Related Research Articles
Multiple-criteria decision-making (MCDM) or multiple-criteria decision analysis (MCDA) is a sub-discipline of operations research that explicitly evaluates multiple conflicting criteria in decision making. Conflicting criteria are typical in evaluating options:cost or price is usually one of the main criteria,and some measure of quality is typically another criterion,easily in conflict with the cost. In purchasing a car,cost,comfort,safety,and fuel economy may be some of the main criteria we consider –it is unusual that the cheapest car is the most comfortable and the safest one. In portfolio management,managers are interested in getting high returns while simultaneously reducing risks;however,the stocks that have the potential of bringing high returns typically carry high risk of losing money. In a service industry,customer satisfaction and the cost of providing service are fundamental conflicting criteria.
In decision theory,the evidential reasoning approach (ER) is a generic evidence-based multi-criteria decision analysis (MCDA) approach for dealing with problems having both quantitative and qualitative criteria under various uncertainties including ignorance and randomness. It has been used to support various decision analysis,assessment and evaluation activities such as environmental impact assessment and organizational self-assessment based on a range of quality models.
The superiority and inferiority ranking method is a multi-criteria decision making model (MCDA) which can handle real data and provides six different preference structures for the system user. MCDM is a sub-discipline of operations research that explicitly evaluates multiple conflicting criteria in decision making,both in daily life and in settings such as business,government and medicine.
Decision-making software is software for computer applications that help individuals and organisations make choices and take decisions,typically by ranking,prioritizing or choosing from a number of options.
The weighted product model (WPM) is a popular multi-criteria decision analysis (MCDA) / multi-criteria decision making (MCDM) method. It is similar to the weighted sum model (WSM). The main difference is that instead of addition in the main mathematical operation,there is multiplication.
The decision-making paradox is a phenomenon related to decision-making and the quest for determining reliable decision-making methods. It was first described by Triantaphyllou,and has been recognized in the related literature as a fundamental paradox in multi-criteria decision analysis (MCDA),multi-criteria decision making (MCDM) and decision analysis since then.
The European Working Group on Multiple Criteria Decision Aiding is a working group whose objective is to promote original research in the field of multicriteria decision aiding at the European level.
In multiple criteria decision aiding (MCDA),multicriteria classification involves problems where a finite set of alternative actions should be assigned into a predefined set of preferentially ordered categories (classes). For example,credit analysts classify loan applications into risk categories,customers rate products and classify them into attractiveness groups,candidates for a job position are evaluated and their applications are approved or rejected,technical systems are prioritized for inspection on the basis of their failure risk,clinicians classify patients according to the extent to which they have a complex disease or not,etc.
Kaisa Miettinen is a Finnish mathematician and the former vice rector of the University of Jyväskyläin Finland. She is a professor of industrial optimization with the Faculty of Information Technology,University of Jyväskylä,Finland. In addition,she heads the Multiobjective Optimization Group.
Hiview3 is decision-making software that is based on multi-criteria decision making (MCDM).
DecideIT is a decision-making software for the Microsoft Windows operating system. It is based on multi-criteria decision making (MCDM) and the multi-attribute value theory (MAVT). It supports both value tree analysis for multi-attribute decision problems as well as decision tree analysis for evaluating decisions under risk and can combine these structures in a common model.
The VIKOR method is a multi-criteria decision making (MCDM) or multi-criteria decision analysis method. It was originally developed by Serafim Opricovic to solve decision problems with conflicting and noncommensurable criteria,assuming that compromise is acceptable for conflict resolution,the decision maker wants a solution that is the closest to the ideal,and the alternatives are evaluated according to all established criteria. VIKOR ranks alternatives and determines the solution named compromise that is the closest to the ideal.
D-Sight is a company that specializes in decision support software and associated services in the domains of project prioritization,supplier selection and collaborative decision-making. It was founded in 2010 as a spin-off from the UniversitéLibre de Bruxelles (ULB). Their headquarters are located in Brussels,Belgium.
Milan Zeleny was a Czech-American economist,a professor of management systems at Fordham University,New York City. He has done research in the field of decision-making,productivity,knowledge management,and business economics. Zeleny was also a visiting professor at the Tomas Bata University in Zlín,Czech Republic,and has been academic vice dean and professor at Xidian University in Xi’an,China. He was a distinguished visiting professor at Fu Jen Catholic University in Taipei in 2006,at the Indian Institute of Technology in Kanpur in 2007,and at IBMEC in Rio de Janeiro in 2009–10. For many years he has lectured at the Faculty of Architecture,University of Naples.
The Association of European Operational Research Societies (EURO) is a regional grouping within the International Federation of Operational Research Societies (IFORS) whose aim is to promote Operational Research throughout Europe. It was established in 1975.
Measuring attractiveness through a categorical-based evaluation technique (MACBETH) is a multiple-criteria decision analysis (MCDA) method that evaluates options against multiple criteria.
Carlos Romero is a Spanish academic who specializes in the field of economic optimization chiefly by using multi-criteria programming methods,concretely goal programming methods. In 2006,the International Society on Multiple Criteria Decision Making awarded him the Georg Cantor Medal.
The Hellenic Operational Research Society (HELORS) is the official non-profit society for the scientific field of Operations Research in Greece. The society is a member of the European umbrella organization,the Association of European Operational Research Societies,and of the International Federation of Operational Research Societies.
Roman Słowiński is a Polish computer scientist and professor. Since 2019 he has been Vice President of the Polish Academy of Sciences.
Kathrin Klamroth is a German mathematician and computer scientist whose research topics include combinatorial optimization and facility location. She is a professor in the department of mathematics and computer science at the University of Wuppertal.
References
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- ↑ Belton, Valerie; Stewart, Theodor J. (2002). Multiple Criteria Decision Analysis | SpringerLink. doi:10.1007/978-1-4615-1495-4. ISBN 978-1-4613-5582-3.
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- ↑ "Presidential Award of the International Society for Multiple Criteria Decision Making". University of Strathclyde. Retrieved 2021-12-29.
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- ↑ Belton, Valerie; Stewart, Theodor (2002). Multiple Criteria Decision Analysis: An Integrated Approach. Springer Science & Business Media. ISBN 978-0-7923-7505-0.
- ↑ Belton, Valerie (1997). DEA and MCDA: Competing Or Complementary Approaches?. Department of Management Science, University of Strathclyde.
- ↑ "EURO Journal on Decision Processes". Springer. November 2020. Retrieved 2021-12-29.
- ↑ "Editorial board member, European Journal of Operational Research". University of Strathclyde. Retrieved 2021-12-29.
- ↑ "Journal of Multicriteria Decision Analysis (Journal)". University of Strathclyde. Retrieved 2021-12-29.
- ↑ "Problem Structuring in Multi-Criteria Decision Analysis".
- ↑ "A practical framework for pro-development climate policy planning".