publisher: Springer Science & Business Media
ISBN: 3642573118
Category : Business & Economics
Languages : en
Pages : 574

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Book Description
During the past two decades, the consideration of mUltiple objectives in modeling and decision making has grown by leaps and bounds. The nineties in particular have seen the emphasis shift from the dominance of single-objective modeling and optimization toward an emphasis on multiple objectives. The proceedings of this Conference epitomize these evolutionary changes and contribute to the important role that the tield of multiple criteria decision making (MCDM) now plays in planning, design, operational, management, and policy decisions. Of special interest are the contributions of MCDM to manufacturing engineering. For example, it has recently been recognized that optimal, single-objective solutions have often been pursued at the expense of the much broader applicability of designs and solutions that satisfy multiple objectives. In particular, the theme (MCDM and Its Worldwide Role in Risk-Based Decision Making) of the XIVth International Conference on Multiple Criteria Decision Making (Charlottesville, Virginia, USA, June 8-12, 1998) represents the growing importance of risk-cost-benefit analysis in decision making and in engineering design and manufacturing. In such systems, minimizing the of rare and extreme events emerges as an essential objective that risk complements the minimization of the traditional expected value of risk, along with the objectives attached to cost and performance. These proceedings include forty-five papers that were presented at the Conference. A variety of techniques have been proposed for solving multiple criteria decision-making problems. The emphasis and style of the different techniques largely reflect the fields of expertise of their developers.

Improving Decision Making in Organisations

Improving Decision Making in Organisations PDF Author: Alan G. Lockett
Publisher: Springer
ISBN:
Category : Business & Economics
Languages : en
Pages : 628

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Book Description
This volume contains a selection of papers presented at the Eighth International Conference on Multiple Criteria Decision Making (MCDM). MCDM has been an active research area for over 20 years and the previous conferences clearly showed a tremendous growth of interest. A variety of successful applications and recent developments of interactive computer software to support decision making confirm a sustained progress. The aim of the book is to take stock of the impact of multicriteria concepts in organisations and to involve management practitioners from a wide range of backgrounds. To this end the book is organised round five broad themes and papers discuss the following topics: Psychology - how do individuals in practice use and relate to the methodologies. Organisation - how do our models fit into the decision making framework of real organisations. Application - how have the models been used in practice and what is the users view. Methodology - what are the new areas in model development. Related Areas - is there complementary work, e.g. Expert Systems which may be attempting to solve very similar problems.

Perspective Chapter

Perspective Chapter PDF Author: Marc Juanpera
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 0

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Book Description
Multicriteria decision-making usually requires a set of experts to evaluate the importance of selected criteria and the adequacy of feasible alternatives according to the criteria. Uncertainty can arise in these evaluations, since experts can be hesitant about their responses due to the difficulty of quantifying human language or lack of required knowledge. The Methodology for Integrated Multicriteria Decision-making with Uncertainty (MIMDU) tackles both factors of uncertainty by using non-predefined fuzzy numbers that are continuously adapted taking into account the level of confidence of the experts,Äô opinions. The methodology also offers useful and complementary information to lead to a robust decision-making. This chapter proposes a novel methodology and provides a sample use case to demonstrate its capability to model uncertainty during decision-making process. In particular, a sensitivity analysis is included, which demonstrates (i) how uncertainty is incorporated into alternatives evaluation, and (ii) that the integrated multicriteria decision-making with uncertainty can be more reliable for decision-makers. The methodology is applied to the robust selection of the most sustainable technology to improve agriculture efficiency in rural areas by means of a case study of a low-cost biogas digester in a small-scale farm in Colombia.

Evaluation and Decision Models with Multiple Criteria

Evaluation and Decision Models with Multiple Criteria PDF Author: Denis Bouyssou
Publisher: Springer Science & Business Media
ISBN: 0387310991
Category : Business & Economics
Languages : en
Pages : 460

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Book Description
Formal decision and evaluation models are so widespread that almost no one can pretend not to have used or suffered the consequences of one of them. This book is a guide aimed at helping the analyst to choose a model and use it consistently. A sound analysis of techniques is proposed and the presentation can be extended to most decision and evaluation models as a "decision aiding methodology".

Multiple Criteria Decision Analysis under uncertainty in sustainable construction: a neutrosophic modified best-worst method

Multiple Criteria Decision Analysis under uncertainty in sustainable construction: a neutrosophic modified best-worst method PDF Author: Scherz M.
Publisher: Infinite Study
ISBN:
Category : Mathematics
Languages : en
Pages : 10

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Book Description
Capturing uncertainty in multiple criteria decision analysis (MCDA) is not a new theme but a largely developing topic which is in close connection with uncertainty theories such as fuzzy set and grey systems theories. Due to growing complexity of construction processes mainly because of implementation of sustainability aspects it would be necessary to take advantage of a novel MCDA methodology as an efficient tool to handle the uncertainty in sustainable construction decision making. In this study, we utilise a novel neutrosophic modified best-worst method (NM-BWM) to deal with the uncertainty in decision making in the context of sustainable construction. The method is an integration of neutrosophic set theory (NST) and the modified best-worst method (M-BWM). The NST can provide insights on efficient uncertainty handling of decision makers (DMs) subjective judgements. The BWM is a MCDA method which utilises two vectors of pairwise comparisons (the best criterion to others and others to the worst criterion) to obtain the weights of evaluation criteria. Merits of the BWM include its capability in effectively remedying the inconsistency derived from pairwise comparisons as well as simplicity and less pairwise comparisons compared to other similar methods like analytic hierarchy process (AHP). We show the applicability of the method in a case study with focus on the implementation of sustainable construction.