Download or read book The Pros and Cons of Using Pros and Cons for Multi Criteria Evaluation and Decision Making written by Michael Wood and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many methods have been proposed for helping with multi-criteria evaluations and decisions. This paper discusses one very simple method - the idea of evaluating objects by comparing them with a base object, and assessing their Pros And Cons On (one or more) Common Scales (of value), summarised by the acronym PACOCS. If the objects in question are the alternatives in a decision, PACOCS can be used to assist decision makers choose the best option. The paper argues that, in many contexts, PACOCS is closer to common sense and its rationale more transparent and user-friendly than other approaches to multi-criteria problems based on weighted sum functions and “even swaps”, despite broad similarities in mathematical terms. This additional transparency is of particular potential importance in the many situations where people untrained in decision analysis have to make multi-criteria decisions.

Download or read book Multicriteria Analysis for Environmental Decision Making written by Davide Geneletti and published by Anthem Press. This book was released on 2019-05-30 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: Multicriteria analysis, or MCA, has been increasingly used in environmental decision-making to support the identification of suitable courses of action by integrating factual information with value-based information collected through stakeholder engagement. Multicriteria Analysis for Environmental Decision-Making provides an introduction to the key concepts of MCA and includes a series of case studies that illustrate the application of MCA to a variety of environmental decision-making problems ranging from protected area zoning to landfill siting, and from forest restoration to environmental impact assessment of tourism infrastructures. A compact reference that can be used by researchers, practitioners and planners/decision makers, Multicriteria Analysis for Environmental Decision-Making can also serve as a textbook for undergraduate and postgraduate courses in a broad range of curricula.

Download or read book A Possibility Distribution Based Multi Criteria Decision Algorithm for Resilient Supplier Selection Problems written by Dizuo Jiang and published by Infinite Study. This book was released on with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Resilient supplier selection problem is a key decision problem for an organization to gain competitive advantage. In the presence of multiple conflicting evaluation criteria, contradicting decision makers, and imprecise information sources, this problem becomes even more difficult to solve with the classical optimization approaches.

Download or read book Applications of Multi Criteria Decision Making Theories in Healthcare and Biomedical Engineering written by Ilker Ozsahin and published by Academic Press. This book was released on 2021-03-25 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: Applications of Multi-Criteria Decision-Making Theories in Healthcare and Biomedical Engineering contains several practical applications on how decision-making theory could be used in solving problems relating to the selection of best alternatives. The book focuses on assisting decision-makers (government, organizations, companies, general public, etc.) in making the best and most appropriate decision when confronted with multiple alternatives. The purpose of the analytical MCDM techniques is to support decision makers under uncertainty and conflicting criteria while making logical decisions. The knowledge of the alternatives of the real-life problems, properties of their parameters, and the priority given to the parameters have a great effect on consequences in decision-making. In this book, the application of MCDM has been provided for the real-life problems in health and biomedical engineering issues. Provides a comprehensive analysis and application multi-criteria decision-making methods Presents detail information about MCDM and their usage Covers state-of-the-art MCDM methods and offers applications of MCDM for health and biomedical engineering purposes

Download or read book New Perspectives in Multiple Criteria Decision Making written by Michalis Doumpos and published by Springer. This book was released on 2019-04-02 with total page 427 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides comprehensive coverage of the latest research on multiple criteria research analysis (MCDA) and related areas, gathering a collection of high-quality chapters prepared by leading scholars in the field. By covering the established streams in MCDA research and simultaneously exploring new and emerging areas of application, it offers a unique reference resource for the future development of MCDA. The book approaches MCDA as one of the most active areas in operations research and management science (OR/MS). It presents not only the significant advances achieved to date, but also the new opportunities and challenges arising for both the theory and practice of MCDA. Among many others, the book addresses behavioral and conceptual aspects of decision aiding and decision making, problem structuring issues in the framework of new technological and socio-economic advances, methodological and algorithmic advances for analytical modeling and decision aiding, as well as a number of new application areas in engineering, business, and the social sciences.

Download or read book Multiple Criteria Decision Making written by Y. Ilker Topcu and published by Springer Nature. This book was released on 2021-03-24 with total page 413 pages. Available in PDF, EPUB and Kindle. Book excerpt: Data and its processed state 'information' have become an indispensable resource for virtually all aspects of business, education, etc. Consequently, decisions regarding the handling of this data, transforming it into meaningful information, and ultimately arriving at the best course of action have taken on a new importance. This book highlights a selection of cutting-edge research on decision making presented at the 25th International Conference on Multiple Criteria Decision Making (MCDM 2019), held in Istanbul, Turkey.

Download or read book Multiple Criteria Decision Making in Finance Insurance and Investment written by Minwir Al-Shammari and published by Springer. This book was released on 2015-10-07 with total page 279 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is devoted to recent developments and applications of multiple criteria decision aid tools in the field of finance, insurance and investment. It illustrates recent methods and procedures designed to solve problems related to finance, insurance and portfolio selection formulated through a mathematical programming framework and for which a large number of conflicting and incommensurable objectives (criteria, attributes) is simultaneously optimized. The book introduces researchers and practitioners to recent theoretical and methodological developments in multi-attributes portfolio selection, multiple criteria analysis in finance, insurance and investment. It is based on selected and invited papers presented and discussed at the 2013 International Conference on Multidimensional Finance, Insurance and Investment (ICMFII’13), held at the College of Business Administration at the University of Bahrain from 25th to 27th November 2013 with the co-sponsorship of the International Society on Multiple Criteria Decision Making and the Institute for Operations Research and the Management Sciences - MCDM section.

Download or read book Multi Criteria Analysis and Regional Decision Making written by Peter Nijkamp and published by Springer Science & Business Media. This book was released on 1977-07-01 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Using Multi Criteria Decision Analysis in Natural Resource Management written by Tony Prato and published by Routledge. This book was released on 2017-03-02 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: Providing useful insights on the use of Multi-Criteria Decision Analysis (MCDA) in natural resource management, this book examines a number of empirical applications for several countries and a variety of natural resources. It is shown that using MCDA in the management of water, forestry, wetland and other natural resources can substantially improve the design and implementation of natural resource and environmental policies. Stakeholder involvement is also an important determinant of successful resource management and MCDA provides a useful and effective framework for getting stakeholders involved in resource management decisions. Using Multi-Criteria Decision Analysis in Natural Resource Management gives in-depth analysis of the potential problems in applying these techniques, including difficulties eliciting required information, lack of suitable measures for environmental variables and the need to develop innovative methods to simplify the use of MCDA.

Download or read book Big Data Analytics Using Multiple Criteria Decision Making Models written by Ramakrishnan Ramanathan and published by CRC Press. This book was released on 2017-07-12 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: Multiple Criteria Decision Making (MCDM) is a subfield of Operations Research, dealing with decision making problems. A decision-making problem is characterized by the need to choose one or a few among a number of alternatives. The field of MCDM assumes special importance in this era of Big Data and Business Analytics. In this volume, the focus will be on modelling-based tools for Business Analytics (BA), with exclusive focus on the sub-field of MCDM within the domain of operations research. The book will include an Introduction to Big Data and Business Analytics, and challenges and opportunities for developing MCDM models in the era of Big Data.

Download or read book Advances in Intelligent Information and Database Systems written by Ngoc Thanh Nguyen and published by Springer Science & Business Media. This book was released on 2010-04-09 with total page 375 pages. Available in PDF, EPUB and Kindle. Book excerpt: Intelligent information and database systems are two closely related and we- established subfields of modern computer science. They focus on the integration of artificial intelligence and classic database technologies in order to create the class of next generation information systems. The major target of this new gene- tion of systems is to provide end-users with intelligent behavior: simple and/or advanced learning, problem solving, uncertain and certain reasoning, se- organization, cooperation, etc. Such intelligent abilities are implemented in classic information systems to make them autonomous and user oriented, in particular when advanced problems of multimedia information and knowledge discovery, access, retrieval and manipulation are to be solved in the context of large, distr- uted and heterogeneous environments. It means that intelligent knowledge-based information and database systems are used to solve basic problems of large coll- tions management, carry out knowledge discovery from large data collections, reason about information under uncertain conditions, support users in their for- lation of complex queries etc. Topics discussed in this volume include but are not limited to the foundations and principles of data, information, and knowledge models, methodologies for intelligent information and database systems analysis, design, implementation, validation, maintenance and evolution.

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.

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.

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.

Download or read book Spatial Multicriteria Decision Making and Analysis written by Jean-Claude Thill and published by Routledge. This book was released on 2019-01-04 with total page 377 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1999, this volume consists of selected papers presented at the North American Meetings of the RSAI along with invited contributions from scholars active in the field of spatial multicriteria decision making and analysis. It is meant to present diverse lines of research in spatial multicriteria decision making and analysis under the multidisciplinary umbrella of Geographic Information Science. The first part explores selected theoretical and conceptual aspects of spatial multicriteria decision making and analysis not confined to any specific application domain. Part 2 consists of six chapters focusing on various forms of location decision and analysis problems. Finally, part 3 contains five chapters on various spatial decision problems whose systemic scope sets them apart from locational decision problems.

Download or read book Project Management Analytics written by Harjit Singh and published by FT Press. This book was released on 2015-11-12 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt: To manage projects, you must not only control schedules and costs: you must also manage growing operational uncertainty. Today’s powerful analytics tools and methods can help you do all of this far more successfully. In Project Management Analytics, Harjit Singh shows how to bring greater evidence-based clarity and rationality to all your key decisions throughout the full project lifecycle. Singh identifies the components and characteristics of a good project decision and shows how to improve decisions by using predictive, prescriptive, statistical, and other methods. You’ll learn how to mitigate risks by identifying meaningful historical patterns and trends; optimize allocation and use of scarce resources within project constraints; automate data-driven decision-making processes based on huge data sets; and effectively handle multiple interrelated decision criteria. Singh also helps you integrate analytics into the project management methods you already use, combining today’s best analytical techniques with proven approaches such as PMI PMBOK® and Lean Six Sigma. Project managers can no longer rely on vague impressions or seat-of-the-pants intuition. Fortunately, you don’t have to. With Project Management Analytics, you can use facts, evidence, and knowledge—and get far better results. Achieve efficient, reliable, consistent, and fact-based project decision-making Systematically bring data and objective analysis to key project decisions Avoid “garbage in, garbage out” Properly collect, store, analyze, and interpret your project-related data Optimize multi-criteria decisions in large group environments Use the Analytic Hierarchy Process (AHP) to improve complex real-world decisions Streamline projects the way you streamline other business processes Leverage data-driven Lean Six Sigma to manage projects more effectively

Download or read book Multicriteria Decision Aiding Interventions written by Maria Franca Norese and published by Springer Nature. This book was released on 2023-06-21 with total page 279 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book introduces readers to multicriteria decision aiding (MCDA) interventions used in complex situations. In each chapter, expert analysts propose a piece of the puzzle, while the final, complete puzzle offers an interesting reflection of the main challenges and difficulties associated with decision aiding interventions, as well as the different tools adopted in response. Particular attention is given to the approaches used to identify and overcome specific difficulties. Designed for analysts familiar with several multicriteria methods but seeking detailed information and experience, this book helps to elaborate and validate MC models in real-life decision aiding interventions. In addition, it helps novice analysts appreciate the difficulty of decision aiding and use the available methods to reduce or control them with the help of socio-technical approaches.