A Strategy for Using Multicriteria Analysis in Decision-Making

A Strategy for Using Multicriteria Analysis in Decision-Making PDF Author: Nolberto Munier
Publisher: Springer Science & Business Media
ISBN: 9400715129
Category : Science
Languages : en
Pages : 315

Get Book Here

Book Description
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.

Strategic Approach in Multi-criteria Decision Making

Strategic Approach in Multi-criteria Decision Making PDF Author: Nolberto Munier
Publisher:
ISBN: 9783030027278
Category : Decision making
Languages : en
Pages :

Get Book Here

Book Description
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.

Strategic Approach in Multi-Criteria Decision Making

Strategic Approach in Multi-Criteria Decision Making PDF Author: Nolberto Munier
Publisher: Springer Nature
ISBN: 3031444531
Category :
Languages : en
Pages : 407

Get Book Here

Book Description


Multi-Criteria Analysis and Regional Decision-Making

Multi-Criteria Analysis and Regional Decision-Making PDF Author: Peter Nijkamp
Publisher: Springer Science & Business Media
ISBN: 9789020706895
Category : Business & Economics
Languages : en
Pages : 152

Get Book Here

Book Description


Decision Making Applications in Modern Power Systems

Decision Making Applications in Modern Power Systems PDF Author: Shady Abdel Aleem
Publisher: Academic Press
ISBN: 0128166266
Category : Science
Languages : en
Pages : 578

Get Book Here

Book Description
Decision Making Applications in Modern Power Systems presents an enhanced decision-making framework for power systems. Designed as an introduction to enhanced electricity system analysis using decision-making tools, it provides an overview of the different elements, levels and actors involved within an integrated framework for decision-making in the power sector. In addition, it presents a state-of-play on current energy systems, strategies, alternatives, viewpoints and priorities in support of decision-making in the electric power sector, including discussions of energy storage and smart grids. As a practical training guide on theoretical developments and the application of advanced methods for practical electrical energy engineering problems, this reference is ideal for use in establishing medium-term and long-term strategic plans for the electric power and energy sectors. - Provides panoramic coverage of state-of-the-art energy systems, strategies and priorities in support of electrical power decision-making - Introduces innovative research outcomes, programs, algorithms and approaches to address challenges in understanding, creating and managing complex techno-socio-economic engineering systems - Includes practical training on theoretical developments and the application of advanced methods for realistic electrical energy engineering problems

Handbook of Multicriteria Analysis

Handbook of Multicriteria Analysis PDF Author: Constantin Zopounidis
Publisher: Springer Science & Business Media
ISBN: 3540928286
Category : Business & Economics
Languages : en
Pages : 472

Get Book Here

Book Description
Multicriteria analysis is a rapidly growing aspect of operations research and management science, with numerous practical applications in a wide range of fields. This book presents all the recent advances in multicriteria analysis, including multicriteria optimization, goal programming, outranking methods, and disaggregation techniques. The latest developments on robustness analysis, preference elicitation, and decision making when faced with incomplete information, are also discussed, together with applications in business performance evaluation, finance, and marketing. Finally, the interactions of multicriteria analysis with other disciplines are also explored, including among others data mining, artificial intelligence, and evolutionary methods.

Multicriteria Decision Analysis in Geographic Information Science

Multicriteria Decision Analysis in Geographic Information Science PDF Author: Jacek Malczewski
Publisher: Springer
ISBN: 3540747575
Category : Science
Languages : en
Pages : 335

Get Book Here

Book Description
This book is intended for the GIS Science and Decision Science communities. It is primarily targeted at postgraduate students and practitioners in GIS and urban, regional and environmental planning as well as applied decision analysis. It is also suitable for those studying and working with spatial decision support systems. The main objectives of this book are to effectivley integrate Multicriteria Decision Analysis (MCDA) into Geographic Information Science (GIScience), to provide a comprehensive account of theories, methods, technologies and tools for tackling spatial decision problems and to demonstrate how the GIS-MCDA approaches can be used in a wide range of planning and management situations.

Multi-Criteria Decision Modelling

Multi-Criteria Decision Modelling PDF Author: Rahul Sindhwani
Publisher: CRC Press
ISBN: 1000420957
Category : Business & Economics
Languages : en
Pages : 223

Get Book Here

Book Description
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.

Fuzzy Multi-Criteria Decision Making

Fuzzy Multi-Criteria Decision Making PDF Author: Cengiz Kahraman
Publisher: Springer Science & Business Media
ISBN: 0387768130
Category : Computers
Languages : en
Pages : 591

Get Book Here

Book Description
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.

Multi-criteria Decision Making Methods

Multi-criteria Decision Making Methods PDF Author: Evangelos Triantaphyllou
Publisher: Springer Science & Business Media
ISBN: 1475731574
Category : Business & Economics
Languages : en
Pages : 307

Get Book Here

Book Description
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.