Strategic Approach in Multi-Criteria Decision Making Strategic Approach in Multi-Criteria Decision Making
International Series in Operations Research & Management Science

Strategic Approach in Multi-Criteria Decision Making

A Practical Guide for Complex Scenarios

Nolberto Munier and Others
    • $99.99
    • $99.99

Publisher 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.

GENRE
Business & Personal Finance
RELEASED
2019
January 29
LANGUAGE
EN
English
LENGTH
288
Pages
PUBLISHER
Springer International Publishing
SELLER
Springer Nature B.V.
SIZE
34.3
MB
Mathematical Modelling of Decision Problems Mathematical Modelling of Decision Problems
2021
New State of MCDM in the 21st Century New State of MCDM in the 21st Century
2011
D E C I D E D E C I D E
2020
Uses and Limitations of the AHP Method Uses and Limitations of the AHP Method
2021
Evaluation and Decision Models with Multiple Criteria Evaluation and Decision Models with Multiple Criteria
2015
Business Analytics for Decision Making Business Analytics for Decision Making
2018
Introduction to Sustainability Introduction to Sustainability
2005
Project Management for Environmental, Construction and Manufacturing Engineers Project Management for Environmental, Construction and Manufacturing Engineers
2012
Risk Management for Engineering Projects Risk Management for Engineering Projects
2014
Mathematical Modelling of Decision Problems Mathematical Modelling of Decision Problems
2021
Uses and Limitations of the AHP Method Uses and Limitations of the AHP Method
2021
A Strategy for Using Multicriteria Analysis in Decision-Making A Strategy for Using Multicriteria Analysis in Decision-Making
2011
Handbook of Ripple Effects in the Supply Chain Handbook of Ripple Effects in the Supply Chain
2019
An Introduction to Computational Science An Introduction to Computational Science
2019
Essentials of Business Analytics Essentials of Business Analytics
2019
Revenue Management and Pricing Analytics Revenue Management and Pricing Analytics
2019
Games in Management Science Games in Management Science
2019
New Methods and Applications in Multiple Attribute Decision Making (MADM) New Methods and Applications in Multiple Attribute Decision Making (MADM)
2019